Principal Real Estate Income Fund Declares Monthly Distributions of $0.11 Per Share
July 12 2019 - 4:30PM
Business Wire
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 $21.63 (as of market close on July 1,
2019), the distributions represent an annualized distribution rate
of 6.10%.
The following dates apply to the distributions declared:
Ex Date
Record Date
Payable Date
August 14, 2019
August 15, 2019
August 30, 2019
September 16, 2019
September 17, 2019
September 30, 2019
October 14, 2019
October 15, 2019
October 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.
About 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 18,000 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. For more information, visit www.ssctech.com.
About ALPS Advisors
ALPS Advisors, Inc., a wholly owned subsidiary of SS&C
Technologies, Inc., is a leading provider of investment products
for advisors and institutions. With over $14 billion in assets
under management (as of 6/30/2019), the firm provides access to
asset classes and boutique asset managers in real assets,
alternatives, thematic/factor and fixed income through both ETF and
open-end mutual fund structures. For more information, visit
www.alpsfunds.com.
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $79.4
billion in commercial real estate assets, as of March 31, 2019. 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/20190712005036/en/
Media Contact: Dennis Emanuel* Director of ETF and CEF
Strategy ALPS Advisors 914.837.4672 dennis.emanuel@alpsinc.com
*Registered Representative of ALPS Distributors, Inc.
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