Company: PDSRX
Filing Date: 2025-06-30
Form Type: N-23C3A
Source: 0001756404-25-000013
Chunk: 3

Company: Principal Real Asset Fund
Filing Date: 2025-06-30
Form: N-23C3A
Chunk 3
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 or any other market in which the securities owned by the Fund are principally traded is closed, other than customary weekend and holiday closings, or during which such trading is restricted;

• For any period during which an emergency exists as a result of which it is not reasonably practicable for the Fund to dispose of securities it owns or to determine fairly the Fund’s NAV; and

• For any other periods that the U.S. Securities and Exchange Commission may permit by order for the protection of shareholders.

You will be notified if the Fund suspends or postpones the offer and will be notified again if the Fund resumes its offer.

#### 9.

#### Tax Consequences.
You should review the tax information in the Fund’s prospectus and statement of additional information and consult with your tax adviser regarding any specific consequences, including potential state and local tax consequences, of participating in the repurchase. Generally, any tender of shares to the Fund would be treated as a taxable event and any gain or loss would be treated as a capital gain or loss, either short or long term, depending on the length of time the shares have been held by you.

#### 10.

#### No Redemption Fee.
The Fund will not charge a redemption fee on shares that are accepted for repurchase in this offer. If your shares are held through your financial adviser, broker, dealer or other financial intermediary, or otherwise by a nominee, that intermediary or nominee may charge a transaction fee for submitting a repurchase request for you.

#### 11.

#### Documents in Proper Form.
All questions as to validity, form, eligibility (including time and receipt) and acceptance of tenders of shares will be determined by the Fund in its sole discretion. The determination by the Fund shall be final and binding. The Fund reserves the absolute right to reject any or all tenders of shares (even if such tenders are determined to be in good and proper form) and to refuse to accept for payment, purchase, or to pay for any shares if, in the opinion of Fund’s counsel, accepting, purchasing or paying for such shares would be unlawful. Subject to adherence to Rule 23c-3 of the Investment Company Act of 1940, the Fund also reserves the absolute right to waive any of the conditions of this offer or any defect in any tender of shares, whether generally or with respect to any particular shares or shareholders. The Fund’s interpretations of the terms and conditions of this offer shall be final and binding. Unless waived, any defects or irregularities in connection with tenders of shares