Company: PGZ
Filing Date: 2025-03-04
Form Type: DEFR14A
Source: 0001398344-25-004645
Chunk: 0

Company: Principal Real Estate Income Fund
Filing Date: 2025-03-04
Form: DEFR14A
Chunk 0
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<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities

Exchange Act of 1934 (Amendment No. )</div>

Filed by the Registrant [x]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

| [  ] | Preliminary Proxy Statement                                                     |
| [  ] | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| [x]  | Definitive Proxy Statement                                                      |
| [  ] | Definitive Additional Materials                                                 |
| [  ] | Soliciting Material Pursuant to § 240.14a-12                                    |

<div align='center'>PRINCIPAL REAL ESTATE INCOME FUND

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement if other
than the Registrant)</div>

Payment of Filing Fee (Check appropriate box):

| [x]  | No fee required                                                          |
| [  ] | Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. |

EXPLANATORY NOTE

This Amendment No. 1 to Schedule 14A (the “Amendment”)
is being filed to amend and replace the proxy card included in the Definitive Proxy Statement filed by Principal Real Estate Fund (the
"Fund") with the Securities and Exchange Commission on February 21, 2025 (the "Proxy Statement"). After filing the
Proxy Statement, the Fund discovered that an incorrect version of the proxy card was inadvertently filed with the Proxy Statement. The Amendment is additionally being filed to update the mailing date of the proxy
statement. No
other changes to the Proxy Statement have been made.

<div align='center'>PRINCIPAL REAL ESTATE INCOME FUND

(the “Fund”)

1290 Broadway, Suite 1000

Denver, Colorado 80203

(855) 838-9485

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

TO BE HELD ON APRIL 11, 2025 AT 10:00 A.M. MOUNTAIN TIME</div>

To the Shareholders of the Fund:

Notice is hereby given that the Annual Meeting of
Shareholders (the “Meeting”)