Principal Real Estate Income Fund Announces Notification of Sources of Distribution
The Principal Real Estate Income Fund (NYSE: PGZ) has announced its distribution details for October 31, 2024. Shareholders of record as of October 17, 2024, received $0.1050 per share. The distribution sources include 54.48% from net investment income ($0.0572) and 45.52% from return of capital ($0.0478). For the fiscal year-to-date, cumulative distributions comprise 46.84% from net investment income and 53.16% from return of capital. The Fund's performance shows a 39.59% cumulative total return on NAV for the fiscal year, while the 5-year average annual total return stands at -2.15%.
Il Principal Real Estate Income Fund (NYSE: PGZ) ha annunciato i dettagli della sua distribuzione per il 31 ottobre 2024. Gli azionisti registrati al 17 ottobre 2024 hanno ricevuto $0.1050 per azione. Le fonti di distribuzione includono 54.48% da reddito netto da investimenti ($0.0572) e 45.52% da restituzione di capitale ($0.0478). Fino ad oggi nell'anno fiscale, le distribuzioni cumulate comprendono 46.84% da reddito netto da investimenti e 53.16% da restituzione di capitale. La performance del fondo mostra un 39.59% di ritorno totale cumulativo sul NAV per l'anno fiscale, mentre il rendimento totale annuale medio su 5 anni si attesta a -2.15%.
El Principal Real Estate Income Fund (NYSE: PGZ) ha anunciado los detalles de su distribución para el 31 de octubre de 2024. Los accionistas registrados a partir del 17 de octubre de 2024 recibieron $0.1050 por acción. Las fuentes de distribución incluyen 54.48% de ingresos netos por inversiones ($0.0572) y 45.52% de retorno de capital ($0.0478). Hasta la fecha, las distribuciones acumuladas del año fiscal constan de 46.84% de ingresos netos por inversiones y 53.16% de retorno de capital. El rendimiento del fondo muestra un 39.59% de retorno total acumulado sobre el NAV para el año fiscal, mientras que el rendimiento total anual promedio a 5 años se sitúa en -2.15%.
프린시펄 리얼 에스테이트 인컴 펀드(NYSE: PGZ)는 2024년 10월 31일 배당 세부 사항을 발표했습니다. 2024년 10월 17일 기준의 주주들은 $0.1050 per share를 받았습니다. 배당 출처는 54.48%가 순투자수익($0.0572) 및 45.52%가 자본 환급($0.0478)에서 비롯되었습니다. 회계 연도 현재까지 누적 분배는 46.84%가 순투자수익에서, 53.16%가 자본 환급에서 발생하였습니다. 펀드의 성과는 회계 연도에 대해 39.59%의 총 누적 수익률을 나타내며, 5년 평균 연간 총 수익률은 -2.15%입니다.
Le Principal Real Estate Income Fund (NYSE: PGZ) a annoncé les détails de sa distribution pour le 31 octobre 2024. Les actionnaires enregistrés au 17 octobre 2024 ont reçu $0.1050 par action. Les sources de distribution comprennent 54.48% de revenus nets d'investissement ($0.0572) et 45.52% de retour de capital ($0.0478). Pour l'année fiscale en cours, les distributions cumulées se composent de 46.84% de revenus nets d'investissement et 53.16% de retour de capital. La performance du fonds montre un 39.59% de retour total cumulé sur le NAV pour l'année fiscale, tandis que le rendement total annuel moyen sur 5 ans s'élève à -2.15%.
Der Principal Real Estate Income Fund (NYSE: PGZ) hat die Verteilungsdetails für den 31. Oktober 2024 bekannt gegeben. Aktionäre, die bis zum 17. Oktober 2024 registriert sind, haben $0.1050 pro Aktie erhalten. Die Verteilungsquellen setzen sich aus 54.48% aus Nettoeinnahmen aus Investitionen ($0.0572) und 45.52% aus Kapitalrückzahlungen ($0.0478) zusammen. Für das laufende Geschäftsjahr bestehen die kumulierten Ausschüttungen aus 46.84% aus Nettoeinnahmen aus Investitionen und 53.16% aus Kapitalrückzahlungen. Die Performance des Fonds zeigt eine 39.59% kumulierte Gesamtrendite auf das NAV für das Geschäftsjahr, während die durchschnittliche jährliche Gesamtrendite über 5 Jahre bei -2.15% liegt.
- Strong fiscal year-to-date cumulative total return on NAV of 39.59%
- Consistent distribution maintained at $0.1050 per share
- 54.48% of current distribution comes from net investment income
- Negative 5-year average annual total return of -2.15%
- 45.52% of current distribution represents return of capital, indicating distribution exceeds earnings
- 53.16% of fiscal year-to-date distributions come from return of capital
Insights
This distribution announcement reveals important financial metrics for PGZ fund investors. The fund distributed
The high return of capital component (
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. In accordance with generally accepted accounting principles ("GAAP"), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: | ||
Per Share ($) | % | |
Net Investment Income | 0.0572 | 54.48 % |
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 | 0.0478 | 45.52 % |
Total (per common share) | 0.1050 | 100.00 % |
Fiscal Year-to-Date Cumulative | ||
Distributions from: | ||
Per Share ($) | % | |
Net Investment Income | 0.5902 | 46.84 % |
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 | 0.6698 | 53.16 % |
Total (per common share) | 1.2600 | 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 (11/1/23 – 9/30/24) | |
Annualized Distribution Rate as % of NAV^ | 10.29 % |
Cumulative Distribution Rate on NAV^ | 10.29 % |
Cumulative Total Return on NAV* | 39.59 % |
Average Annual Total Return on NAV for the 5 Year Period Ended 9/30/2024** | -2.15 % |
^ Based on the Fund's NAV as of September 30, 2024. |
*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period November 1, 2023 through September 30, 2024. |
**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and is through the last business day of the month prior to the month of the current distribution record date. |
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.
PRE000430 10/31/2025
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SOURCE Principal Real Estate Income Fund
FAQ
What is the current distribution amount for Principal Real Estate Income Fund (PGZ)?
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What percentage of PGZ's current distribution comes from return of capital?
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