Principal Real Estate Income Fund Declares Monthly Distributions, February 28, 2019, March 29, 2019 and April 30, 2019
January 03, 2019 at 04:30 pm
Share
Principal Real Estate Income Fund announced the declaration of monthly distributions of $0.11 per
common share, payable on February 28, 2019, March 29, 2019 and April 30, 2019 with record date of February 15, 2019, March 15, 2019 and April 18, 2019 respectively. Ex-date of dividend is February 14, 2019, March 14, 2019 and April 17, 2019 respectively.
Principal Real Estate Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fundâs investment objective is to seek to provide high current income, with capital appreciation as a secondary objective, by investing in commercial real estate-related securities. Under normal market conditions, the Fund invests at least 80% of its total assets in commercial real estate-related securities, primarily consisting of commercial mortgage-backed securities (CMBS) and other United States and non-United States real estate-related securities (primarily real estate investment trusts (REITs) or REIT-like entities). Under normal circumstances, the Fund invests between 40% and 70% of its total assets in CMBS and invests between 30% and 60% in other real estate-related securities (including REITs). The Fund's investment adviser is ALPS Advisors, Inc. The Fund's investment sub-adviser is Principal Real Estate Investors, LLC.