CBRE Clarion Global Real Estate Income Fund Declares Monthly Distribution, Payable on January 31, 2013
January 14, 2013 at 05:32 pm
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The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund declared a monthly distribution of $0.045 per share for the month of January 2013. The dividend will be payable on January 31, 2013 with record date of January 24, 2013 and ex-dividend date is January 22, 2013.
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.