Company: PGZ
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001398344-25-003239
Chunk: 11

Company: Principal Real Estate Income Fund
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 11
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,500 |                       $0 |                $34,500 |                                 1 |
| Rick A. Pederson                    |                $47,000 |                       $0 |               $233,500 |                                24 |
| Jerry G. Rutledge(3)                |                $50,000 |                       $0 |               $231,500 |                                10 |
| Ernest J. Scalberg(4)               |                $15,250 |                       $0 |                $15,250 |                                 1 |
| Nominee for Non-Interested Trustees |                        |                          |                        |                                   |
| Stephanie J. Bullington             |                     $0 |                       $0 |                     $0 |                               N/A |
| Total                               |               $197,500 |                       $0 |               $565,500 |                                   |

| (1) | Represents the total compensation paid to such persons by the Fund during the fiscal year ended October 31, 2024. |

| (2) | Represents the total compensation paid to such Trustee by the Trustee’s Fund Complex during the                                            
 fiscal year ended October 31, 2024. The Fund Complex for Mr. Pederson consists of the Fund and all funds within the ALPS ETF Trust. The    
 Fund Complex for Mr. Rutledge consists of the Fund and 9 funds within the Financial Investors Trust. The Fund Complex for Mses. Bullington 
 and Legg and Mr. Held consists of the Fund.                                                                                                |

| (3) | Mr. Rutledge was a Trustee as of October 31, 2024. Mr. Rutledge passed away in January 2025. |

| (4) | On March 11, 2024, Mr. Scalberg resigned from his role as Trustee of the Principal Real Estate Income 
 Fund.                                                                                                 |

Each Non-Interested Trustee of the Fund receives an
annual retainer of $24,000 and an additional $5,000 for attending each meeting of the Board of Trustees. In addition to the Attendance
Fee, the Chairman of the Board of Trustees is paid a meeting fee of $1,500 for each meeting of the Board of Trustees and the Chairman
of the Audit Committee of the Board of Trustees is paid a meeting attendance fee of $1,250 for each meeting of the Audit Committee of
the Board of Trustees. The Trustees are also reimbursed for all reasonable out-of-pocket expenses relating to attendance at meetings of
the Board of Trustees.

During the