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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) 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%.
The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share, paid on January 31, 2023, to shareholders of record on January 13, 2023. This distribution is part of the Fund's managed distribution plan, reflecting a combination of net investment income and return of capital. Specifically, 61.33% of the distribution is attributed to net investment income, while 38.67% is classified as a return of capital. The Fund also noted its annualized distribution rate as 10.02% based on the NAV as of December 31, 2022, with average annual total return over the last five years at -0.87%.
On January 3, 2023, Principal Real Estate Income Fund (PGZ) declared monthly distributions of $0.105 per common share, corresponding to an annualized rate of 10.01% based on its $12.59 net asset value as of December 29, 2022. Notable distribution dates include: Ex dates on February 9, March 16, and April 13, 2023; Record dates on February 10, March 17, and April 14, 2023; and Payable dates on February 28, March 31, and April 28, 2023. The press release cautions investors about risks associated with investment in the Fund and clarifies that past performance does not guarantee future results.
The Board of Trustees of Principal Real Estate Income Fund has approved a renewal of its share repurchase program, allowing for the buyback of up to 3.5% of its outstanding common shares starting January 21, 2023, through January 21, 2024. This initiative aims to enhance shareholder value and reduce the market price discount relative to the fund's net asset value (NAV). The program will be executed at the Advisor's discretion, though no specific purchase levels or amounts are guaranteed.
The Principal Real Estate Income Fund (NYSE: PGZ) announced a distribution of $0.1050 per share on November 30, 2022, to shareholders recorded by November 15, 2022, as part of its managed distribution plan. The distribution sources include 7.71% from net investment income and 92.29% as return of capital. The fund clarified that a portion of this distribution might reflect a return of capital rather than investment performance. Tax reporting for the distribution will be finalized in January 2023, with Form 1099-DIV provided for federal income tax purposes.
The Principal Real Estate Income Fund (PGZ) announced monthly distributions of $0.105 per common share, reflecting an annualized distribution rate of 9.64% based on a net asset value of $13.07 as of September 30, 2022. Key distribution dates are set for November, December 2022, and January 2023. The Fund emphasizes that investing involves risks, including potential loss of the investment and market fluctuations affecting net asset value. Shareholders will receive tax characterization information in early 2023.
Principal Real Estate Income Fund (PGZ) announced monthly distributions of $0.105 per share, equating to an annualized distribution rate of 8.50%, based on a net asset value share price of $14.82 as of June 27, 2022. The distributions have specific ex, record, and payable dates, with payments beginning August 31, 2022. The release notes the associated risks, including potential lack of returns and market fluctuations. Investors should consider investment objectives and risks carefully before investing in the Fund.
Principal Real Estate Income Fund, traded as PGZ, announces a 5.00% increase in monthly distributions to $0.105 per share starting May, reflecting an annualized distribution rate of 7.37% based on the current net asset value of $17.09 as of March 29, 2022. Key distribution dates include Ex Date on May 12, Record Date on May 13, and Payable Date on May 31. The Fund highlights that investments carry risks, including potential loss of capital, and should be considered for long-term objectives only.
Principal Real Estate Income Fund (PGZ) announces a 14.29% increase in monthly distributions to $0.10 per share starting in February. This adjustment reflects an annualized distribution rate of 6.75%, based on a net asset value share price of $17.79 as of December 27, 2021. Relevant distribution dates are provided for February to April 2022. Investors are reminded of the inherent risks, including potential investment losses, fluctuating net asset values, and reliance on various income sources for distributions. Investing in the Fund is recommended as a long-term strategy.
The Principal Real Estate Income Fund (NYSE:PGZ) declared a distribution of $0.0875 per share on November 30, 2021, for shareholders of record as of November 12, 2021. The distribution consists of 40.16% from net investment income ($0.03510) and 59.84% as return of capital ($0.05240). The Fund's fiscal year-to-date cumulative distribution is 0.49%, with an annualized distribution rate of 5.91%. Shareholders should note that returns of capital may not reflect investment performance and the actual tax implications will be determined in January 2022.
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