Company: PGZ
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001398344-25-003239
Chunk: 3

Company: Principal Real Estate Income Fund
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 3
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 enclosures will be paid by the Fund. The Fund will also reimburse brokerage firms and others for their expenses in forwarding
solicitation materials to the beneficial owners of the Fund’s Common Shares (as defined below). In addition, the Fund has engaged
EQFS to assist in the proxy effort for the Fund. Under the terms of the engagement, EQFS will be providing a web site for the dissemination
of these proxy materials and tabulation services.

<div align='center'>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF
PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON FRIDAY, APRIL 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 qu