Company: PGZ
Filing Date: 2025-03-04
Form Type: DEFR14A
Source: 0001398344-25-004645
Chunk: 21

Company: Principal Real Estate Income Fund
Filing Date: 2025-03-04
Form: DEFR14A
Chunk 21
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 shows the ownership as of December
31, 2024 of the Fund’s Common Shares by each Trustee and the Fund’s principal executive officer and principal financial officer
(each an “Executive Officer” and together, the “Executive Officers”). Each Trustee and Executive Officer and all
Trustees and Executive Officers as a group owned less than 1% of the Fund’s outstanding shares as of December 31, 2024.

| Trustees & Executive Officer’s Names           | Total Shares Owned and Nature of Ownership |
| Jeremy Held                                    |                          2,000, Beneficial |
| JoEllen Legg                                   |                                       None |
| Rick A. Pederson                               |                                       None |
| Robert McClure*                                |                                       None |
| Erich Rettinger**                              |                                       None |
| All Trustees and Executive Officers as a Group |                                      2,000 |

| * | Robert McClure is the Principal Executive Officer of the Fund. |

| ** | Erich Rettinger is the Principal Financial Officer of the Fund |

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the 1934 Act and Section 30(h) of
the 1940 Act, and the rules thereunder, require the Fund’s officers and Trustees, ALPS Advisors’ officers and directors, affiliated
persons of ALPS Advisors’, and persons who beneficially own more than 10% of a registered class of the Fund’s Common Shares
to file reports of ownership and changes in ownership with the SEC and the NYSE and to furnish the Fund with copies of all Section 16(a)
forms they file. Based solely on a review of the reports filed, the Fund believes that during fiscal year end on October 31, 2024, all
Section 16(a) filing requirements applicable to the Fund’s officers, Trustees, ALPS Advisors’ officers and directors, 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