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ORLANDO-Macquarie CNL Global Income Trust, a publicly-registered non-traded real estate investment trust, announced a monthly cash distribution of $0.0017808 per day per share on the outstanding shares of common stocks. On an annualized basis, with the REIT’s offering price of $10 per share, the distribution will yield a 6.5% return. The board of directors approved the distribution on May 25.

“If you look at the universe of non-traded REITs,” says Curtis McWilliams, president of Macquarie CNL, Global Income Trust in Orlando, the 6.5% return is about average. Most similar REITs have a 6% to 7% distribution level, he says, at the same time pointing out that the trust has no assets yet. Macquarie CNL Global Income Trust became effective as a REIT, April 23.

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