CBRE Clarion Global Real Estate Income Fund Declares Monthly Distribution for January 2018, Payable on January 31, 2018
January 13, 2018 at 03:30 am IST
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The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund has declared a monthly distribution of $0.05 per share for the month of January 2018. The dividend is payable on January 31, 2018 with the record date of January 22, 2018 and the ex-date is January 19, 2018.
CBRE Global Real Estate Income Fund (the Trust) is a diversified, closed-end management investment company. The Trustâs primary objective is high current income, and its secondary objective is capital appreciation. It invests globally with an emphasis on the income-producing common equity and preferred stocks of real estate companies. It can invest up to 25% of its assets in preferred shares of global real estate companies. The Trust invests in Real Estate Equity Securities where dividend distributions are subject to withholding taxes as determined by United States tax treaties with respective individual foreign countries. The Trust may invest up to 20% of its total assets in preferred securities that are rated below investment grade. Its portfolio of investments includes residential, industrial, data centers, malls, health care, office, towers, shopping centers, hotels, and self-storage. CBRE Investment Management Listed Real Assets LLC is the investment adviser of the Trust.