Company: PGZ
Filing Date: 2025-07-03
Form Type: N-CSRS
Source: 0001398344-25-012685
Chunk: 32

Company: Principal Real Estate Income Fund
Filing Date: 2025-07-03
Form: N-CSRS
Chunk 32
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, if applicable, shareholders of record
should have received this information for the distributions paid to them by the Fund during the calendar year 2024 via Form 1099. The
Fund will notify shareholders in early 2026 of amounts paid to them by the Fund, if any, during the calendar year 2025.

| Principal Real Estate Income Fund | Additional Information |

April 30, 2025 (Unaudited)

LICENSING AGREEMENT

Morningstar

The Fund is not sponsored, endorsed, sold or promoted
by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities
make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability
of investing in mutual funds generally or in the Fund in particular or the ability of the Morningstar Index Data to track general mutual
fund market performance.

THE MORNINGSTAR ENTITIES DO NOT GUARANTEE THE ACCURACY
AND/OR THE COMPLETENESS OF THE MORNINGSTAR INDEX DATA OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR ENTITIES SHALL HAVE NO LIABILITY FOR
ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.

CUSTODIAN AND TRANSFER AGENT

State Street Bank and Trust Company, located at State
Street Financial Center, One Congress Street, Suite 1, Boston, MA 02114-2016, serves as the Fund’s custodian and will maintain custody
of the securities and cash of the Fund.

SS&C GIDS, Inc., located at 333 West 11th Street,
5th Floor, Kansas City, Missouri 64105, serves as the Fund’s transfer agent and registrar.

LEGAL COUNSEL

Dechert LLP, located at 1095 Avenue of the Americas,
New York, New York 10036, serves as legal counsel to the Trust.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Cohen & Company, Ltd. is the independent registered public accounting
firm for the Fund.

| 36 | www.principalcef.com |

| Principal Real Estate Income Fund | Privacy Policy |

April 30, 2025 (Unaudited)

| FACTS | WHAT DOES PRINCIPAL REAL ESTATE INCOME FUND DO WITH YOUR PERSONAL INFORMATION?                                                                                                                                                                                                                                               |
| WHY?  | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit