Principal Real Estate Income Fund (the “Fund”), which is traded
on the New York Stock Exchange under the symbol “PGZ,” announced
the declaration of monthly distributions of $0.14 per common share,
payable on the dates noted below. Based on the Fund’s current share
price of $19.16 (as of market close on July 30, 2014), the
distributions represent an annualized distribution rate of
8.77%.
The following dates apply to the distributions declared:
Ex
Date Record Date Payable
Date August 14, 2014 August 18, 2014
August 28, 2014 September 11, 2014
September 15, 2014 September 25, 2014
October 16, 2014 October 20, 2014
October 30, 2014
RISKS
This press release is not for tax reporting purposes but is
being provided to announce the amount of the Fund’s distributions.
In early 2015, after definitive information is available, the Fund
will send shareholders a Form 1099-DIV, if applicable, specifying
how the distributions paid by the Fund during the prior calendar
year should be characterized for purposes of reporting the
distributions on a shareholder’s tax return (e.g., ordinary income,
long-term capital gain or return of capital). An investment in the
Fund is not appropriate 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 vehicle.
Investing in the Fund involves risks, including the risk that
you may receive little or no return on your investment or that you
may lose part or even all of your investment and exposure to
below-investment grade investments (i.e., “junk bonds”). The Fund’s
net asset value will vary and its distribution rate may vary and
both may be affected by numerous factors, including changes in the
market spread over a specified benchmark, market interest rates and
performance of the broader equity markets. Fluctuations in net
asset value may be magnified as a result of the Fund’s use of
leverage. Therefore, before investing you should carefully consider
the risks that you assume when you invest in the Fund's common
shares.
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, declines in the
value of real estate, declines in rental or occupancy rates and
risks related to general and local economic conditions.
The Fund's investment objectives and policies are not designed
to seek to return the initial investment to investors that purchase
shares.
Sources of distributions to shareholders may include net
investment income, net realized short-term capital gains, net
realized long-term capital gains and return of capital. The actual
amounts and sources of the amounts for tax reporting purposes will
depend upon the Fund’s investment experience during the remainder
of its fiscal year and may be subject to changes based on tax
regulations. If a distribution includes anything other than net
investment income, the fund provides a Section 19(a) notice of the
best estimate of its distribution sources at that time, available
at www.principalcef.com. These estimates may not match the final
tax characterization (for the full year’s distributions) contained
in shareholders’ 1099-DIV forms after the end of the year. The rate
is the monthly distribution per share times 12, divided by the end
of month market price.
Past performance is not guarantee of future results.
Investors should consider the Fund's investment objectives,
risks, charges and expenses carefully before investing. The
prospectus contains this and other information about the fund. For
more complete information about the Fund or to obtain a copy of the
prospectus, call your financial professional, visit the Fund’s site
at www.principalcef.com or call 855.838.9485. Please
read the prospectus carefully before investing.
Shares of closed-end investment companies frequently trade at a
discount from their net asset value and initial offering prices.
The risks associated with this characteristic of closed-end
investment companies may be greater for investors expecting to sell
their shares in a relatively short period after completion of the
initial public offering.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
The Fund is a closed-end fund and does not continuously issue
shares for sale as open-end mutual funds do. Since the initial
public offering, the Fund now trades in the secondary market.
Investors wishing to buy or sell shares need to place orders
through an intermediary or broker. The share price of a closed-end
fund is based on the market's value.
ALPS Advisors, Inc. is the investment adviser to the Fund.
Principal Real Estate Investors LLC is the investment
sub-adviser to the Fund. Principal Real Estate Investors LLC is not
affiliated with ALPS Advisors, Inc. or any of its affiliates.
About ALPS - Advisor for the Fund
ALPS provides customized asset servicing and asset gathering
solutions to the financial services community through an
entrepreneurial culture based on the commitment to “Do Things
Right.” Founded in 1985, ALPS continues to actively promote all of
its various business segments, from asset servicing through ALPS
Fund Services, Inc. to asset gathering through ALPS Portfolio
Solutions Distributor, Inc., ALPS Distributors, Inc. and ALPS
Advisors, Inc. Headquartered in Denver, with offices in Boston, New
York, Seattle, and Toronto, ALPS, a wholly‐owned subsidiary of DST
Systems, Inc., today represents more than 400 employees, over 200
clients, and an executive team that has been in place for more than
18 years. For more information about ALPS and its services, visit
www.alpsinc.com. Information about ALPS products is available at
www.alpsfunds.com.
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $50.5
billion in commercial real estate assets, as of March 31, 2014. The
firm’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®.
ALPS, A DST CompanyPatricia Lobato,
720-917-0644www.alpsinc.comorPrincipal Real Estate
InvestorsJaime
Naig, 515-247-0798naig.jaime@principal.com
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