Company: PGZ
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001398344-25-003239
Chunk: 17

Company: Principal Real Estate Income Fund
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 17
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 Messrs. Pederson (Chairman) and Held and Ms. Legg. The QLCC operates pursuant to the
Qualified Legal Compliance Committee Guidelines. Each member of the QLCC must be a member of the Fund’s Board of Trustees who is
not employed, directly or indirectly, by the Fund and who is not an “interested person” of the Fund as defined in section
2(a)(19) of the 1940 Act. The QLCC shall consist, at a minimum, of at least three members, including at least one member of the Fund’s
Audit Committee.

Among other responsibilities, the QLCC is responsible
for (i) receiving reports of certain material breaches or violations of certain U.S. laws or regulations or fiduciary duties, (ii) reporting
evidence of such breaches or violations to the Fund’s Principal Executive Officer (“PEO”), (iii) determining whether
an investigation of such breaches or violations is required, (iv) if the QLCC determines an investigation is required, initiating such
investigation, (v) at the conclusion of such investigation, recommending that the Fund implement an appropriate response to evidence of
a breach or violation and (vi) informing the PEO and the Board of Trustees of the results of the investigation.

The QLCC shall meet as often as it deems necessary
to perform its duties and responsibilities. The QLCC met one time during the fiscal year ended October 31, 2024.

Compensation Committee

The Fund does not have a compensation committee.

Other Board of Trustees Related Matters

The Fund does not require Trustees to attend the Annual
Meeting of Shareholders. No Trustees attended the 2024 Annual Meeting of Shareholders.

Required Vote

The presence via telephone or by proxy of one-third
of the Fund’s shares that are entitled to vote constitutes a quorum.

The affirmative vote of a plurality of votes cast
for the nominees by the holders entitled to vote for the particular nominee is necessary for the election of the nominees.

THE BOARD OF TRUSTEES RECOMMENDS THAT SHAREHOLDERS
OF THE FUND VOTE “FOR” THE TRUSTEE NOMINEES.

<div align='center'>GENERAL INFORMATION</div>

Independent Registered Public Accounting Firm

At the December meeting of the Board of Trustees,
the Board of Trustees selected Cohen to serve as the Fund’s independent registered public accounting firm for the Fund’s fiscal
year ending October 31, 2025. Cohen acted as the