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Principal Real Estate Income Fund - PGZ STOCK NEWS

Welcome to our dedicated news page for Principal Real Estate Income Fund (Ticker: PGZ), a resource for investors and traders seeking the latest updates and insights on Principal Real Estate Income Fund.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Principal Real Estate Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Principal Real Estate Income Fund's position in the market.

Rhea-AI Summary
During the Annual Meeting of Shareholders of the Principal Real Estate Income Fund (NYSE: PGZ), the Trustees Rick A. Pederson and Jeremy Held were re-elected for a three-year term. The Fund is a closed-end fund that trades in the secondary market, managed by ALPS Advisors, Inc. and sub-advised by Principal Real Estate Investors Investors should be aware of the risks involved, including exposure to below-investment grade investments and market fluctuations.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
Principal Real Estate Income Fund (PGZ) declares monthly distributions of $0.105 per share, with an annualized rate of 10.99%. The Fund's net asset value is $11.46, with distributions payable on specific dates. Investors should be aware of risks associated with the Fund, including exposure to below-investment grade investments and fluctuations in net asset value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
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none
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Rhea-AI Summary
The Principal Real Estate Income Fund (PGZ) has announced a distribution of $0.1050 per share to shareholders, with 42% from net investment income and 58% from return of capital. The Fund may have distributed more than its income, potentially resulting in a return of capital to investors. Tax implications and fund performance data are also provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
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Rhea-AI Summary
Principal Real Estate Income Fund (PGZ) announces a distribution of $0.1050 per share to shareholders, with 63.71% sourced from return of capital. The Fund cautions that a return of capital does not reflect investment performance. Federal income tax implications and estimated distribution sources are provided, with the NAV performance showing a 19.50% cumulative total return.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
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none
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Rhea-AI Summary
The Principal Real Estate Income Fund (PGZ) announced a distribution of $0.1050 per share to shareholders of record at the close of business on January 17, 2024. The estimated sources of distribution include net investment income, net realized short-term capital gain, net realized long-term capital gain, and return of capital. The Fund has distributed more than its income, and a portion of the distribution may be a return of capital. The fiscal year-to-date cumulative distribution amounts to $0.3150 per common share. The Fund's performance shows an annualized distribution rate of 11.61% of NAV, a cumulative distribution rate on NAV of 2.90%, and a cumulative total return on NAV of 12.95% for the period from November 1, 2023, to December 31, 2023. The 5-year average annual total return on NAV is -2.17%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
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Rhea-AI Summary
Principal Real Estate Income Fund (PGZ) announces monthly distributions of $0.105 per common share, with an annualized distribution rate of 11.56%. The Fund's net asset value share price is $10.90, and the distributions are payable on February 29, 2024, March 28, 2024, and April 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
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none
Rhea-AI Summary
Principal Real Estate Income Fund (NYSE:PGZ) distributed $0.1050 per share to shareholders of record on December 14, 2023. The distribution sources include net investment income, net realized short-term capital gain, net realized long-term capital gain, and return of capital. The fund has distributed more than its income, and a portion of the distribution may be a return of capital. Shareholders may expect taxable income on their 2023 federal income tax return. The fund's NAV performance indicates a 12.15% annualized distribution rate as % of NAV and a cumulative total return on NAV of 6.78%.
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Rhea-AI Summary
Principal Real Estate Income Fund (PRIF) Announces Renewal of Share Repurchase Program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
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buyback
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Rhea-AI Summary
The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share to shareholders of record at the close of business on November 15, 2023, pursuant to the Fund's managed distribution plan. The distribution consists of 20.67% net investment income and 79.33% return of capital or other capital source. The Fund's fiscal year-to-date cumulative distribution amount per share is 0.1050. The Fund's performance shows a 12.83% annualized distribution rate as a percentage of the NAV on the last day of the month prior to the distribution record date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
none
Rhea-AI Summary
The Principal Real Estate Income Fund (NYSE:PGZ) has announced a distribution of $0.1050 per share to shareholders of record on October 17, 2023. The distribution consists of 52.57% net investment income and 47.43% return of capital or other capital source. The Fund estimates that it has distributed more than its income, indicating a return of capital. Shareholders should be aware that a portion of the distribution may be reportable as taxable income on their 2023 federal income tax return.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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Principal Real Estate Income Fund

NYSE:PGZ

PGZ Rankings

PGZ Stock Data

66.61M
0.08%
28.42%
0.26%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Denver

About PGZ

principal real estate is a real estate company located in 7875 roswell rd # k, atlanta, georgia, united states.