Principal Real Estate Income Fund Announces Results of Annual Shareholder Meeting
July 09 2018 - 7:00AM
Business Wire
Principal Real Estate Income Fund (NYSE: PGZ) (the “Fund”) held
its annual shareholder meeting (the “Meeting”) on July 6, 2018, as
adjourned, at which shareholders voted to approve the election of
Rick Pederson and Jeremy Held* as trustees of the Fund, a new
investment advisory agreement between the Fund and ALPS Advisors,
Inc. (“ALPS”), and a new investment sub-advisory agreement between
ALPS and Principal Real Estate Investors, LLC (“Principal”), with
respect to the Fund.
The new investment advisory and sub-advisory agreements were
presented to shareholders in connection with the recently completed
transaction in which DST Systems, Inc., the parent company of ALPS,
was acquired by SS&C Technologies Holdings, Inc. (the
“Transaction”). The consummation of the Transaction on April 16,
2018 caused the termination of the Fund’s investment advisory and
sub-advisory agreements that had been in place with respect to ALPS
and Principal, respectively, since the Fund’s commencement of
operations. Beginning on April 16, 2018 and until the Meeting, ALPS
and Principal served in their respective roles with the Fund
pursuant to interim investment advisory and sub-advisory
agreements. Except for the commencement dates, each of the new
advisory and sub-advisory agreements have materially the same terms
as the corresponding agreements in effect prior to the consummation
of the Transaction.
Principal Real Estate Income Fund
The investment objective of the Fund is to seek to provide high
current income, with capital appreciation as a secondary objective,
by investing in commercial real estate related securities. The Fund
had approximately $198.2 of total assets and 6.9 million shares of
common stock outstanding as of June 30, 2018.
The Fund is a closed-end fund and does not continuously issue
stock for sale as open-end mutual funds do. The Fund now trades in
the secondary market. Investors wishing to buy or sell stock need
to place orders through an intermediary or broker. The share price
of a closed-end fund is based on the market value.
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain an
annual report or semi-annual report which contains this and other
information, click here or call 1-800-241-1850. Read them carefully
before investing.
*Jeremy Held is a Registered Representative of ALPS
Distributors, Inc. and ALPS Portfolio Solutions Distributors.
Principal Real Estate Investors, LLC is the investment
sub-adviser to the Fund. Principal is not affiliated with ALPS or
any of its affiliates.
ALPS Advisors, Inc., ALPS Distributors, Inc. and ALPS Portfolio
Solutions Distributors are affiliated.
ALPS Portfolio Solutions Distributor, Inc., FINRA Member.
Secondary market support provided to the Fund by ALPS Fund
Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor,
Inc., a FINRA member.
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version on businesswire.com: https://www.businesswire.com/news/home/20180709005181/en/
SS&C TechnologiesJen Molgano, +1 617-648-0948Public
Relationsjmolgano@sscinc.comorPrincipal Real Estate
InvestorsJaime Naig, +1
515-247-0798naig.jaime@principal.comorALPSPatricia Lobato,
+1 303-623-2577patricia.lobato@alpsinc.com
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