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The Principal Real Estate Income Fund (NYSE: PGZ) is a closed-end investment fund tailored to provide long-term capital appreciation and current income through investments in real estate securities. Managed by Principal Real Estate Investors LLC, a prominent subsidiary of Principal Global Investors, and advised by ALPS Advisors, Inc., the Fund focuses on a diversified portfolio that includes both public and private real estate equity and debt investments.
Since its inception, the Fund has been dedicated to boosting shareholder value through disciplined investment strategies and diligent risk management. With a current net asset value (NAV) per share of $10.90 as of December 28, 2023, PGZ has announced a consistent monthly distribution rate of $0.105 per common share. This translates to an annualized distribution rate of 11.56%, offering attractive returns for long-term investors.
Investors should note that the Fund operates under a managed distribution plan, wherein distributions may come from various sources including net investment income, realized capital gains, or return of capital. Shareholders receive detailed tax reporting annually via Form 1099-DIV to clarify the nature of these distributions.
PGZ's investment strategy leverages its expertise in commercial real estate, seeking opportunities in both equity and debt markets. However, potential investors should be aware of inherent risks, such as fluctuations in real estate values and rental rates influenced by broader economic conditions. The Fund employs leverage to enhance returns, which can amplify both gains and losses.
Recent achievements include the re-election of Trustees Rick A. Pederson and Jeremy Held, emphasizing stable and experienced governance. Furthermore, the Fund's performance and distribution policies are continuously reviewed by its Board of Trustees to adapt to market conditions.
On the operational front, the Fund has consistently communicated through regular press releases, ensuring transparency about distribution sources and NAV performance. This proactive communication aligns with its commitment to shareholder engagement and regulatory compliance.
Overall, the Principal Real Estate Income Fund stands as a robust vehicle for investors seeking exposure to the commercial real estate sector, blending income generation with potential capital appreciation. Its strategic management and focused investment philosophy make it a noteworthy option for enhancing diversified investment portfolios.
The Principal Real Estate Income Fund (NYSE:PGZ) has announced its distribution details for November 22, 2024. Shareholders of record as of November 8, 2024, received $0.1050 per share. The distribution breakdown shows that 8.29% comes from net investment income, while 91.71% is classified as return of capital. The Fund's performance metrics reveal a cumulative total return on NAV of 36.35% for the fiscal year-to-date, but a negative 5-year average annual total return of -3.05%. The current annualized distribution rate stands at 10.63% of NAV.
The Principal Real Estate Income Fund (NYSE: PGZ) has announced its distribution details for October 31, 2024. Shareholders of record as of October 17, 2024, received $0.1050 per share. The distribution sources include 54.48% from net investment income ($0.0572) and 45.52% from return of capital ($0.0478). For the fiscal year-to-date, cumulative distributions comprise 46.84% from net investment income and 53.16% from return of capital. The Fund's performance shows a 39.59% cumulative total return on NAV for the fiscal year, while the 5-year average annual total return stands at -2.15%.
Principal Real Estate Income Fund (NYSE: PGZ) has declared monthly distributions of $0.105 per common share, payable in November 2024, December 2024, and January 2025. Based on the Fund's current net asset value share price of $12.22 (as of September 26, 2024), these distributions represent an annualized distribution rate of 10.31%.
The Fund is designed as a long-term investment and involves risks, including potential loss of investment and exposure to below-investment grade investments. The Fund's net asset value and distribution rate may be affected by various factors, including market conditions and leverage use. Distributions may include net investment income, capital gains, and return of capital. Investors are advised to carefully consider the risks and investment objectives before investing.
The Fund trades on the secondary market as a closed-end fund, and share prices are based on market value. ALPS Advisors, Inc. serves as the investment adviser, while Principal Real Estate Investors is the sub-adviser.
The Principal Real Estate Income Fund (NYSE:PGZ) has announced the sources of its distribution paid on September 30, 2024, of $0.1050 per share to shareholders of record as of September 16, 2024. The distribution breakdown is as follows:
- 45.90% from Net Investment Income
- 54.10% from Return of Capital or other Capital Source
The Fund's fiscal year-to-date cumulative distribution shows similar proportions. The Fund estimates it has distributed more than its income, indicating a portion of the distribution may be a return of capital. The annualized distribution rate is 10.54% of NAV, with a cumulative total return on NAV of 35.03% for the fiscal year-to-date. However, the average annual total return on NAV for the 5-year period ended August 31, 2024, is -2.52%.
The Principal Real Estate Income Fund (NYSE:PGZ) has announced its distribution sources for the payment of $0.1050 per share on August 30, 2024. The distribution breakdown is as follows:
- 34.00% from Net Investment Income
- 66.00% from Return of Capital or other Capital Source
The Fund's fiscal year-to-date cumulative distribution shows 46.17% from Net Investment Income and 53.83% from Return of Capital. The Fund's annualized distribution rate is 10.86% of NAV, with a cumulative total return on NAV of 29.74% for the fiscal year. However, the 5-year average annual total return on NAV is -2.67%. Shareholders are cautioned that the distribution may include a return of capital, which does not reflect the Fund's investment performance.
The Principal Real Estate Income Fund (NYSE:PGZ) has announced its distribution sources for July 31, 2024. Shareholders of record on July 17, 2024, received $0.1050 per share. The distribution breakdown is as follows:
- 66.10% from Net Investment Income
- 33.90% from Return of Capital or other Capital Source
The Fund's fiscal year-to-date performance shows a cumulative total return on NAV of 26.14%. However, the 5-year average annual total return is -3.05%. The current annualized distribution rate is 11.06% of NAV. Investors should note that the Fund has distributed more than its income, indicating a portion of the distribution may be a return of capital.
Principal Real Estate Income Fund (PGZ), listed on the NYSE, has announced monthly distributions of $0.105 per share, with an annualized distribution rate of 11.11% based on the current NAV of $11.34 as of June 26, 2024. The distribution dates are set for August 30, September 30, and October 31, 2024. Investors are advised to consider the risks, including potential loss of investment and exposure to below-investment-grade investments. Share prices may fluctuate due to the Fund's use of leverage and market conditions. Additional details and tax information will be provided in early 2025 via Form 1099-DIV. For full reports and more information, visit www.principalcef.com.
The Principal Real Estate Income Fund (NYSE: PGZ) announced a distribution of $0.1050 per share paid on May 31, 2024, under its managed distribution plan. This distribution includes 49.33% from net investment income and 50.67% from return of capital, indicating the fund has distributed more than its income. Fiscal year-to-date, the fund has distributed $0.7350 per share, with 45.77% from net investment income and 54.23% from return of capital. The fund's annualized distribution rate as a percentage of NAV is 11.34%, while its cumulative total return on NAV is 20.54%. However, the average annual total return on NAV over five years is -3.22%. The distribution may be partially taxable and the final tax character will be reported in January 2025.
The Principal Real Estate Income Fund (NYSE: PGZ) has announced the sources of a distribution paid on April 30, 2024, of $0.1050 per share to shareholders of record as of April 16, 2024. The distribution comprised net investment income, return of capital, and no realized capital gains. The Fund may have distributed more than its income, and a portion may be a return of capital. Shareholders should be aware of the tax implications and the performance of the Fund.
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