Principal Real Estate Income Fund Announces Monthly Distributions, Payable on February 28, 2017, March 29, 2017 and April 26, 2017
January 27, 2017 at 07:30 pm IST
Share
Principal Real Estate Income Fund announced the declaration of monthly distributions of $0.145 per common share. The dividends are payable on February 28, 2017, March 29, 2017 and April 26, 2017 to the holders record on February 21, 2017, March 20, 2017 and April 17, 2017 with ex-dates on February 16, 2017, March 16, 2017 and April 13, 2017 respectively.
Principal Real Estate Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fundâs investment objective is to seek to provide high current income, with capital appreciation as a secondary objective, by investing in commercial real estate-related securities. Under normal market conditions, the Fund invests at least 80% of its total assets in commercial real estate-related securities, primarily consisting of commercial mortgage-backed securities (CMBS) and other United States and non-United States real estate-related securities (primarily real estate investment trusts (REITs) or REIT-like entities). Under normal circumstances, the Fund invests between 40% and 70% of its total assets in CMBS and invests between 30% and 60% in other real estate-related securities (including REITs). The Fund's investment adviser is ALPS Advisors, Inc. The Fund's investment sub-adviser is Principal Real Estate Investors, LLC.
PRINCIPAL REAL ESTATE INCOME FUND 
