Company: PGZ
Filing Date: 2025-07-03
Form Type: N-CSRS
Source: 0001398344-25-012685
Chunk: 30

Company: Principal Real Estate Income Fund
Filing Date: 2025-07-03
Form: N-CSRS
Chunk 30
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, (2) on the Fund’s website located at http://www.principalcef.com,
or (3) on the SEC’s website at http://www.sec.gov. Information regarding how the Fund voted proxies relating to portfolio securities
during the twelve-month period ended June 30th is available on the SEC’s website at http://www.sec.gov.

SECTION 19(a) NOTICES

The following table sets forth the estimated amount
of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted
thereunder. In accordance with generally accepted accounting principles (“GAAP”), the Fund estimates the following percentages,
of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized
short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage
of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative
distribution amount per share for the Fund.

The amounts and sources of distributions reported
in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting
purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes
based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions
for federal income tax purposes.

| Per Share Cumulative Distributions      
 for the Six Months Ended April 30, 2025 |         |         |         |        | Percentage of the Total          
 Cumulative Distributions for the 
 Six Months Ended April 30, 2025  |         |         |         |           |
|:----------------------------------------|--------:|--------:|--------:|-------:|:---------------------------------|:--------|:--------|:--------|:----------|
| Net                                     
 Investment                              
 Income                                  |  Short- 
    Term 
 Capital 
   Gains |   Long- 
    Term 
 Capital 
   Gains |  Return 
      of 
 Capital |  Total 
    Per 
  Share | Net                              
 Investment                       
 Income                           | Short-  
 Term    
 Capital 
 Gains   | Long-   
 Term    
 Capital 
 Gains   | Return  
 of      
 Capital | Total     
 Per Share |