Company: PGZ
Filing Date: 2025-03-04
Form Type: DEFR14A
Source: 0001398344-25-004645
Chunk: 2

Company: Principal Real Estate Income Fund
Filing Date: 2025-03-04
Form: DEFR14A
Chunk 2
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be allowed to attend in person on Friday, April 11, 2025, at 10:00 a.m. Mountain Time and at any adjournments thereof.

We will be hosting this year’s Meeting as a
telephone conference call. There is no physical location for the Meeting. To participate in the Meeting, you must email
no later than 3:00 p.m. Mountain Time on April 7, 2025 and provide your full name and address. You will then receive an email from EQ
Fund Solutions (“EQFS”) containing the conference call dial-in information and instructions for participating in the Meeting.

If you hold your shares through an intermediary, such
as a bank or broker, you must register in advance to attend the Meeting. To register, you must submit proof of your proxy power (legal
proxy) reflecting your Fund holdings along with your name and email address to EQFS, the Fund’s tabulator. You may forward an email
from your intermediary or attach an image of your legal proxy to
Requests for registration must be received no later than 3:00 p.m. Mountain Time on April 7, 2025. You will then receive an email from
EQFS containing the conference call dial-in information and instructions for participating in the Meeting.

This Proxy Statement was first mailed to shareholders
on or about March 7, 2025.

Other Methods of Proxy Solicitation

In addition to the solicitation of proxies by mail,
officers of the Fund and officers and regular employees of SS&C GIDS, Inc. (“GIDS”), the Fund’s transfer agent,
ALPS Fund Services, Inc. (“ALPS”), the Fund’s administrator, and affiliates of GIDS, ALPS or other representatives of
the Fund may also solicit proxies by telephone, Internet, or in person. The expenses incurred in connection with preparing the Proxy Statement
and its enclosures will be paid by the Fund. The Fund will also reimburse brokerage firms and others for their expenses in forwarding
solicitation materials to the beneficial owners of the Fund’s Common Shares (as defined below). In addition, the Fund has engaged
EQFS to assist in the proxy effort for the Fund. Under the terms of the engagement, EQFS will be providing a web site for the dissemination
of these proxy materials and tabulation services.

<div align='center'>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF
PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON FRIDAY, APR