CBRE Global Real Estate Income Fund announces 1-for-3 reverse stock split - IGR News | RalliesCBRE Global Real Estate Income Fund announces 1-for-3 reverse stock split
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IGR• Reverse stock split and distribution reset
- CBRE Global Real Estate Income Fund set a 1-for-3 reverse stock split, effective around Sept. 8, 2026 before NYSE trading.
- Monthly distribution to reset to USD 0.18 per share from USD 0.06, intended to keep shareholder cash flow unchanged.
- Reverse split aims to lift the market price per share, potentially widening the investor base, improving liquidity, lowering trading costs.
- Fractional shares will not be issued; resulting fractions will be sold on the NYSE with cash proceeds paid pro rata.
- Shares will keep trading under ticker IGR; CUSIP will change to 12504G878 from 12504G100.
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