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 $0.11 per common share,
payable on the dates noted below. Based on the Fund’s current net
asset value share price of $20.96 (as of market close on April 1,
2019), the distributions represent an annualized distribution rate
of 6.30%.
The following dates apply to the
distributions declared:
Ex Date Record Date
Payable Date May 16, 2019
May 17, 2019 May 31, 2019 June
13, 2019 June 14, 2019
June 28, 2019 July 16, 2019
July 17, 2019 July 31, 2019
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 2020, 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 a guarantee of
future results.
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 visit www.principalcef.com or call
855.838.9485. Please read them carefully before
investing.
Shares of closed-end investment companies frequently trade at a
discount from their net asset value and initial offering
prices.
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.
ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member
firm.
SS&C Technologies
SS&C is a global provider of investment and financial
software-enabled services and software for the global financial
services and healthcare industries. Founded in 1986, SS&C is
headquartered in Windsor, Connecticut and has offices around the
world. Some 13,000 financial services and healthcare organizations,
from the world's largest institutions to local firms, manage and
account for their investments using SS&C's products and
services.
ALPS Advisors, Inc.
ALPS, which was acquired by SS&C in April 2018, 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 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 $83.7 billion in commercial real estate assets, as of
June 30, 2018. 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®.
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version on businesswire.com: https://www.businesswire.com/news/home/20190404005094/en/
Dennis Emanuel*Director of ETF and CEF StrategyALPS
Advisors914.837.4672dennis.emanuel@alpsinc.com*Registered
Representative of ALPS Distributors, Inc.
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