Principal Real Estate Income Fund Increases Its Monthly Distributions 2.94% To $0.0875 Per Share

Published: October 1, 2021 at 3:30 p.m. CDT|Updated: 9 hours ago

DENVER, October 1, 2021 / PRNewswire / – Principal Real Estate Income Fund (the “Fund”), which trades on the New York Stock Exchange under the symbol “PGZ”, is pleased to announce a 2.94% increase in its monthly dividends $ 0.0875 per share from November, payable on the dates given below. Based on the current net asset value of the fund’s share price of $ 17.43 (from market close September 27, 2021) the distributions correspond to an annualized distribution ratio of 6.02%.

The following dates apply to the declared distributions:

Ex date	Date of recording	Due Date
November 10, 2021	November 12, 2021	November 30, 2021
December 15, 2021	December 16, 2021	December 31, 2021
January 13, 2022	January 14, 2022	January 31, 2022

RISKS

This press release is not intended for tax reporting purposes, but rather to disclose the amount of the fund’s distributions. In early 2022, after final information is available, the Fund will, if necessary, send the Shareholders a Form 1099-DIV specifying how the distributions paid by the Fund in the previous calendar year are to be characterized for the purposes of reporting distributions on a Shareholder’s tax Return (e.g., decent income, long-term capital gain or return on capital). An investment in the Fund is not suitable for all investors and is not intended to be a complete investment program. The Fund is designed to be a long-term investment and not a trading vehicle.

There are risks associated with investing in the Fund, including the risk that you may receive little or no return on your investment, or that you may lose some or all of your investment and exposure to investments that are rated below investment grade (ie, ” Junk Bonds ”). The Fund’s Net Asset Value will vary, and its payout rate will vary, and both can be affected by numerous factors, including changes in market dispersion across a particular benchmark, market interest rates and the performance of the broader equity markets. The fluctuations in the net asset value may be exacerbated by the use of leverage by the Fund. Therefore, before investing, you should carefully consider the risks you take in investing in the common stocks of the Fund.

Securities backed by commercial real estate are subject to market risks similar to those of direct ownership of commercial real estate, including, but not limited to, impairment of real estate, declining rental or occupancy rates, and risks related to general and local economic conditions.

The Fund’s investment objective and policy is not to return the initial investment to investors who purchase Shares.

Sources of distribution to Shareholders may include net investment income, realized net short term capital gains, net realized long term capital gains and return on investments. The actual amounts and sources of amounts for tax purposes will depend on the investment experience of the Fund during the remainder of the year and are subject to change due to tax regulations. In accordance with Section 19 (a), if any distribution includes anything other than net investment income, the Fund will provide the best estimate of its sources of distribution at that time which is available at www.principalcef.com. These estimates may not coincide with the final tax characterization (for the full year distributions) included on the post-year-end shareholders’ 1099-DIV forms. Past performance is no guarantee of future results.

An investor should carefully weigh the investment objectives, risks, fees and costs before making an investment. For an annual or semi-annual report containing this and other information, visit www.principalcef.com or call 855.838.9485. Please read them carefully before investing.

Closed-ended investment company shares often trade at a discount from their net asset value and initial issue price.

NOT FDIC INSURED | May lose value | No bank guarantee

The fund is a closed-end fund and does not continuously issue stocks for sale as is the case with open-ended mutual funds. Since going public, the fund has now been traded on the secondary market. Investors who want to buy or sell stocks must place their orders through an intermediary or broker. The share price of a closed fund is based on the market value.

ALPS Advisors, Inc. is the investment advisor to the Fund.

Principal Real Estate Investors LLC is the investment sub-advisor to the Fund. Principal Real Estate Investors LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.

ALPS Portfolio Solutions Distributor, Inc. is the FINRA member firm.

About SS&C Technologies

SS&C is a global provider of services and software to the financial services and healthcare industries. SS&C was founded in 1986 and is headquartered in Windsor, Connecticut, and has offices all over the world. Around 18,000 financial services and healthcare organizations, from the world’s largest corporations to small and medium-sized businesses, rely on SS&C for expertise, size, and technology. For more information on SS&C (Nasdaq: SSNC), please visit www.ssctech.com.

About SS&C | ALPS consultant

ALPS Advisors, Inc., a wholly owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products to advisors and institutions. With more than $ 18.5 billion in assets under management June 30, 2021, the company is an open architecture boutique investment manager that offers portfolio building blocks, active insights and an unwavering drive to guide clients to investment results related to sustainable income, thematic and alternative growth strategies. More information is available at www.alpsfunds.com.

About major real estate investors

Principal Real Estate Investors manages or advises $ 96.0 billion in commercial real estate assets, as of June 30, 2021. The company’s real estate expertise includes both public and private equity and debt investments. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

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SOURCE Principal Real Estate Income Fund

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