CBRE Global Real Estate Income Fund Announces Monthly Dividend of $0.06 (NYSE:IGR)

CBRE Global Real Estate Income Fund (NYSE:IGR – Get Rating) declared a monthly dividend on Thursday, May 12th, Wall Street Journal reports. Stockholders of record on Friday, May 20th will be given a dividend of 0.06 per share by the closed-end fund on Tuesday, May 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.61%. The ex-dividend date is Thursday, May 19th.

Shares of IGR opened at $7.49 on Friday. The company has a 50-day moving average of $8.59 and a 200 day moving average of $8.86. CBRE Global Real Estate Income Fund has a 1-year low of $7.46 and a 1-year high of $9.89.

In other CBRE Global Real Estate Income Fund news, Director Leslie E. Greis acquired 24,238 shares of the company’s stock in a transaction dated Tuesday, March 15th. The shares were purchased at an average cost of $8.20 per share, for a total transaction of $198,751.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph P. Smith acquired 3,649 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average cost of $8.23 per share, for a total transaction of $30,031.27. The disclosure for this purchase can be found here. Insiders have bought 33,226 shares of company stock valued at $272,033 in the last ninety days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IGR. Millennium Management LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the second quarter worth $157,000. Morgan Stanley raised its stake in CBRE Global Real Estate Income Fund by 15.8% in the second quarter. Morgan Stanley now owns 3,249,843 shares of the closed-end fund’s stock valued at $28,631,000 after buying an additional 444,471 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of CBRE Global Real Estate Income Fund by 4.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 546,990 shares of the closed-end fund’s stock worth $5,355,000 after acquiring an additional 25,637 shares during the last quarter. LPL Financial LLC increased its holdings in shares of CBRE Global Real Estate Income Fund by 7.8% during the fourth quarter. LPL Financial LLC now owns 269,859 shares of the closed-end fund’s stock valued at $2,642,000 after acquiring an additional 19,427 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in CBRE Global Real Estate Income Fund by 125.8% in the 4th quarter. Guggenheim Capital LLC now owns 63,333 shares of the closed-end fund’s stock worth $620,000 after purchasing an additional 35,290 shares in the last quarter.

CBRE Global Real Estate Income Fund Company Profile (Get Rating)

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.

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