CBRE Global Real Estate Income Fund announces rights offering for common shares
The Fund's Board approved the terms of a rights offering that gives common shareholders as of March 9, 2023 the right to buy additional common shares at a discount to market price. The Fund says the added assets would let it pursue global real estate investment opportunities, and that it expects lower expenses per share from spreading fixed costs over a larger asset base.
Key points
- Record date is March 9, 2023; one right is issued for each common share held
- Subscription ratio is one new common share for every five rights, at a price equal to 95% of the average last sale price over the expiration date and the four preceding trading days
- Offer period runs from March 9, 2023 through the expiration date of April 6, 2023; rights will trade on the NYSE as "IGR RT"
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.