Form 4: Insider Buys CBRE Global Real Estate Fund Shares

Joseph P. Smith, President & CEO and Portfolio Manager of CBRE Global Real Estate Income Fund, purchased additional shares in December 2025.

Summary

• Joseph P. Smith, who serves as Director, 10% Owner, President & CEO, and Portfolio Manager of CBRE GLOBAL REAL ESTATE INCOME FUND (IGR), reported recent share acquisitions.
• On December 11, 2025, Smith acquired 1,411 shares of CBRE GLOBAL REAL ESTATE INCOME FUND at a price of $4.24 per share.
• Following this transaction, Smith's direct beneficial ownership increased to 112,461.67 shares.
• On December 12, 2025, Smith acquired an additional 2,375 shares at a price of $4.21 per share.
• After the second transaction, Smith's direct beneficial ownership totaled 114,836.67 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive due to significant insider buying by a key executive and portfolio manager, indicating strong confidence in the fund's value and future performance.

Positives

• The President & CEO and Portfolio Manager, Joseph P. Smith, increased his direct beneficial ownership in the fund, signaling confidence in the fund's future performance.
• The purchases were made at prices of $4.24 and $4.21 per share, indicating management's belief in the current valuation.

Future Outlook

This filing does not contain explicit forward-looking statements or guidance, as it is a report of past insider transactions.

Industry Context

Insider buying, particularly by a high-ranking executive and portfolio manager, is generally viewed by the market as a positive signal, suggesting that management believes the company's shares are undervalued or expects positive future developments. This can often lead to increased investor confidence in the fund's prospects within the real estate income sector.

Related Party Transactions

• Joseph P. Smith, an officer and director of CBRE GLOBAL REAL ESTATE INCOME FUND, engaged in direct purchases of the fund's shares. These transactions are considered related-party dealings due to his executive position and significant ownership.

Stakeholder Impact

• Shareholders may perceive these insider purchases as a positive indicator of management's confidence in the fund's future, potentially bolstering investor sentiment and demand for the shares.

Key Dates

Recommendation

The insider purchases by a key executive and portfolio manager are a positive signal, suggesting management's confidence in the fund's valuation and future. While this alone may not warrant a 'strong buy' without further fundamental analysis, it provides a favorable data point for existing shareholders to 'hold' and for potential investors to consider further due diligence.

Keywords

CBRE Global Real Estate Income Fund, IGR, Insider Trading, Form 4, Joseph P. Smith, Share Purchase, Investment Fund, Real Estate Income, Beneficial Ownership