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 $0.145 per common share, payable
on the dates noted below. Based on the Fund’s current share price of
$17.87 (as of market close on July 29, 2015), the distributions
represent an annualized distribution rate of 9.74%.
The following dates apply to the distributions declared:
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Ex Date
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Record Date
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Payable Date
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August 13, 2015
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August 17, 2015
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August 27, 2015
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September 10, 2015
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September 14, 2015
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September 24, 2015
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October 15, 2015
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October 19, 2015
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October 29, 2015
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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
2016, 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.
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.
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
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 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 $59.2 billion in
commercial real estate assets, as of March 31, 2015. 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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