CBRE Global Real Estate Income Fund (NYSE: IGR) Announces Terms of Rights Offering
The Board of Trustees (the “Board”) of the CBRE Global Real Estate Income Fund (NYSE: IGR) (the “Fund”) today announced that it has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (par value $0.001 per share) (“Common Shares”), as of the record date, March 9, 2023 (the “Record Date”), to subscribe for additional Common Shares at a discount to market price (the “Offer”).
- The Board of Trustees (the “Board”) of the CBRE Global Real Estate Income Fund (NYSE: IGR) (the “Fund”) today announced that it has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (par value $0.001 per share) (“Common Shares”), as of the record date, March 9, 2023 (the “Record Date”), to subscribe for additional Common Shares at a discount to market price (the “Offer”).
- Our team’s analysis of historical market environments suggests that today’s market conditions are favorable for global real estate stock investment,” said Joseph Smith, Chief Investment Officer of CBRE Investment Management Strategies and a Portfolio Manager of the Fund.
- Holders of Common Shares as of the Record Date will be entitled to participate in the Offer, which will include an over-subscription privilege.
- Shares issued pursuant to the Offer will be entitled to receive the monthly distribution expected to be payable in April.