Principal Real Estate Income Fund Increases Its Monthly Distributions 3.125% To $0.0825 Per Share

DENVER, April 1, 2021 / PRNewswire / – Principal Real Estate Income Fund (the “Fund”), trading on the New York Stock Exchange under the symbol “PGZ”, is pleased to announce a 3.125% increase in its monthly dividends $ 0.0825 per share from May, payable on the dates given below. Based on the current net asset value of the fund of $ 15.94 (from market close March 26, 2021) the distributions correspond to an annualized distribution ratio of 6.21%.

The following data apply to the declared distributions:

Ex date	Date of recording	date of payment
May 13, 2021	May 14, 2021	May 28, 2021
June 15, 2021	June 16, 2021	June 30, 2021
July 15, 2021	July 16, 2021	July 30, 2021

RISKS
This press release is not intended for tax reporting purposes, but rather to disclose the amount of distributions made by the Fund. In early 2022, after final information is available, the Fund may send Shareholders a Form 1099-DIV specifying how to characterize the distributions paid by the Fund in the previous calendar year for the purpose of reporting distributions on a shareholder’s tax return (e.g., decent income, long-term capital gain, or return on investment). 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 as a long-term investment and not as a trading instrument.

There are risks involved in 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 invest in below investment grade investments (ie junk bonds “) invest. The Fund’s Net Asset Value will vary and its distribution rate may vary. Both can be affected by numerous factors, including changes in the market above a particular benchmark, market interest rates, and the performance of the broader equity markets. Fluctuations in the net asset value may increase due to the use of leverage by the Fund. Therefore, before investing, you should carefully consider the risks you will take in investing in the common stocks of the Fund.

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

The Fund’s investment objectives and policies are not intended to return the original investment to investors who purchase Shares.

Sources of distribution to shareholders include net investment income, net realized short-term capital gains, long-term realized capital capital gains, and return on capital. The actual amounts and sources of amounts for tax reporting 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. If any distribution contains anything other than the net investment income, the Fund will issue a notice in accordance with Section 19 (a) regarding 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 dividends) included on the post-year-end shareholders’ 1099-DIV forms. Past performance is no guarantee of future results.

An investor should carefully consider the investment objectives, risks, fees and costs before investing. 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 stocks often trade at a discount from their net asset value and initial issue prices.

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. The fund has been trading on the secondary market since going public. Investors wishing to buy or sell stocks must place orders through an intermediary or broker. A closed-end fund’s share price is based on 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 investment and financial software-enabled services and software to the global 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 institutions to local businesses, manage and balance their investments using SS&C products and services. For more information, visit www.ssctech.com.

About SS&C ALPS Advisors
SS&C ALPS Advisors, Inc., a wholly owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products to advisors and institutions. Headquarters in Denver, CO with more than $ 14.9 billion under administration December 31, 2020, ALPS Advisors is an open architecture boutique investment manager that offers portfolio building blocks, active insights and an unwavering drive to guide clients to investment results across sustainable income, thematic and alternative growth strategies. More information is available at www.alpsfunds.com.

About the main real estate investors
Principal Real Estate Investors manages or advises $ 88.1 commercial real estate assets in the billions December 31, 2020. The company’s real estate capabilities include both public and private equity and debt investment alternatives. 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®.

SOURCE Principal Real Estate Income Fund