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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 (symbol: PGZ) has announced a 2.94% increase in its monthly distribution, raising it to $0.0875 per share starting November 2021. This adjustment reflects an annualized distribution rate of 6.02%, based on a net asset value share price of $17.43 as of September 27, 2021. Distribution dates include Ex Date on November 10, Record Date on November 12, and Payable Date on November 30. Risks associated with Fund investments include potential loss of investment and varying net asset values, especially due to leverage.
The Principal Real Estate Income Fund (PGZ) has announced a 3.03% increase in its monthly distributions, raising it to $0.085 per share starting August. This adjustment equates to an annualized distribution rate of 5.88% based on a net asset value of $17.35 as of June 25, 2021. The fund's distribution dates include Ex Dates on August 16, September 15, and October 14, with corresponding payable dates at the end of each month. Investors are reminded of the risks involved, including potential losses and market volatility.
Principal Real Estate Income Fund (PGZ) announced a 3.125% increase in its monthly distributions to $0.0825 per share, starting in May. With the current net asset value of $15.94 (as of March 26, 2021), this increase translates to an annualized distribution rate of 6.21%. Distribution payments will be made on specified dates in May, June, and July 2021. The Fund advises caution, highlighting various investment risks, including potential loss of capital and variability in distribution rates.
The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.08 per share, payable to shareholders of record on March 17, 2021. This payment is part of the Fund's managed distribution plan. The distribution comprises approximately 78.87% from net investment income, with 21.13% attributed to a return of capital. The Fund's fiscal year-to-date cumulative distribution rate stands at 2.55%, with a cumulative total return on net asset value (NAV) of 17.17%. Shareholders are advised that part of the distribution may be a return of capital.
The Principal Real Estate Income Fund (NYSE: PGZ) announced a distribution of $0.08 per share on February 26, 2021, for shareholders of record as of February 11, 2021. This distribution comprises 89.37% from net investment income and 10.63% as a return of capital. The fund disclosed that it has distributed more than its income, necessitating this return of capital. The fiscal year-to-date cumulative distribution rate stands at 2.07% of NAV, while the annualized distribution rate is 6.21%.
The Principal Real Estate Income Fund (PGZ) has announced monthly distributions of $0.08 per common share, with an annualized rate of 6.42% based on a net asset value of $14.95 as of December 29, 2020. Distribution dates include February 10, 2021 for the ex-date and February 26, 2021 for the payable date. The Fund highlights inherent risks, including potential losses in investment value and reliance on below-investment grade securities. Investors are encouraged to consider risks before investing, as the Fund's performance may vary.
The Board of Trustees of Principal Real Estate Income Fund has approved a share repurchase program to buy back up to 5% of its outstanding common shares starting January 19, 2021, until January 19, 2022. This initiative aims to enhance shareholder value and reduce the discount between the market price and the net asset value (NAV) of the Fund's shares. The program allows targeted repurchases in the open market, potentially increasing NAV and providing liquidity. However, there are no guarantees regarding share purchases or market price increases.
The Principal Real Estate Income Fund (NYSE:PGZ) declared a distribution of $0.08 per share on November 30, 2020, for shareholders recorded as of November 13, 2020. The distribution, part of the Fund's managed distribution plan, includes 45.40% from net investment income and 54.60% classified as return of capital. The Fund has distributed more than its income, which may affect investment performance perceptions. The fiscal year-to-date cumulative distribution rate is 0.58%, with a cumulative total return on net asset value at -33.80%. This information is essential for tax reporting and investor awareness.
The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.11 per share on October 30, 2020, for shareholders on record as of October 16, 2020. This distribution is part of the Fund's managed distribution plan and is mandated by an exemptive order from the U.S. SEC. It includes components from net investment income (49.36%), net realized long-term capital gain (42.55%), and return of capital (8.09%). Fiscal year-to-date, the Fund reported a cumulative total return of -32.25% on its net asset value.
On October 5, 2020, the Principal Real Estate Income Fund (PGZ) declared monthly distributions of $0.08 per common share, with an annualized distribution rate of 6.76%, based on a current net asset value of $14.21. The fund, affected by COVID-19 volatility, faces increased default risk in its Commercial Mortgage Backed Securities portfolio. An update call is scheduled for October 8, 2020, to discuss fund performance and risks. The distribution dates include November 30, December 31, and January 29, 2021.
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