IGR Shareholders to Vote on Trustee Re-election, Board Recommends 'FOR'

TL;DR

**Vote 'FOR' Leslie E. Greis; it's a routine re-election backed by the entire board, signaling stability for IGR's governance.**

AI Summary

CBRE Global Real Estate Income Fund (IGR) is holding its Annual Meeting of Shareholders on October 9, 2025, to elect one Class III Trustee, Leslie E. Greis, for a three-year term. The Board of Trustees, including independent trustees, unanimously recommends a 'FOR' vote for Ms. Greis. As of August 8, 2025, the record date, IGR had 151,094,091 common shares outstanding. The Trust's Audit Committee and Nominating Committee, both composed of Independent Trustees, met two and three times respectively in 2024. T. Ritson Ferguson, an interested trustee, held between $500,001 and $1,000,000 in IGR equity securities as of June 30, 2025, while Independent Trustees Asuka Nakahara, Leslie E. Greis, and Heidi Stam each held between $100,001 and $500,000. Peter Finnerty, appointed July 31, 2024, held $0 in IGR equity securities. The Trust's officers, including President and CEO Joseph P. Smith, CFO Jonathan A. Blome, and Secretary and CCO Jeff C. Chang, receive no compensation from the Trust, with their remuneration borne by the Adviser, CBRE Investment Management Listed Real Assets LLC.

Why It Matters

This DEF 14A filing outlines the routine governance of CBRE Global Real Estate Income Fund, primarily focusing on the re-election of a trustee. For investors, understanding the composition and recommendations of the Board of Trustees is crucial for assessing oversight and strategic direction, especially given the unanimous 'FOR' recommendation for Leslie E. Greis. The competitive context for IGR, a closed-end real estate fund, means that strong, consistent governance is key to maintaining investor confidence and performance relative to peers in the real estate investment sector. Employees and customers are less directly impacted by this specific governance vote, but a well-governed fund contributes to overall stability.

Risk Assessment

Risk Level: low — The filing primarily concerns a routine trustee election, with the Board unanimously recommending the re-election of Leslie E. Greis. There are no contentious proposals or significant changes in governance structure indicated, and the financial disclosures are limited to trustee holdings, not operational performance, suggesting minimal immediate risk to investors.

Analyst Insight

Investors should vote 'FOR' the re-election of Leslie E. Greis as recommended by the Board, as this is a standard governance procedure. Review the trustee's background and holdings to ensure alignment with your investment philosophy, but no immediate portfolio adjustments are warranted based on this filing.

Key Numbers

• 151,094,091 — common shares outstanding (as of the Record Date, August 8, 2025)
• $500,001-$1,000,000 — equity securities owned by T. Ritson Ferguson (as of June 30, 2025)
• $100,001-$500,000 — equity securities owned by Asuka Nakahara (as of June 30, 2025)
• $100,001-$500,000 — equity securities owned by Leslie E. Greis (as of June 30, 2025)
• $0 — equity securities owned by Peter Finnerty (as of June 30, 2025, appointed July 31, 2024)
• $100,001-$500,000 — equity securities owned by Heidi Stam (as of June 30, 2025)
• 5 — Board meetings held (during calendar year ended December 31, 2024)
• 2 — Audit Committee meetings held (during calendar year ended December 31, 2024)
• 3 — Nominating Committee meetings held (during calendar year ended December 31, 2024)
• 75% — minimum meeting attendance for Trustees (during calendar year ended December 31, 2024, except Mr. Finnerty)

Key Players & Entities

• CBRE Global Real Estate Income Fund (company) — Registrant
• Leslie E. Greis (person) — Class III Trustee nominee for re-election
• T. Ritson Ferguson (person) — Interested Trustee
• Asuka Nakahara (person) — Independent Trustee
• Heidi Stam (person) — Independent Trustee
• Peter Finnerty (person) — Independent Trustee and Audit Committee Financial Expert
• Joseph P. Smith (person) — President and Chief Executive Officer
• Jonathan A. Blome (person) — Chief Financial Officer
• Jeff C. Chang (person) — Secretary and Chief Compliance Officer
• U.S. Securities and Exchange Commission (regulator) — Regulatory body

FAQ

Industry Context

CBRE Global Real Estate Income Fund operates within the closed-end real estate investment trust (REIT) sector. This sector is influenced by broader economic conditions, interest rate movements, and investor demand for income-generating assets. The fund's strategy likely involves investing in a diversified portfolio of income-producing real estate properties or securities to provide regular distributions to shareholders.

Regulatory Implications

As a registered investment company under the Investment Company Act of 1940, the Trust is subject to SEC regulations governing disclosure, governance, and operations. The DEF 14A filing itself is a key regulatory requirement, ensuring transparency for shareholders regarding corporate actions like trustee elections and board activities.

What Investors Should Do

1. Vote 'FOR' the election of Leslie E. Greis as a Class III Trustee. The Board of Trustees, including independent trustees, unanimously recommends this action, indicating confidence in her continued service and contribution to the Trust's governance.
2. Review the equity holdings of trustees and officers as of June 30, 2025, to assess alignment of interests between management and shareholders. Note that officers receive no direct compensation from the Trust, with costs borne by the Adviser.
3. Contact the Trust at 1-888-711-4272 if any questions arise regarding the proposal or the proxy materials.
4. Monitor the Trust's website (www.cbreim.com/igr) for any updates regarding the meeting format (physical vs. virtual) due to potential COVID-19 concerns.

Key Dates

• 2025-10-09: Annual Meeting of Shareholders — Shareholders will vote on the election of one Class III Trustee, Leslie E. Greis, for a three-year term.
• 2025-08-08: Record Date — Determines which shareholders are entitled to vote at the Annual Meeting. 151,094,091 common shares were outstanding on this date.
• 2025-06-30: Equity Securities Ownership Date — Provides a snapshot of trustee and officer holdings in IGR, indicating their investment alignment with shareholders.
• 2024-07-31: Appointment of Peter Finnerty — Peter Finnerty was appointed as a Class II Trustee on this date and held $0 in IGR equity securities as of June 30, 2025.
• 2024-12-31: End of Calendar Year — During this year, the Board held 5 meetings, the Audit Committee held 2 meetings, and the Nominating Committee held 3 meetings. Minimum meeting attendance for Trustees was 75%, with exceptions for Mr. Finnerty.
• 2025-09-05: First mailing of Proxy Statement — Shareholders receive the proxy statement and proxy card, initiating the voting process for the Annual Meeting.

Glossary

DEF 14A

A filing with the U.S. Securities and Exchange Commission (SEC) that provides detailed information about a company's annual meeting, including proposals to be voted on, director nominees, and executive compensation. (This document is the primary source of information for shareholders to understand the proposals and make informed voting decisions.)

Trustee

A member of the Board of Trustees responsible for overseeing the management and affairs of the trust. (The election of trustees is a key governance function, and shareholders are being asked to elect one trustee, Leslie E. Greis.)

Record Date

A specific date set by a company to determine which shareholders are eligible to receive notice of and vote at a shareholder meeting. (Shareholders as of August 8, 2025, are eligible to vote at the October 9, 2025, Annual Meeting.)

Independent Trustee

A trustee who has no material relationship with the company other than their role as a trustee, ensuring objective oversight. (The Board's recommendation for the trustee election comes from both interested and independent trustees, with committees like Audit and Nominating composed solely of independent trustees.)

Adviser

An entity that provides investment management services to the fund. In this case, CBRE Investment Management Listed Real Assets LLC. (The Adviser bears the compensation costs for the Trust's officers, indicating a specific operational and financial arrangement.)

1940 Act

The Investment Company Act of 1940, a U.S. federal law that regulates the organization of companies, including mutual funds, closed-end funds, and unit investment trusts, offering them to the public. (The Trust is registered under this act, meaning it is subject to its regulations regarding governance and operations.)

Proxy

A document that authorizes another person to act on behalf of a shareholder, typically to vote their shares at a meeting. (Shareholders are encouraged to return their proxy to ensure their vote is counted, even if they cannot attend the meeting.)

Class III Trustee

A classification of trustees where their terms are staggered, with one class up for election each year. (The proposal is to elect a Class III Trustee, Leslie E. Greis, for a three-year term.)

Year-Over-Year Comparison

This filing pertains to the Annual Meeting of Shareholders on October 9, 2025, and focuses on the election of a trustee. Information regarding year-over-year financial performance, revenue growth, or changes in risk factors is not detailed in this specific proxy statement, which is primarily a governance document. The key comparative element is the trustee election process and the attendance/meeting data for the previous year (2024).

Key Financial Figures

• $1,000,000 — rustee T. Ritson Ferguson $ 500,001-$1,000,000 Independent Trustees Asuka Nakahara
• $500,000 — t Trustees Asuka Nakahara $ 100,001-$500,000 Leslie E. Greis $ 100,001-$500,000
• $0 — upon Retirement T. Ritson Ferguson $0 Not Applicable Not Applicable 9 The
• $50,000 — its Upon Retirement Asuka Nakahara $50,000 Not Applicable Not Applicable Lesli
• $25,000 — able Not Applicable Peter Finnerty $25,000 Not Applicable Not Applicable Heidi

Filing Documents

• cgreif-efp17501_def14a.htm (DEF 14A) — 298KB
• image1.jpg (GRAPHIC) — 737KB
• image2.jpg (GRAPHIC) — 733KB
• log_31.jpg (GRAPHIC) — 30KB
• 0001133228-25-009210.txt ( ) — 2104KB

From the Filing

DEF 14A 1 cgreif-efp17501_def14a.htm CBRE GLOBAL REAL ESTATE INCOME FUND - DEF 14A SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant  Filed by a Party other than the Registrant   Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to § 240.14a-12 CBRE Global Real Estate Income Fund (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 240.0-11 and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: CBRE GLOBAL REAL ESTATE INCOME FUND 555 East Lancaster Avenue, Suite 120 Radnor, Pennsylvania 19087 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER 9, 2025 Notice is hereby given that an Annual Meeting of Shareholders of CBRE Global Real Estate Income Fund (the "Trust") will be held at the offices of CBRE Investment Management Listed Real Assets LLC, 555 East Lancaster Avenue, Suite 120, Radnor, Pennsylvania 19087, on October 9, 2025 at 10:00 a.m., Eastern Time (the "Annual Meeting"). The Annual Meeting is being held for the purpose of considering the proposal set forth below and to transact such other business as may properly be brought before the Annual Meeting. 1. To elect one trustee for the Trust to hold office for the term indicated in the attached Proxy Statement or until their successor shall be elected and qualified. 2. To transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. The Board of Trustees of the Trust (the "Board"), including the independent trustees, unanimously recommend 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. The Board has fixed the close of business on August 8, 2025 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting. We urge you to complete, sign, date, and return the enclosed proxy in the postage-paid envelope provided so your shares will be represented at the Annual Meeting. The proxy statement also is available online at www.proxyvote.com. The Annual Meeting is currently planned to take place at a physical location. However, due to ongoing concerns regarding COVID-19, the Trust is planning for the possibility that the Annual Meeting may be held virtually, by means of remote communication or via a live webcast, with the potential for virtual attendance. If the Trust takes this step, the Trust will publicly announce the decision in a press release that will also be filed with the U.S. Securities and Exchange Commission as definitive additional soliciting material, and the Trust will post the announcement and additional information on its website at www.cbreim.com/igr as soon as practicable before the Annual Meeting. The Trust recommends that you monitor this website for updated information, and please check this website in advance of the Annual Meeting to confirm the status of the Annual Meeting before planning to attend in person. CBRE Global Real Estate Income Fund By Order of the Board of Trustees /s/ Jeff C. Chang Jeff C. Chang, Secretary August 29, 2025 It is important that your shares be represented at the Annual Meeting in person or by proxy. Whether or not you plan to attend the Annual Meeting, please complete, sign, date and return the enclosed proxy card in the accompanying postage-paid envelope. The proxy statement also is available online at www.proxyvote.com. If you attend the Annual Meeting and wish to vote in person, you will be able to do so and your vote at the Annual Meeting will revoke any proxy you may have previously submitted. Your vote is extremely important. No matter how many or

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