Principal Real Estate Income Fund Declares Monthly Distributions, Payable on May 28, 2021, June 30, 2021 and July 30, 2021
April 01, 2021 at 04:30 pm EDT
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Principal Real Estate Income Fund announced a 3.125% increase in its monthly distributions to $0.0825 per share beginning in May, payable on the dates noted below. Based on the Fund's current net asset value share price of $15.94 (as of market close on March 26, 2021), the distributions represent an annualized distribution rate of 6.21%. Ex Dates are May 13, 2021, June 15, 2021 and July 15, 2021. Record Dates are May 14, 2021, June 16, 2021 and July 16, 2021. Payable dates are May 28, 2021, June 30, 2021 and July 30, 2021.
Principal Real Estate Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fundâs investment objective is to seek to provide high current income, with capital appreciation as a secondary objective, by investing in commercial real estate-related securities. Under normal market conditions, the Fund invests at least 80% of its total assets in commercial real estate-related securities, primarily consisting of commercial mortgage-backed securities (CMBS) and other United States and non-United States real estate-related securities (primarily real estate investment trusts (REITs) or REIT-like entities). Under normal circumstances, the Fund invests between 40% and 70% of its total assets in CMBS and invests between 30% and 60% in other real estate-related securities (including REITs). The Fund's investment adviser is ALPS Advisors, Inc. The Fund's investment sub-adviser is Principal Real Estate Investors, LLC.
PRINCIPAL REAL ESTATE INCOME FUND 