CBRE Clarion Global Real Estate Income Fund IGR Declares Monthly Distribution for August

CBRE Clarion Global Real Estate Income Fund IGR Declares Monthly Distribution for August
11/08/2018 , by , in INTERNATIONAL

The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund (the “Fund”) has declared a monthly distribution of $0.05 per share for the month of August 2018.

IGR’s current annualized distribution rate is 8.1% based on the closing market price of $7.45 on August 8, 2018, and 7.0% based on a closing NAV of $8.54 as of the same date.

Future earnings of the Fund cannot be guaranteed, and the Fund’s distribution policy is subject to change. For more information on the Fund, please visit www.cbreclarion.com.

The Fund’s monthly distribution is set by its Board of Trustees. The Board reviews the Fund’s distribution on a quarterly basis in view of its net investment income, realized and unrealized gains, and other net unrealized appreciation or income expected during the remainder of the year. The Fund strives to establish a level monthly distribution that, over the course of the year, will serve to distribute an amount closely approximating the Fund’s net investment income and net realized capital gains during the year.

CBRE Clarion Global Real Estate Income Fund is a closed-end fund, which is traded on the New York Stock Exchange and invests primarily in real estate securities. Holdings are subject to change. Past performance is no guarantee of future results.

For the current fiscal year (January 1, 2018 to August 31, 2018), the Fund has made or declared eight (8) regular monthly distributions totaling $0.40 per share.

About admin

Loading...