Press release
PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE
DENVER, July 1, 2024 /PRNewswire/ -- Principal Real Estate Income Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol "PGZ,"
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[{"type":"text","content":"DENVER, July 1, 2024 /PRNewswire/ -- 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 $0.105 per common share, payable on the dates noted below. Based on the Fund's current net asset value share price of $11.34 (as of market close on June 26, 2024), the distributions represent an annualized distribution rate of 11.11%.\n\nThe following dates apply to the distributions declared:\nEx Date\nRecord Date\nPayable Date\nAugust 16, 2024\nAugust 16, 2024\nAugust 30, 2024\nSeptember 16, 2024\nSeptember 16, 2024\nSeptember 30, 2024\nOctober 17, 2024\nOctober 17, 2024\nOctober 31, 2024\n \nRISKS\nThis press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions. In early 2025, 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. \nInvesting 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.\nSecurities 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 ...