PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE
Principal Real Estate Income Fund (PGZ) has declared monthly distributions of $0.105 per common share, with an annualized distribution rate of 11.03% based on the Fund's current net asset value share price of $11.42 as of December 27, 2024. The distributions will be payable on February 28, March 31, and April 30, 2025.
The Fund is designed as a long-term investment vehicle focusing on commercial real estate assets. It faces various risks including potential variations in net asset value, distribution rates, and exposure to below-investment grade investments. The Fund's distributions may come from multiple sources including net investment income, capital gains, and return of capital. As a closed-end fund, shares trade in the secondary market and frequently trade at a discount from their net asset value.
Il Principal Real Estate Income Fund (PGZ) ha dichiarato distribuzioni mensili di $0,105 per azione comune, con un tasso di distribuzione annualizzato del 11,03% basato sul valore attuale della quota netta del fondo di $11,42 al 27 dicembre 2024. Le distribuzioni saranno pagabili il 28 febbraio, il 31 marzo e il 30 aprile 2025.
Il fondo è progettato come un veicolo di investimento a lungo termine che si concentra su beni immobili commerciali. Affronta vari rischi, tra cui potenziali variazioni nel valore netto degli attivi, tassi di distribuzione e esposizione a investimenti sotto il grado di investimento. Le distribuzioni del fondo possono provenire da più fonti, tra cui reddito netto da investimenti, guadagni di capitale e restituzione di capitale. Essendo un fondo chiuso, le azioni vengono negoziate nel mercato secondario e frequentemente allettano a un prezzo inferiore rispetto al loro valore netto degli attivi.
El Principal Real Estate Income Fund (PGZ) ha declarado distribuciones mensuales de $0.105 por acción común, con una tasa de distribución anualizada del 11.03% basada en el valor actual de la acción del fondo de $11.42 a partir del 27 de diciembre de 2024. Las distribuciones se pagarán el 28 de febrero, el 31 de marzo y el 30 de abril de 2025.
El fondo está diseñado como un vehículo de inversión a largo plazo que se centra en activos inmobiliarios comerciales. Enfrenta varios riesgos, incluyendo posibles variaciones en el valor neto de los activos, tasas de distribución y exposición a inversiones de grado inferior. Las distribuciones del fondo pueden provenir de múltiples fuentes, incluyendo ingresos netos de inversiones, ganancias de capital y devolución de capital. Como un fondo cerrado, las acciones se negocian en el mercado secundario y frecuentemente a un descuento sobre su valor neto de activos.
프린시펄 부동산 수익 펀드(Principal Real Estate Income Fund, PGZ)는 $0.105의 보통주당 배당금을 월별로 선언하였으며, 2024년 12월 27일 현재 펀드의 순자산 가치 주가인 $11.42를 기준으로 한 연환산 배당률은 11.03%입니다. 배당금은 2025년 2월 28일, 3월 31일 및 4월 30일에 지급될 예정입니다.
이 펀드는 상업용 부동산 자산에 중점을 둔 장기 투자 수단으로 설계되었습니다. 이는 순자산 가치, 배당률의 잠재적인 변동 및 투자 등급 이하의 투자에 대한 노출을 포함하여 다양한 위험에 직면해 있습니다. 펀드의 배당금은 순 투자 수익, 자본 이득 및 자본 반환을 포함한 여러 출처에서 발생할 수 있습니다. 폐쇄형 펀드로써, 주식은 2차 시장에서 거래되며 종종 순자산 가치보다 할인된 가격에 거래됩니다.
Le Principal Real Estate Income Fund (PGZ) a déclaré des distributions mensuelles de $0,105 par action ordinaire, avec un taux de distribution annualisé de 11,03% basé sur le prix actuel par action de la valeur nette d’actif du Fonds de $11,42 au 27 décembre 2024. Les distributions seront payables le 28 février, le 31 mars et le 30 avril 2025.
Le Fonds est conçu comme un véhicule d'investissement à long terme axé sur des actifs immobiliers commerciaux. Il fait face à divers risques, y compris des variations potentielles de la valeur nette d'actif, des taux de distribution et une exposition à des investissements de qualité inférieure. Les distributions du Fonds peuvent provenir de plusieurs sources, y compris le revenu net d'investissement, les gains en capital et le remboursement de capital. En tant que fonds fermé, les actions se négocient sur le marché secondaire et se négocient souvent à un prix inférieur à leur valeur nette d'actif.
Der Principal Real Estate Income Fund (PGZ) hat monatliche Ausschüttungen von $0,105 pro Stammaktie erklärt, mit einer annualisierten Ausschüttungsrate von 11,03%, basierend auf dem aktuellen Nettovermögenswert des Fonds, der am 27. Dezember 2024 bei $11,42 liegt. Die Ausschüttungen sind am 28. Februar, 31. März und 30. April 2025 zahlbar.
Der Fonds ist als langfristiges Investitionsvehikel konzipiert, das sich auf gewerbliche Immobilienvermögen konzentriert. Er ist verschiedenen Risiken ausgesetzt, darunter potenzielle Schwankungen des Nettovermögenswerts, Ausschüttungsraten und die Exposition gegenüber Investitionen unterhalb des Anlagegrades. Die Ausschüttungen des Fonds können aus mehreren Quellen stammen, einschließlich Nettokapitalerträgen, Kapitalgewinnen und Kapitalrückführungen. Als geschlossener Fonds werden die Anteile im Sekundärmarkt gehandelt und häufig mit einem Abschlag auf ihren Nettovermögenswert gehandelt.
- High annualized distribution rate of 11.03%
- Consistent monthly distribution schedule maintained at $0.105 per share
- Fund shares typically trade at a discount to NAV
- Exposure to below-investment grade (junk bond) investments
- Risk of receiving little or no return on investment
Insights
The Principal Real Estate Income Fund's monthly distribution announcement of
Looking deeper at the fund's structure and implications: The distributions will be made across three months (February, March and April 2025), maintaining consistency in the payout schedule. The high yield should be viewed with careful consideration of the fund's investment profile in commercial real estate securities and use of leverage, which can amplify both gains and losses.
For investors seeking income, it's noteworthy that the fund trades as a closed-end fund, typically at a discount to NAV, which can affect total return potential. The distribution sources may include various components beyond just income, including potential return of capital, which could impact the tax treatment and true yield characteristics of these payments.
The maintained distribution rate signals stability in the fund's commercial real estate portfolio management strategy. In the current real estate market landscape, a
Critical analysis reveals that the fund's exposure to commercial real estate securities rather than direct property ownership provides liquidity advantages but also introduces market correlation risks. The distribution sustainability will largely depend on the underlying real estate fundamentals, including occupancy rates, rental income stability and property valuations in the commercial sector.
The fund's closed-end structure allows for more efficient management of the real estate securities portfolio, as managers don't need to maintain cash reserves for redemptions. However, investors should monitor the fund's premium/discount to NAV, as this can significantly impact total return potential beyond the stated distribution rate.
The following dates apply to the distributions declared:
Ex Date | Record Date | Payable Date |
February 13, 2025 | February 13, 2025 | February 28, 2025 |
March 17, 2025 | March 17, 2025 | March 31, 2025 |
April 15, 2025 | April 15, 2025 | April 30, 2025 |
RISKS
This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions. In early 2026, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital). An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.
Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment and exposure to below-investment grade investments (i.e., "junk bonds"). The Fund's net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund's use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.
Securities backed by commercial real estate assets are subject to market risks similar to those of direct ownership of commercial real estate assets including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions.
The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.
Sources of distributions to shareholders may include net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. 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. If a distribution includes anything other than net investment income, the fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time, available at www.principalcef.com. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholders' 1099-DIV forms after the end of the year. Past performance is not a guarantee of future results.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.principalcef.com or call 855.838.9485. Please read them carefully before investing.
Shares of closed-end investment companies frequently trade at a discount from their net asset value and initial offering prices.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
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 firm.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
About SS&C ALPS Advisors
SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies, is a leading provider of investment products for advisors and institutions. With over
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises
PRE000438 1/2/2026
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SOURCE Principal Real Estate Income Fund
FAQ
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