Company: PGZ
Filing Date: 2025-03-04
Form Type: DEFR14A
Source: 0001398344-25-004645
Chunk: 14

Company: Principal Real Estate Income Fund
Filing Date: 2025-03-04
Form: DEFR14A
Chunk 14
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 where and how its structure remains appropriate in light of the Fund’s current circumstances.
The Board of Trustees has appointed Mr. Held, an Independent Trustee, to serve in the role of Chairman of the Board of Trustees (“Chairman”).
The Chairman’s role is to preside at all meetings of the Board of Trustees and in between meetings of the Board of Trustees to generally
act as the liaison between the Board of Trustees and the Fund’s officers, attorneys and various other service providers, including
but not limited to ALPS and other such third parties servicing the Fund.

The Fund has three standing committees, each of which
enhances the leadership structure of the Board of Trustees: the Audit Committee; the Nominating and Corporate Governance Committee; and
the Qualified Legal Compliance Committee. The Audit Committee, Nominating and Corporate Governance Committee, and the Qualified Legal
Compliance Committee are each chaired by, and composed of, members who are Independent Trustees.

Oversight of Risk Management

The Fund is confronted with a multitude of risks,
such as investment risk, counter party risk, valuation risk, political risk, risk of operational failures, business continuity risk, regulatory
risk, legal risk and other risks not listed here. The Board of Trustees recognizes that not all risk that may affect the Fund can be known,
eliminated or even mitigated. In addition, there are some risks that may not be cost effective or an efficient use of the Fund’s
limited resources to moderate. As a result of these realities, the Board of Trustees, through its oversight and leadership, has and will
continue to deem it necessary for shareholders of the Fund to bear certain and undeniable risks, such as investment risk, in order for
the Fund to operate in accordance with its prospectus, statement of additional information and other related documents.

However, as required under the 1940 Act, the Board
of Trustees has adopted on the Fund’s behalf a vigorous risk program that mandates the Fund’s various service providers, including
ALPS, to adopt a variety of processes, procedures and controls to identify various risks, mitigate the likelihood of such adverse events
from occurring and/or attempt to limit the effects of such adverse events on the Fund. The Board of Trustees fulfills its leadership role
by receiving a variety of quarterly written reports prepared by the Fund’s Chief Compliance Officer (“CCO”) that (1)
evaluate the operation, policies and policies of the Fund’s service providers, (2) make known any material changes to the policies
and procedures adopted by