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PRINCIPAL REAL ESTATE INCOME FUND - PGZ STOCK NEWS

Welcome to our dedicated page for PRINCIPAL REAL ESTATE INCOME FUND news (Ticker: PGZ), a resource for investors and traders seeking the latest updates and insights on PRINCIPAL REAL ESTATE INCOME FUND stock.

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.

News

Principal Real Estate Fund Announces Notification of Sources of Distribution

Rhea-AI Summary
The Principal Real Estate Income Fund (PGZ) has announced a distribution of $0.1050 per share to shareholders, with 42% from net investment income and 58% from return of capital. The Fund may have distributed more than its income, potentially resulting in a return of capital to investors. Tax implications and fund performance data are also provided in the press release.
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Principal Real Estate Fund Announces Notification of Sources of Distribution

Rhea-AI Summary
Principal Real Estate Income Fund (PGZ) announces a distribution of $0.1050 per share to shareholders, with 63.71% sourced from return of capital. The Fund cautions that a return of capital does not reflect investment performance. Federal income tax implications and estimated distribution sources are provided, with the NAV performance showing a 19.50% cumulative total return.
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Principal Real Estate Fund Announces Notification of Sources of Distribution

Rhea-AI Summary
The Principal Real Estate Income Fund (PGZ) announced a distribution of $0.1050 per share to shareholders of record at the close of business on January 17, 2024. The estimated sources of distribution include net investment income, net realized short-term capital gain, net realized long-term capital gain, and return of capital. The Fund has distributed more than its income, and a portion of the distribution may be a return of capital. The fiscal year-to-date cumulative distribution amounts to $0.3150 per common share. The Fund's performance shows an annualized distribution rate of 11.61% of NAV, a cumulative distribution rate on NAV of 2.90%, and a cumulative total return on NAV of 12.95% for the period from November 1, 2023, to December 31, 2023. The 5-year average annual total return on NAV is -2.17%.
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PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE

Rhea-AI Summary
Principal Real Estate Income Fund (PGZ) announces monthly distributions of $0.105 per common share, with an annualized distribution rate of 11.56%. The Fund's net asset value share price is $10.90, and the distributions are payable on February 29, 2024, March 28, 2024, and April 30, 2024.
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Principal Real Estate Fund Announces Notification of Sources of Distribution

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Principal Real Estate Income Fund (NYSE:PGZ) distributed $0.1050 per share to shareholders of record on December 14, 2023. The distribution sources include net investment income, net realized short-term capital gain, net realized long-term capital gain, and return of capital. The fund has distributed more than its income, and a portion of the distribution may be a return of capital. Shareholders may expect taxable income on their 2023 federal income tax return. The fund's NAV performance indicates a 12.15% annualized distribution rate as % of NAV and a cumulative total return on NAV of 6.78%.
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PRINCIPAL REAL ESTATE INCOME FUND CONTINUES SHARE REPURCHASE PROGRAM

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Principal Real Estate Income Fund (PRIF) Announces Renewal of Share Repurchase Program
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Principal Real Estate Fund Announces Notification of Sources of Distribution

Rhea-AI Summary
The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share to shareholders of record at the close of business on November 15, 2023, pursuant to the Fund's managed distribution plan. The distribution consists of 20.67% net investment income and 79.33% return of capital or other capital source. The Fund's fiscal year-to-date cumulative distribution amount per share is 0.1050. The Fund's performance shows a 12.83% annualized distribution rate as a percentage of the NAV on the last day of the month prior to the distribution record date.
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Principal Real Estate Fund Announces Notification of Sources of Distribution

Rhea-AI Summary
The Principal Real Estate Income Fund (NYSE:PGZ) has announced a distribution of $0.1050 per share to shareholders of record on October 17, 2023. The distribution consists of 52.57% net investment income and 47.43% return of capital or other capital source. The Fund estimates that it has distributed more than its income, indicating a return of capital. Shareholders should be aware that a portion of the distribution may be reportable as taxable income on their 2023 federal income tax return.
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PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE

Rhea-AI Summary
Principal Real Estate Income Fund (PGZ) declares monthly distributions of $0.105 per share, representing an annualized distribution rate of 12.26%.
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Principal Real Estate Fund Announces Notification of Sources of Distribution

Rhea-AI Summary
Principal Real Estate Income Fund announces sources of distribution of $0.1050 per share to shareholders of record on September 15, 2023.
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FAQ

What is the current stock price of PRINCIPAL REAL ESTATE INCOME FUND (PGZ)?

The current stock price of PRINCIPAL REAL ESTATE INCOME FUND (PGZ) is $10.54 as of November 20, 2024.

What is the market cap of PRINCIPAL REAL ESTATE INCOME FUND (PGZ)?

The market cap of PRINCIPAL REAL ESTATE INCOME FUND (PGZ) is approximately 70.6M.

What is the Principal Real Estate Income Fund?

The Principal Real Estate Income Fund (NYSE: PGZ) is a closed-end investment fund focused on providing long-term capital appreciation and current income through investments in real estate securities.

What is the distribution rate of PGZ?

As of market close on December 28, 2023, PGZ has a monthly distribution rate of $0.105 per common share, which represents an annualized distribution rate of 11.56%.

What are the risks associated with investing in PGZ?

Investing in PGZ involves risks such as fluctuations in real estate values, rental rates, and broader economic conditions. Additionally, the use of leverage can magnify both gains and losses.

Who manages the Principal Real Estate Income Fund?

The Fund is managed by Principal Real Estate Investors LLC, with ALPS Advisors, Inc. acting as the investment adviser.

How are distributions from PGZ characterized for tax purposes?

Distributions can include net investment income, realized capital gains, or return of capital. Detailed tax reporting is provided annually via Form 1099-DIV.

What recent governance updates have been made by PGZ?

Rick A. Pederson and Jeremy Held were re-elected as Trustees for a three-year term during the Annual Meeting of Shareholders held on April 12, 2024.

How does the Fund communicate its performance to shareholders?

PGZ regularly issues press releases to communicate distribution sources and NAV performance, ensuring transparency and keeping shareholders informed.

What is the current net asset value (NAV) per share of PGZ?

As of December 28, 2023, the current net asset value (NAV) per share of PGZ is $10.90.

How can one invest in PGZ?

Since PGZ is a closed-end fund, shares are traded in the secondary market. Investors can buy or sell shares through an intermediary or broker.

What is the investment philosophy of Principal Real Estate Income Fund?

The Fund aims to enhance shareholder value through disciplined investment strategies and diligent risk management, focusing on a diversified portfolio including real estate equity and debt investments.

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PRINCIPAL REAL ESTATE INCOME FUND

NYSE:PGZ

PGZ Rankings

#4619 Ranked by Market Cap
N/A Ranked by Dividends

PGZ Stock Data

70.56M
6.81M
0.08%
28.42%
0.26%
Asset Management
Financial Services
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United States of America
Denver