Company: PGZ
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001398344-25-003239
Chunk: 20

Company: Principal Real Estate Income Fund
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 20
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 affiliated
persons of ALPS Advisors’ and persons who beneficially own more than 10% of the Fund’s Common Shares were complied with.

Ownership of Shares

The following chart lists each Shareholder or group of Shareholders who
beneficially (or of record) owned more than 5% of the shares for the Fund as of February 7, 2025.

Any person or entity that beneficially owns, directly
or through one or more controlled companies, more than 25% of the voting securities of a company is presumed to “control”
such company. Accordingly, to the extent that a person or entity is identified as the beneficial owner of more than 25% of the voting
securities of the Fund, or is identified as the record owner of more than 25% of the Fund and has voting and/ or investment powers, that
person or entity may be presumed to control the Fund. A controlling Shareholder’s vote could have a more significant effect on matters
presented to Shareholders for approval than the vote of other Fund Shareholders.

| Shareholder Name and Address(1)     |    Number of 
 Shares Owned | Percentages of 
 Share Owned    |
| Saba Capital Management, L.P.       
 405 Lexington Avenue, 58th Floor    
 New York, New York 10174            |   411,915(2) | 6.15%(2)       |
| Boaz R. Weinstein                   
 405 Lexington Avenue, 58th Floor    
 New York, New York 10174            |              |                |
| Saba Capital Management GP, LLC     
 405 Lexington Avenue, 58th Floor    
 New York, NY 10174                  |              |                |
| Bulldog Investors, LLP              
 80 West-Plaza Two,                  
 250 Pehle Ave., Suite 708,          
 Saddle Brook, NJ 07663              |      211,845 | 3.31%          |
| Phillip Goldstein & Andrew Dakos(3) 
 80 West-Plaza Two,                  
 250 Pehle Ave., Suite 708,          
 Saddle Brook, NJ 07663              |   420,848(4) | 6.29%(4)       |

| (1) | The table above shows 5% or greater shareholders’ ownership of Shares as the Record Date. The information contained in this 
 table is based on Schedule 13G filings made on or before the Record