DEF 14A: CBRE Global Real Estate Income Fund to Hold Annual Shareholder Meeting on October 10, 2024

CBRE Global Real Estate Income Fund announces its annual shareholder meeting to elect trustees and conduct other business.

Summary

• CBRE Global Real Estate Income Fund will hold its Annual Meeting of Shareholders on October 10, 2024, at 10:00 a.m. Eastern Time, at the offices of CBRE Investment Management Listed Real Assets LLC in Radnor, Pennsylvania.
• Shareholders will vote to elect two trustees for the Trust.
• The Board of Trustees recommends voting FOR the proposal to elect the trustees.
• The record date for determining shareholders eligible to vote is August 9, 2024.
• The proxy statement is being sent to shareholders on or about September 5, 2024.
• As of the record date, the Trust had 140,018,847 common shares outstanding.
• The meeting may be held virtually due to COVID-19 concerns, with updates posted on www.cbreim.com/igr.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. The Board's recommendation to vote FOR the proposal adds a slightly positive element.

Positives

• The Board of Trustees is actively engaged in overseeing the Trust's operations and risk management.
• The Audit Committee is composed of independent trustees and has a written charter.
• The Nominating Committee will consider trustee candidates recommended by shareholders.
• The Trust has a comprehensive compliance program designed to ensure compliance with applicable laws.
• Shareholders have multiple avenues to communicate with the Board.

Risks

• The Annual Meeting may be held virtually due to ongoing COVID-19 concerns, which could impact shareholder participation.
• The Trust relies on third-party service providers, such as the Adviser and the Trusts administrator, for day-to-day business and risk management, and their policies and methods of risk management may differ from the Trusts.
• The Board recognizes that not all risks that may affect the Trust can be identified and/or quantified, and that it may not be practical or cost-effective to eliminate or mitigate certain risks.

Future Outlook

The Trust plans to continue operating under its current structure and governance, with potential adjustments for virtual meetings due to COVID-19.

Management Comments

• The Board of Trustees unanimously recommends that you vote FOR the proposal.
• We encourage you to contact the Trust toll free at 1-888-711-4272 from 9:00 a.m. to 5:00 p.m., Eastern Time, if you have any questions.

Industry Context

This announcement is a standard part of corporate governance for closed-end management investment companies listed on the NYSE, ensuring shareholder participation in the election of trustees and other important matters.

Comparison to Industry Standards

• The structure of the CBRE Global Real Estate Income Fund, with its classified board of trustees and independent audit and nominating committees, is typical for closed-end funds.
• The process for shareholder nominations and communications with the board aligns with industry best practices for corporate governance.
• The disclosure of fees paid to the independent auditor, KPMG, is consistent with regulatory requirements and provides transparency to shareholders.
• Comparable companies such as Cohen & Steers and Nuveen also hold annual shareholder meetings to elect trustees and address other corporate matters.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders have the opportunity to vote on the election of trustees, influencing the governance of the Trust.
• The election of qualified trustees is intended to benefit shareholders by ensuring effective oversight of the Trust's operations and financial performance.
• The Trust's commitment to privacy safeguards the non-public personal information of shareholders.

Next Steps

• Shareholders should review the proxy statement and vote on the proposal.
• The Trust will hold its Annual Meeting on October 10, 2024.
• The Trust will announce any changes to the meeting format (e.g., virtual meeting) on its website and via SEC filing.

Key Dates

Keywords

Annual Meeting, Shareholders, Trustees, Proxy Statement, CBRE Global Real Estate Income Fund, Election, Governance, Investment Company