Cantor Fitzgerald Income Trust Unveils New Share Class

A fresh capital commitment from the firm’s advisor and reduced fee structures aim to strengthen shareholder value.

December 03, 2025

Cantor Fitzgerald Income Trust Launches Strategic Overhaul Ahead of 2026

Cantor Fitzgerald Income Trust is rolling out a series of changes designed to tighten alignment with its investors and sharpen its long-term focus. The board approved the plan on November 25, 2025, and the initiatives are expected to take effect in Q1 2026.

Here’s what’s changing—and what it means.

Lower fees, stronger alignment

The investment advisor has agreed to reduce its asset management fee from 1.20% to 0.95%, effective January 1, 2026. Its affiliate will also reduce the performance participation allocation from 12.5% to 10%, while keeping the existing return hurdle intact. These adjustments aim to bring the cost structure closer to peers and better align incentives over the long run.

For certain investors, the fee reductions go even further. A new share class, Class SP, will carry a 0.75% asset management fee and a 5% performance participation allocation. This class is expected to be available to:

• New shareholders investing during 2026,


• Existing individual shareholders who meet a minimum ownership threshold, and


• Financial advisors or teams who meet aggregate holding requirements.

Distributions tied to NAV

Instead of paying a fixed per-share amount, the trust will adopt a NAV-based distribution model. Starting January 2026, distributions will be set at an annualized 5.00% of NAV per share class and paid monthly. The goal: to more closely tie shareholder payouts to portfolio performance.

An update to expense reimbursement

Since August 2020, the trust has operated with a reimbursement cap that restricted certain advisor expense recoveries when NAV dropped below $25.00. That restriction is going away. Beginning January 2026, the trust will return to a more standard model—following IPA guidelines that cap reimbursable operating expenses at 2.00% of invested assets or 25.00% of net income.

Importantly, the advisor will waive reimbursement for eligible expenses incurred through the end of 2025. That move helps absorb some of the impact from lifting the prior cap, while signaling continued support for the trust’s stability and direction.

Advisor doubles down with new capital

An affiliate of Cantor Fitzgerald Income Advisors is planning to increase its investment in the trust. The new commitment will bring total ownership to 5.00% and will be made in Class I shares —under the same terms and pricing as other investors in the offering. No special terms or preferences. The investment is expected to close in Q1 2026.

These actions, taken together, reflect a tighter operational focus and a recalibration of incentives across the board. As the trust prepares for the year ahead, the changes aim to position it for long-term, risk-adjusted performance with cost structures that reflect investor priorities.