Principal Real Estate Income Stock Price, News & Analysis

The Principal Real Estate Income Fund (PGZ) has announced a monthly distribution of $0.105 per common share, translating to an annualized distribution rate of 11.09%, based on a net asset value share price of $11.36 as of March 30, 2023. The distributions are scheduled for May, June, and July 2023, with payment dates following the record dates. Investors should note that this announcement is not for tax reporting purposes, and the actual tax implications will be communicated in 2024. The investment is subject to risks, including market fluctuations and the potential for loss or reduced returns, particularly due to its exposure to below-investment grade investments.

The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share, payable on March 31, 2023, to shareholders of record as of March 17, 2023. The distribution is part of the Fund's managed distribution plan and is subject to an exemptive order from the U.S. Securities and Exchange Commission. The estimated sources of the distribution include 52.19% from net investment income and 47.81% from return of capital. Notably, a portion of the distribution may be considered a return of capital, which can affect tax reporting. As of February 28, 2023, the annualized distribution rate was 10.34%.

Pan Global Resources Inc. announced its qualification for trading on the OTCQB Venture Market in the U.S. under the symbol PGZFF. This upgrade from the OTC Pinks to OTCQB enhances the company's visibility and access to U.S. investors, which is crucial as it advances the Escacena Copper Project in southern Spain. The 2023 project involves over 50 drill holes and ongoing exploration at key targets, including La Romana and Zarcita. The listing supports the company’s growth strategy and allows lower-barrier access for investors. Current financial details can be accessed via www.otcmarkets.com.

The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share on February 28, 2023, to shareholders on record as of February 10, 2023. This distribution is part of the Fund's managed distribution plan. A significant portion of the distribution, 100%, is categorized as a return of capital, indicating that shareholders are receiving back part of their investment rather than income from net investment gain. The Fund's fiscal year-to-date cumulative distributions show a cumulative distribution rate of 2.47% and an annualized distribution rate of 9.89%.

The Principal Real Estate Income Fund (NYSE:PGZ) announced a distribution of $0.1050 per share, paid on January 31, 2023, to shareholders of record on January 13, 2023. This distribution is part of the Fund's managed distribution plan, reflecting a combination of net investment income and return of capital. Specifically, 61.33% of the distribution is attributed to net investment income, while 38.67% is classified as a return of capital. The Fund also noted its annualized distribution rate as 10.02% based on the NAV as of December 31, 2022, with average annual total return over the last five years at -0.87%.