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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.

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Principal Real Estate Income Fund announces notification of sources of distribution
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Principal Real Estate Income Fund (PGZ) has announced monthly distributions of $0.105 per common share, with an annualized distribution rate of 11.49%. The distributions will be payable on various dates throughout August, September, October. The Fund's net asset value share price is $10.97 as of June 28, 2023.
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The Principal Real Estate Income Fund (PGZ) has announced a monthly distribution of $0.105 per common share, translating to an annualized distribution rate of 11.09%, based on a net asset value share price of $11.36 as of March 30, 2023. The distributions are scheduled for May, June, and July 2023, with payment dates following the record dates. Investors should note that this announcement is not for tax reporting purposes, and the actual tax implications will be communicated in 2024. The investment is subject to risks, including market fluctuations and the potential for loss or reduced returns, particularly due to its exposure to below-investment grade investments.

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The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share, payable on March 31, 2023, to shareholders of record as of March 17, 2023. The distribution is part of the Fund's managed distribution plan and is subject to an exemptive order from the U.S. Securities and Exchange Commission. The estimated sources of the distribution include 52.19% from net investment income and 47.81% from return of capital. Notably, a portion of the distribution may be considered a return of capital, which can affect tax reporting. As of February 28, 2023, the annualized distribution rate was 10.34%.

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Pan Global Resources Inc. announced its qualification for trading on the OTCQB Venture Market in the U.S. under the symbol PGZFF. This upgrade from the OTC Pinks to OTCQB enhances the company's visibility and access to U.S. investors, which is crucial as it advances the Escacena Copper Project in southern Spain. The 2023 project involves over 50 drill holes and ongoing exploration at key targets, including La Romana and Zarcita. The listing supports the company’s growth strategy and allows lower-barrier access for investors. Current financial details can be accessed via www.otcmarkets.com.

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The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share on February 28, 2023, to shareholders on record as of February 10, 2023. This distribution is part of the Fund's managed distribution plan. A significant portion of the distribution, 100%, is categorized as a return of capital, indicating that shareholders are receiving back part of their investment rather than income from net investment gain. The Fund's fiscal year-to-date cumulative distributions show a cumulative distribution rate of 2.47% and an annualized distribution rate of 9.89%.

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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 $10.66 as of November 4, 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 71.4M.

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.

PRINCIPAL REAL ESTATE INCOME FUND

NYSE:PGZ

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PGZ Stock Data

71.36M
6.69M
0.08%
28.42%
0.26%
Asset Management
Financial Services
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United States of America
Denver