Principal Real Estate Income Fund Announces Notification of Sources of Distribution
The Principal Real Estate Income Fund (NYSE:PGZ) has announced its distribution sources for July 31, 2024. Shareholders of record on July 17, 2024, received $0.1050 per share. The distribution breakdown is as follows:
- 66.10% from Net Investment Income
- 33.90% from Return of Capital or other Capital Source
The Fund's fiscal year-to-date performance shows a cumulative total return on NAV of 26.14%. However, the 5-year average annual total return is -3.05%. The current annualized distribution rate is 11.06% of NAV. Investors should note that the Fund has distributed more than its income, indicating a portion of the distribution may be a return of capital.
Il Principal Real Estate Income Fund (NYSE:PGZ) ha annunciato le fonti di distribuzione per il 31 luglio 2024. Gli azionisti registrati il 17 luglio 2024, hanno ricevuto $0,1050 per azione. La suddivisione della distribuzione è la seguente:
- 66,10% da Reddito Netto da Investimenti
- 33,90% da Restituzione di Capitale o altre Fonti di Capitale
Le performance dell'anno fiscale del Fondo fino ad oggi mostrano un ritorno cumulativo totale sul NAV del 26,14%. Tuttavia, la media annuale del ritorno totale su 5 anni è -3,05%. L'attuale tasso di distribuzione annualizzato è 11,06% del NAV. Gli investitori devono notare che il Fondo ha distribuito più del proprio reddito, indicando che una parte della distribuzione potrebbe essere una restituzione di capitale.
El Principal Real Estate Income Fund (NYSE:PGZ) ha anunciado sus fuentes de distribución para el 31 de julio de 2024. Los accionistas registrados el 17 de julio de 2024, recibieron $0.1050 por acción. La distribución se desglosa de la siguiente manera:
- 66.10% de Ingresos Netos de Inversión
- 33.90% de Devolución de Capital u Otras Fuentes de Capital
El rendimiento acumulado del año fiscal del Fondo hasta la fecha muestra un retorno total acumulado sobre el NAV del 26.14%. Sin embargo, el retorno total anual promedio a 5 años es -3.05%. La actual tasa de distribución anualizada es 11.06% del NAV. Los inversores deben tener en cuenta que el Fondo ha distribuido más de sus ingresos, lo que indica que una parte de la distribución puede ser una devolución de capital.
프린시펄 부동산 수익 기금(뉴욕증권거래소: PGZ)은 2024년 7월 31일자 배당 소스를 발표했습니다. 2024년 7월 17일 기준 주주들은 $0.1050 주당을 받았습니다. 배당금 세부사항은 다음과 같습니다:
- 66.10% 순 투자 수익에서 발생
- 33.90% 자본 환급 또는 기타 자본 출처에서 발생
기금의 회계 연도 누적 실적은 NAV에 대해 26.14%의 누적 총 수익률을 보이고 있습니다. 그러나 5년 평균 연간 총 수익률은 -3.05%입니다. 현재 연환산 배당률은 NAV의 11.06%입니다. 투자자들은 기금이 수익보다 많은 금액을 배분했다는 점을 유의해야 하며, 이는 배당금의 일부가 자본 환급일 수 있음을 나타냅니다.
Le Principal Real Estate Income Fund (NYSE:PGZ) a annoncé ses sources de distribution pour le 31 juillet 2024. Les actionnaires enregistrés le 17 juillet 2024 ont reçu 0,1050 $ par action. La répartition de la distribution est la suivante :
- 66,10 % issus des Revenus Nets d'Investissement
- 33,90 % issus d'un Retour de Capital ou d'autres Sources de Capital
Les performances cumulées du Fonds depuis le début de l'année fiscale montrent un retour total cumulé sur la NAV de 26,14 %. Cependant, la moyenne annuelle de retour total sur 5 ans est -3,05 %. Le taux de distribution annualisé actuel est de 11,06 % de la NAV. Les investisseurs doivent noter que le Fonds a distribué plus que ses revenus, ce qui indique qu'une partie de la distribution pourrait être un retour de capital.
Der Principal Real Estate Income Fund (NYSE:PGZ) hat seine Verteilungsquellen für den 31. Juli 2024 bekannt gegeben. Aktionäre, die am 17. Juli 2024 eingetragen sind, erhielten 0,1050 $ pro Aktie. Die Verteilung teilt sich wie folgt auf:
- 66,10% aus Nettoinvestitionserträgen
- 33,90% aus Kapitalrückzahlungen oder anderen Kapitalquellen
Die bislang im laufenden Geschäftsjahr erzielte Leistung des Fonds weist eine kumulative Gesamtrendite auf NAV von 26,14% auf. Die durchschnittliche jährliche Gesamtrendite über 5 Jahre beträgt jedoch -3,05%. Der aktuelle annualisierte Verteilungsgrad liegt bei 11,06% des NAV. Anleger sollten beachten, dass der Fonds mehr als sein Einkommen verteilt hat, was darauf hindeutet, dass ein Teil der Verteilung eine Rückzahlung des Kapitals sein könnte.
- Cumulative total return on NAV for the fiscal year-to-date is 26.14%
- Current annualized distribution rate is 11.06% of NAV
- 66.10% of the current distribution comes from Net Investment Income
- 5-year average annual total return is -3.05%
- 33.90% of the current distribution is from Return of Capital or other Capital Source
- Fund has distributed more than its income, indicating potential return of capital
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 ($) | % | |
Net Investment Income | 0.0694 | 66.10 % |
Net Realized Short-Term Capital Gain | 0.0000 | 0.00 % |
Net Realized Long-Term Capital Gain | 0.0000 | 0.00 % |
Return of Capital or other Capital Source | 0.0356 | 33.90 % |
Total (per common share) | 0.1050 | 100.00 % |
Fiscal Year-to-Date Cumulative | ||
Distributions from: | ||
Per Share ($) | % | |
Net Investment Income | 0.4491 | 47.52 % |
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 | 0.4959 | 52.48 % |
Total (per common share) | 0.9450 | 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 – 6/30/24) | |
Annualized Distribution Rate as % of NAV^ | 11.06 % |
Cumulative Distribution Rate on NAV^ | 8.30 % |
Cumulative Total Return on NAV* | 26.14 % |
Average Annual Total Return on NAV for the 5 Year Period Ended 6/30/2024** | -3.05 % |
^ Based on the Fund's NAV as of June 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 June 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.
PRE000421 7/31/2025
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SOURCE Principal Real Estate Income Fund
FAQ
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