Form 8-K - Current report

DE false 0001268884 0001268884 2024-07-30 2024-07-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): July 30, 2024

CBRE GLOBAL REAL ESTATE INCOME FUND

(Exact Name of Registrant as Specified in Charter)

 

STATE OF DELAWARE		811-21465		13-7398895
(State or other jurisdiction incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

555 East Lancaster Avenue

Suite 120

Radnor, Pennsylvania 19087

(Address of principal executive offices)

[phone]

(Registrant’s Telephone No.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

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Item 8.01  Other Events

On July 30, 2024, the Registrant issued a press release, attached hereto as Exhibit 99.1, announcing the appointment of Peter Finnerty to its Board of Trustees.

Item 9.01  Financial Statements and Exhibits

 

Exhibit 99.1		Press Release dated July 30, 2024

 

 

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

						CBRE GLOBAL REAL ESTATE INCOME FUND
Dated: July 30, 2024				By:		/s/ JEFF CHANG
						Jeff Chang
						Secretary

Exhibit 99.1

 

Press Release

FOR IMMEDIATE RELEASE

Contact:

 

Analyst and Press Inquiries:

David Leggette

[phone]

[e-mail]

 

Investor Relations:

[phone]

www.cbreim.com/igr

CBRE Global Real Estate Income Fund (NYSE: IGR)

Appoints New Trustee

Philadelphia – July 30, 2024 – The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE: IGR) announced today that Peter F. Finnerty has been appointed to the Board and joins as an independent Trustee effective July 31, 2024.

“We welcome Peter to the Board and feel his expertise and background are very relevant and complementary to our other Board members,” commented Ritson Ferguson, Chairperson of IGR’s Board. “He has extensive relevant experience and perspective on strong governance practices within the investment management business which will benefit our shareholders.”

Mr. Finnerty is a uniquely experienced mutual funds industry leader with extensive financial reporting, operational and risk management experience. For over 12 years, he was the leader of PwC’s Mutual Funds Practice, the largest provider of professional services to the industry. He has served as the lead engagement partner on three of the top ten mutual funds complexes.

Prior to his recent retirement, Mr. Finnerty served as the US Mutual Fund Leader for PricewaterhouseCoopers L.L.P. (PwC). His duties included driving practice initiatives relating to quality, human capital, and client experience, coordinating Firm relationship with SEC and ICI on all mutual fund industry matters, and establishing PwC’s thought leadership and benchmarking agenda for the mutual fund industry. He also served as the Global Asset & Wealth Management Assurance Leader. His duties included determining market-facing activities for the leading global provider of assurance services to the asset management industry and responsibility for directing PwC’s global asset management innovation and technology initiatives across the sector’s global practice.

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CBRE Investment Management Press Release

Mr. Finnerty is a Certified Public Accountant (New York and Massachusetts), a member of the American Institute of Certified Public Accountants, and an Audit Committee Financial Expert (ACFE under Sec 407 of the Sarbanes-Oxley Act). Additionally, he is a frequent speaker/panelist at industry conferences, an author of numerous articles and thought leadership on the mutual fund industry, a former member of ICI Accounting/Treasurers’ Committee; Treasurer for Boston Financial Services Leadership Counsel, and a member of the Audit Committee of the Town of Brookline, Massachusetts. Mr. Finnerty earned his Bachelor of Arts in Economics from Amherst College.

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $142.5 billion in assets under management* as of June 30, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people, and communities thrive. CBRE Investment Management Listed Real Assets LLC is a separately registered investment adviser within CBRE Investment Management that specializes in the management of global listed real assets solutions.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE: CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). CBRE has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information about CBRE Investment Management, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

Document and Entity Information	Jul. 30, 2024
Cover [Abstract]
Entity Incorporation State Country Code	DE
Amendment Flag	false
Entity Central Index Key	0001268884
Document Type	8-K
Document Period End Date	Jul. 30, 2024
Entity Registrant Name	CBRE GLOBAL REAL ESTATE INCOME FUND
Entity File Number	811-21465
Entity Tax Identification Number	13-7398895
Entity Address, Address Line One	555 East Lancaster Avenue
Entity Address, Address Line Two	Suite 120
Entity Address, City or Town	Radnor
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19087
City Area Code	(877)
Local Phone Number	711-4272
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false

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