Company: PGZ
Filing Date: 2025-03-04
Form Type: DEFR14A
Source: 0001398344-25-004645
Chunk: 3

Company: Principal Real Estate Income Fund
Filing Date: 2025-03-04
Form: DEFR14A
Chunk 3
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IL 11, 2025, AT 10:00 A.M. MOUNTAIN TIME</div>

THE FUND’S MOST RECENT ANNUAL REPORT, INCLUDING
AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2024, AND THE PROXY MATERIALS, ARE AVAILABLE UPON REQUEST, WITHOUT
CHARGE, BY WRITING TO THE FUND AT 1290 BROADWAY, SUITE 1000, DENVER, COLORADO 80203, BY CALLING THE FUND AT (855) 838-9485, BY THE INTERNET
AT . SHAREHOLDERS ARE ENCOURAGED TO REVIEW THESE MATERIALS BEFORE VOTING. REQUESTS FOR ANY COPIES OF THE PROXY
MATERIALS SHOULD BE MADE BY NO LATER THAN MARCH 24, 2025 TO HELP ENSURE TIMELY DELIVERY.

If the enclosed proxy card is properly executed and returned in time to be voted at the Meeting, and if you give no instructions on the proxy card, then the Common Shares represented thereby will be voted “FOR” the proposals listed in the accompanying Notice of Annual Meeting of Shareholders and will be voted in the discretion of the proxy holders as to any other matters that may properly come before the Meeting.Any shareholder who
has given a proxy has the right to revoke it at any time prior to its exercise either by attending the Meeting and voting his or her Common
Shares via telephone or by submitting a letter of revocation or a later-dated proxy to the Fund at the above address prior to the date
of the Meeting.

The holders of thirty-three and one third (33 1/3)
percent of the outstanding Common Shares on the record date present via telephone or by proxy shall constitute a quorum at the Meeting
for purposes of conducting business. If a quorum is not present at the Meeting, or if a quorum is present at the Meeting but sufficient
votes to approve any of the proposed items are not received, the persons named as proxies may propose one or more adjournments of the
Meeting to permit further solicitation of proxies. A shareholder vote may be taken on one or more of the proposals in this Proxy Statement
prior to such adjournment if sufficient votes have been received for approval and it is otherwise appropriate. Any such adjournment for
the Meeting will require the affirmative vote of a majority of those Common Shares present at the Meeting via telephone or by proxy