DENVER, April 1, 2022 /PRNewswire/ — Principal Real Estate Income Fund (the “Fund”), which is traded on the New York Stock Exchange under the symbol “PGZ,” is pleased to announce a 5.00% increase in its monthly distributions to $0.105 per share beginning in May, payable on the dates noted below. Based on the Fund’s current net asset value share price of $17.09 (as of market close on March 29, 2022), the distributions represent an annualized distribution rate of 7.37%.
The following dates apply to the distributions declared:
Ex Date
Record Date
Payable Date
May 12, 2022
May 13, 2022
May 31, 2022
June 15, 2022
June 16, 2022
June 30, 2022
July 14, 2022
July 15, 2022
July 29, 2022
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 2023, 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 …
Source Here: benzinga.com
