PRINCIPAL REAL ESTATE INCOME FUND
The Principal Real Estate Income Fund (NYSE:PGZ) has announced its distribution of $0.1050 per share paid on December 31, 2024. The distribution sources include 63.71% from net investment income and 36.29% from return of capital. For the fiscal year-to-date, cumulative distributions comprise 36% from net investment income and 64% from return of capital. The Fund's performance metrics show an annualized distribution rate of 10.54% of NAV, with a cumulative total return on NAV of 1.92% for the fiscal YTD. However, the Fund's 5-year average annual total return stands at -2.57%.
Il Principal Real Estate Income Fund (NYSE:PGZ) ha annunciato la sua distribuzione di $0.1050 per azione, pagata il 31 dicembre 2024. Le fonti della distribuzione includono 63.71% da reddito da investimenti netto e 36.29% da restituzione di capitale. Fino ad oggi nel l'anno fiscale, le distribuzioni cumulative comprendono 36% da reddito da investimenti netto e 64% da restituzione di capitale. Le metriche di performance del fondo mostrano un tasso di distribuzione annualizzato del 10.54% del NAV, con un rendimento totale cumulativo sul NAV del 1.92% per l'anno fiscale fino ad oggi. Tuttavia, il rendimento totale medio annuale del fondo su un periodo di 5 anni si attesta a -2.57%.
El Principal Real Estate Income Fund (NYSE:PGZ) ha anunciado su distribución de $0.1050 por acción, que se pagará el 31 de diciembre de 2024. Las fuentes de la distribución incluyen 63.71% de ingresos netos por inversiones y 36.29% de devolución de capital. Hasta la fecha en el año fiscal, las distribuciones acumuladas comprenden 36% de ingresos netos por inversiones y 64% de devolución de capital. Las métricas de rendimiento del fondo muestran una tasa de distribución anualizada del 10.54% del NAV, con un rendimiento total acumulado sobre el NAV del 1.92% hasta la fecha del año fiscal. Sin embargo, el rendimiento total medio anual del fondo en un período de 5 años es de -2.57%.
프린시펄 부동산 수익 기금(Principal Real Estate Income Fund, NYSE:PGZ)은 2024년 12월 31일에 지급될 $0.1050 per share의 분배를 발표했습니다. 분배의 출처는 순 투자 수익의 63.71%와 자본 환급의 36.29%를 포함합니다. 회계 연도 기준으로 지금까지의 누적 분배는 순 투자 수익의 36%와 자본 환급의 64%로 구성됩니다. 기금의 성과 지표는 NAV의 10.54%에 해당하는 연간 분배 비율과, 회계 연도 누적 NAV 총 수익률이 1.92%임을 나타냅니다. 그러나 기금의 5년 평균 연간 총 수익률은 -2.57%입니다.
Le Principal Real Estate Income Fund (NYSE:PGZ) a annoncé sa distribution de $0.1050 par action qui sera versée le 31 décembre 2024. Les sources de la distribution comprennent 63.71% de revenus nets d'investissement et 36.29% de remboursement de capital. Pour l'année fiscale à ce jour, les distributions cumulées se composent de 36% de revenus nets d'investissement et 64% de remboursement de capital. Les indicateurs de performance du fonds montrent un taux de distribution annualisé de 10.54% de la valeur nette d'inventaire, avec un rendement total cumulé sur la valeur nette d'inventaire de 1.92% pour l'année fiscale à ce jour. Cependant, le rendement total moyen annuel du fonds sur 5 ans est de -2.57%.
Der Principal Real Estate Income Fund (NYSE:PGZ) hat seine Ausschüttung von $0.1050 pro Aktie, die am 31. Dezember 2024 erfolgt, bekannt gegeben. Die Quellen der Ausschüttung setzen sich aus 63.71% aus Nettoinvestitionserträgen und 36.29% aus Kapitalrückgaben zusammen. Im laufenden Geschäftsjahr machen die kumulierten Ausschüttungen 36% aus Nettoinvestitionserträgen und 64% aus Kapitalrückgaben aus. Die Leistungskennzahlen des Fonds zeigen eine annualisierte Ausschüttungsrate von 10.54% des NAV mit einer kumulierten Gesamtrendite des NAV von 1.92% für das laufende Geschäftsjahr. Der durchschnittliche jährliche Gesamtertrag des Fonds über einen Zeitraum von 5 Jahren liegt jedoch bei -2.57%.
- High annualized distribution rate of 10.54% of NAV
- Positive fiscal YTD cumulative total return of 1.92%
- 63.71% of current distribution comes from net investment income
- Negative 5-year average annual total return of -2.57%
- 36.29% of current distribution represents return of capital, not actual earnings
- 64% of fiscal year-to-date distributions come from return of capital
Insights
The distribution analysis reveals critical insights about PGZ's financial health. The fund's
The fund's performance metrics are concerning, with a
This distribution structure, heavily reliant on return of capital, effectively means investors are receiving their own investment back rather than true investment returns. This could erode the fund's capital base over time if investment performance doesn't improve.
Principal Real Estate Income Fund Announces Notification of Sources of Distribution
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. In accordance with generally accepted accounting principles ("GAAP"), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain,
(iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: | ||
Per Share ($) | % | |
Net Investment Income | 0.0669 | 63.71 % |
Net Realized Short-Term Capital Gain | 0.0000 | 0.00 % |
Net Realized Long-Term Capital Gain | 0.0000 | 0.00 % |
Return of Capital or other Capital Source | 0.0381 | 36.29 % |
Total (per common share) | 0.1050 | 100.00 % |
| ||
Distributions from: | ||
Per Share ($) | % | |
Net Investment Income | 0.0756 | 36.00 % |
Net Realized Short-Term Capital Gain | 0.0000 | 0.00 % |
Net Realized Long-Term Capital Gain | 0.0000 | 0.00 % |
Return of Capital or other Capital Source | 0.1344 | 64.00 % |
Total (per common share) | 0.2100 | 100.00 % |
The Fund estimates that it has distributed more than its income; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.
The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations, which may differ from GAAP. As such, all or a portion of this distribution may be reportable as taxable income on your 2024 federal income tax return. The final tax character of any distribution declared in 2024 will be determined in January 2025 and reported to you on IRS Form 1099-DIV.
The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to distribution record date.
Fund Performance & Distribution Information | |
Fiscal YTD (11/1/24 – 11/30/24) | |
Annualized Distribution Rate as % of NAV^ | 10.54 % |
Cumulative Distribution Rate on NAV^ | 1.76 % |
Cumulative Total Return on NAV* | 1.92 % |
Average Annual Total Return on NAV for the 5 Year Period Ended 11/30/2024** | -2.57 % |
^ Based on the Fund's NAV as of November 30, 2024. |
While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Past performance does not guarantee future results. Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.
Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
Please retain this document for your records.
ALPS Advisors, Inc. is the investment adviser to the Fund.
Principal Real Estate Investors LLC is the investment sub-adviser to the Fund. Principal Real Estate Investors LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.
ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member.
Media Contact:
Christopher Murphy*
Director of Marketing
SS&C ALPS Advisors
720.277.7861
christopher.murphy@sscinc.com
*Registered Representative of ALPS Distributors, Inc.
PRE000435 12/31/2025
View original content:https://www.prnewswire.com/news-releases/principal-real-estate-income-fund-302340699.html
SOURCE Principal Real Estate Income Fund
FAQ
What is the current distribution amount for PGZ stock?
What percentage of PGZ's current distribution comes from net investment income?
What is PGZ's 5-year average annual total return as of November 2024?
What is PGZ's current annualized distribution rate as a percentage of NAV?
What is PGZ's fiscal year-to-date cumulative total return?
