Company: PGZ
Filing Date: 2025-07-03
Form Type: N-CSRS
Source: 0001398344-25-012685
Chunk: 27

Company: Principal Real Estate Income Fund
Filing Date: 2025-07-03
Form: N-CSRS
Chunk 27
---
 Dividend Reinvestment Plan |

April 30, 2025 (Unaudited)

Unless the registered owner of Common Shares elects
to receive cash by contacting SS&C GIDS, Inc. (the “Plan Administrator”), all dividends declared on Common Shares will
be automatically reinvested by the Plan Administrator for shareholders in the Fund’s Automatic Dividend Reinvestment Plan (the “Plan”),
in additional Common Shares. Common Shareholders who elect not to participate in the Plan will receive all dividends and other distributions
in cash paid by check mailed directly to the shareholder of record (or, if the Common Shares are held in street or other nominee name,
then to such nominee) by the Plan Administrator as dividend disbursing agent. Participation in the Plan is completely voluntary and may
be terminated or resumed at any time without penalty by notice if received and processed by the Plan Administrator prior to the dividend
record date; otherwise such termination or resumption will be effective with respect to any subsequently declared dividend or other distribution.
Such notice will be effective with respect to a particular dividend or other distribution (together, a “Dividend”). Some brokers
may automatically elect to receive cash on behalf of Common Shareholders and may re-invest that cash in additional Common Shares.

The Plan Administrator will open an account for each
Common Shareholder under the Plan in the same name in which such Common Shareholder’s Common Shares are registered. Whenever the
Fund declares a Dividend payable in cash, non-participants in the Plan will receive cash and participants in the Plan will receive the
equivalent in Common Shares. The Common Shares will be acquired by the Plan Administrator for the participants’ accounts, depending
upon the circumstances described below, either (i) through receipt of additional unissued but authorized Common Shares from the Fund (“Newly
Issued Common Shares”) or (ii) by purchase of outstanding Common Shares on the open market (“Open-Market Purchases”)
on the NYSE or elsewhere. If, on the payment date for any Dividend, the closing market price plus estimated brokerage commissions per
Common Share is equal to or greater than the NAV per Common Share, the Plan Administrator will invest the Dividend amount in Newly Issued
Common Shares on behalf of the participants. The number of Newly Issued Common Shares to be credited to each participant’s account
will be determined by dividing the dollar amount of the Dividend by the NAV per Common Share on the payment date; provided that, if the
NAV is less than or equal