Company: PGZ
Filing Date: 2025-07-03
Form Type: N-CSRS
Source: 0001398344-25-012685
Chunk: 29

Company: Principal Real Estate Income Fund
Filing Date: 2025-07-03
Form: N-CSRS
Chunk 29
---
 needed by shareholders
for tax records. Common Shares in the account of each Plan participant will be held by the Plan Administrator on behalf of the Plan participant,
and each shareholder proxy will include those shares purchased or received pursuant to the Plan. The Plan Administrator will forward all
proxy solicitation materials to participants and vote proxies for shares held under the Plan in accordance with the instructions of the
participants.

In the case of Common Shareholders such as banks,
brokers or nominees which hold shares for others who are the beneficial owners, the Plan Administrator will administer the Plan on the
basis of the number of Common Shares certified from time to time by the record shareholder’s name and held for the account of beneficial
owners who participate in the Plan.

There will be no brokerage charges with respect to
Common Shares issued directly by the Fund. However, each participant will pay a pro rata share of brokerage commissions incurred in connection
with Open-Market Purchases. The automatic reinvestment of Dividends will not relieve participants of any federal, state or local income
tax that may be payable (or required to be withheld) on such Dividends. Participants that request a sale of Common Shares through the
Plan Administrator are subject to brokerage commissions.

The Fund reserves the right to amend or terminate
the Plan. There is no direct service charge to participants with regard to purchases in the Plan; however, the Fund reserves the right
to amend the Plan to include a service charge payable by the participants.

All correspondence or questions concerning the Plan
should be directed to the Plan Administrator. 430 West 7th Street, Kansas City, MO 64105-1407 or toll free: 1-855-552-6280

| Principal Real Estate Income Fund | Additional Information |

April 30, 2025 (Unaudited)

PORTFOLIO HOLDINGS

The Fund files a complete schedule of portfolio holdings
with the U.S. Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year on Form N-PORT
within 60 days after the end of the period. Copies of the Fund’s Form N-PORT are available without a charge, upon request, by contacting
the Fund at 1-855-838-9485 and on the SEC’s website at http://www.sec.gov.

PROXY VOTING

A description of the Fund’s proxy voting policies
and procedures is available (1) without charge, upon request, by calling 1-855-838-9485