Key Takeaways
- • Principal Real Estate Income Fund (NYSE: PGZ) declared monthly distributions of $0.105 per common share, according to a Business Wire press release.
- • The distributions imply an annualized distribution rate of 12.17%, based on a net asset value share price of $10.35 as of market close on September 25, 2026.
- • ALPS Advisors, Inc. serves as investment adviser, with Principal Real Estate Investors LLC as investment sub-adviser.
- • The release carries standard closed-end fund risk disclosures, including leverage, exposure to below-investment-grade securities, and commercial real estate market risk.
Summary
Principal Real Estate Income Fund, traded on the New York Stock Exchange under the symbol "PGZ," announced the declaration of monthly distributions of $0.105 per common share. The distribution payment dates were listed in the release, though the specific dates were not reproduced in the source text provided.
Based on the Fund's net asset value share price of $10.35 as of market close on September 25, 2026, the distributions represent an annualized distribution rate of 12.17%. The Fund is advised by ALPS Advisors, Inc., a wholly owned subsidiary of SS&C Technologies, and sub-advised by Principal Real Estate Investors LLC, which is not affiliated with ALPS Advisors or its affiliates. SS&C ALPS Advisors reported more than $37.62 billion under management as of June 30, 2026, while Principal Real Estate Investors reported $108.1 billion in commercial real estate assets under management or sub-advisement as of the same date.
The release notes that the Fund is a closed-end vehicle that trades in the secondary market, and that its shares may trade at a discount to net asset value. It also states that distributions may be drawn from net investment income, realized capital gains, or return of capital, and that the final tax characterization will be provided on Form 1099-DIV in early 2027. The Fund warned that its net asset value and distribution rate may fluctuate with market spreads, interest rates and equity market performance, and that leverage may magnify losses. Securities backed by commercial real estate carry risks similar to direct property ownership, including declines in property values and rental or occupancy rates.
Based on the Fund's net asset value share price of $10.35 as of market close on September 25, 2026, the distributions represent an annualized distribution rate of 12.17%. The Fund is advised by ALPS Advisors, Inc., a wholly owned subsidiary of SS&C Technologies, and sub-advised by Principal Real Estate Investors LLC, which is not affiliated with ALPS Advisors or its affiliates. SS&C ALPS Advisors reported more than $37.62 billion under management as of June 30, 2026, while Principal Real Estate Investors reported $108.1 billion in commercial real estate assets under management or sub-advisement as of the same date.
The release notes that the Fund is a closed-end vehicle that trades in the secondary market, and that its shares may trade at a discount to net asset value. It also states that distributions may be drawn from net investment income, realized capital gains, or return of capital, and that the final tax characterization will be provided on Form 1099-DIV in early 2027. The Fund warned that its net asset value and distribution rate may fluctuate with market spreads, interest rates and equity market performance, and that leverage may magnify losses. Securities backed by commercial real estate carry risks similar to direct property ownership, including declines in property values and rental or occupancy rates.
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