Cantor Fitzgerald Income Trust Lowers Fees, Modifies Repurchase Program in 2026 Overhaul

New agreements reduce management and performance fees while prioritizing smaller investors in redemptions.

January 08, 2026

Cantor Fitzgerald Income Trust Initiates Structural Changes to Enhance Investor Value

Starting January 1, 2026, Cantor Fitzgerald Income Trust rolled out a set of updates designed to improve cost efficiency and streamline investor servicing. The changes, filed with the SEC, center around reduced fees and a revised repurchase program that gives smaller shareholders greater flexibility.

Advisory Agreement: Reduced Fees, Greater Flexibility

The trust entered into a Third Amended and Restated Advisory Agreement with its operating partnership and advisory affiliates. As part of this agreement, management fees dropped to one-twelfth of 0.75% of net asset value annually, for both the trust and the operating partnership. The goal: reduce fee drag while keeping investment management aligned with NAV performance.

Another clause—one that previously capped expense reimbursements if they pushed NAV per share below $25—was removed. That change allows the advisor to recover certain costs without being constrained by a NAV floor.

Partnership Terms: Performance Participation Scaled Back

A revised limited partnership agreement was also executed. This update cuts the performance participation allocation to the advisor’s affiliate from 12.5% to 5.0%. The shift reduces the percentage of returns redirected to affiliates, refocusing more of the value created within the fund back toward investors.

Repurchase Program: Prioritizing Smaller Accounts

The trust’s board approved a Fourth Amended and Restated Share Repurchase Program, effective the same day. The most notable update gives priority to investors with account values under $2,500. These shareholders will have their repurchase requests fulfilled entirely, subject to available capital. Any remaining requests will then be processed on a pro rata basis. Other elements of the program remain unchanged.

What This Means for Stakeholders

These changes are designed to keep the trust responsive and investor-aligned. Reducing fees and simplifying payout structures makes the fund more cost-effective. Adjusting the repurchase program gives smaller investors improved access to liquidity, especially in periods of lower market activity.

With these updates now live, Cantor Fitzgerald Income Trust is operating with a structure built for clarity, lower friction, and broader accessibility.