PRINCIPAL REAL ESTATE INCOME FUND CONTINUES SHARE REPURCHASE PROGRAM

Core Viewpoint - The Principal Real Estate Income Fund has approved a share repurchase program aimed at enhancing shareholder value by purchasing up to approximately 2.1% of its outstanding common shares from January 21, 2025, to January 21, 2026 [1][2]. Group 1: Share Repurchase Program - The Fund's share repurchase program allows it to acquire shares in the open market at a discount to the net asset value (NAV), which is expected to increase the NAV and benefit remaining shareholders [2]. - The program will be implemented on a discretionary basis under the direction of ALPS Advisors, Inc., with no assurance of specific discount levels or amounts for share purchases [3]. Group 2: Strategic Goals - The Board and the Advisor are continuously analyzing options to enhance shareholder value and reduce the discount between the market price of the Fund's shares and the NAV [2]. - The repurchase program is part of a broader strategy to provide additional liquidity in the trading of the Fund's shares while benefiting existing shareholders [2]. Group 3: Fund Management - ALPS Advisors, Inc. serves as the investment adviser to the Fund, while Principal Real Estate Investors LLC acts as the investment sub-adviser [9]. - As of September 30, 2024, Principal Real Estate Investors manages or sub-advises $102 billion in commercial real estate assets, indicating a strong management background [13].