Company: PGZ
Filing Date: 2025-01-03
Form Type: N-CSR
Source: 0001398344-25-000145
Chunk: 25

Company: Principal Real Estate Income Fund
Filing Date: 2025-01-03
Form: N-CSR
Chunk 25
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, until January 21, 2024. On December 18, 2023, the Board announced that it approved a renewal of the share repurchase program, under which the Fund may purchase up to approximately 2.1% of its outstanding common shares beginning January 21, 2024, in the open market, until January 21, 2025.

The total shares remaining that can be repurchased as of October 31, 2024, are 139,299. During the year ended October 31, 2024, the Fund did not repurchase any of its shares.

| Principal Real Estate Income Fund | Notes to Financial Statements |

October 31, 2024

7.PORTFOLIO INFORMATION

For the year ended October 31, 2024, the cost of purchases and proceeds from sales of securities, excluding short-term securities, were as follows:

| Purchases       |          Sales |
| $    30,574,110 | $   33,020,696 |

8. TAXES

Classification of Distributions: Net investment income/(loss) and net realized gain/(loss) may differ for financial statement and tax purposes. The character of distributions made during the year from net investment income or net realized gains may differ from its ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or realized gain was recorded by the Fund.

The tax character of distributions paid during the years ended October 31, 2024, and October 31, 2023, were as follows:

|                   |     | For the Year Ended 
 October 31, 2024   |           |
|:------------------|:----|:-------------------|----------:|
| Ordinary Income   |     | $                  | 3,960,442 |
| Return of Capital |     |                    | 4,474,135 |
| Total             |     | $                  | 8,434,577 |

|                   |     | For the Year Ended 
 October 31, 2023   |           |
|:------------------|:----|:-------------------|----------:|
| Ordinary Income   |     | $                  | 3,618,615 |
| Return of Capital |     |                    | 4,869,493 |
| Total             |     | $                  | 8,488,108 |

Components of Earnings