Principal Real Estate Income Fund Announces Notification of Source of Distribution to Investing.com



Denver, April 30, 2024 /PRNewswire/ — Principal Real Estate Income Fund (NYSE: PGZ) Announces Source of Distribution Paid April 30, 2024 of $0.1050 per share to shareholders of record at the close of business April 16, 2024, according to the fund’s management distribution plan.This press release is issued pursuant to an exemption order granted by the IMF U.S. Securities and Exchange Commission and includes the following notice to shareholders regarding the source of distributions.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

The following table sets forth estimated amounts from sources of distributions under Section 19 of the Investment Company Act of 1940, as amended, and related rules adopted thereunder. In accordance with generally accepted accounting principles (“GAAP”), the following percentages of the Fund's estimated total distribution per share are attributable to (i) net investment income for the current fiscal year and the prior fiscal year, (ii) short-term net realized capital gains Earnings, (iii) net realized long-term capital gains, and (iv) returns on capital or other capital sources as a percentage of the total distribution. These percentages are disclosed for this distribution and for the Fund's cumulative distribution amount per share to date during the fiscal year.

Current distribution comes from:

per share ($)

%

net investment income

0.0775

73.81%

Net realized short-term capital gains

0.0000

0.00%

Net realized long-term capital gains

0.0000

0.00%

Return of capital or other sources of capital

0.0275

26.19%

Total (per common share)

0.1050

100.00%

fiscal year to date cumulative

Distribution from:

per share ($)

%

net investment income

0.2846

45.17%

Net realized short-term capital gains

0.0000

0.00%

Net realized long-term capital gains

0.0000

0.00%

Return of capital or other sources of capital

0.3454

54.83%

Total (per common share)

0.6300

100.00%

The Fund estimates that its distributions exceed its income; therefore, a portion of your distribution may be a return of capital. For example, a return of capital may occur when some or all of the money you invested in the fund is paid back to you. Capital allocation returns do not necessarily reflect the fund's investment performance and should not be confused with “yield” or “income.”

The timing and characteristics of federal income tax distributions are determined based on income tax regulations, which may differ from GAAP. Therefore, all or part of the distribution may be reported as taxable income on your 2024 federal income tax return. The final tax characterization of any distributions announced in 2024 will be January 2025 and report to you IRS Forms 1099-DIV.

The amounts and sources of distributions reported in this 19(a) Notice are estimates only and are not used for tax reporting purposes. The actual amounts and sources of amounts used for tax reporting purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may change in accordance with tax regulations. The Fund will send you Form 1099-DIV for that calendar year, which will tell you how to report these distributions for federal income tax purposes.

Presented below are return data based on changes in the Fund's net asset value per share (“NAV”) as compared to the annualized distribution rate of the current distribution, expressed as a percentage of the NAV on the last day of the month prior to the distribution on the record date.

Fund performance and allocation information

Year-to-date fiscal (11/1/23 「March 31, 24)

Annualized distribution rate as a percentage of net worth^

10.97%

Net asset value cumulative distribution rate^

5.48%

Cumulative total return on net asset value

23.35%

Average annual NAV total return for the 5-year period ended March 31, 2024

-2.57%

^ Based on the fund’s net asset value to date March 31, 2024.

Fiscal year-to-date cumulative returns are based on changes in NAV, including distributions paid and assuming reinvestment
These allocations for the period November 1, 2023 to November 1, 2023 March 31, 2024.

5-year average annual total return based on change in NAV, includes distributions paid and assumes reinvestment
These allocations are made on the last working day of the month prior to the current allocation record date.

While NAV performance may indicate a fund's investment performance, it does not measure the value of a shareholder's investment in the fund. The value of a shareholder's investment in a fund is determined by the fund's market price, which is based on the supply and demand for fund shares in the open market. Past performance is no guarantee of future results. Shareholders should not draw any conclusions about the Fund’s investment performance based on the amount of this distribution or the terms of the Fund’s management distribution plan.

also, board of trustees Review the amount of any potential distributions as well as income, capital gains or available capital. Board of Directors The Fund's allocation levels will continue to be monitored and will take into account the Fund's net asset value and financial market conditions.The Fund’s distribution policy may be modified by the IMF board of trustees at any time. The distribution rate should not be considered a dividend yield or a total return on an investment in the Fund.

Please keep this file for your records.

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

Major Real Estate Investors LLC He is the investment sub-adviser of the Fund. Major Real Estate Investors LLC Not affiliated with ALPS Advisors, Inc. or any of its affiliates.

ALPS Portfolio Solutions Reseller Company Be a member of FINRA.

registered representative alpine dealers corp.

PRE000413 April 30, 2025

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