Principal Real Estate Income Stock Price, News & Analysis

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%.

On January 3, 2023, Principal Real Estate Income Fund (PGZ) declared monthly distributions of $0.105 per common share, corresponding to an annualized rate of 10.01% based on its $12.59 net asset value as of December 29, 2022. Notable distribution dates include: Ex dates on February 9, March 16, and April 13, 2023; Record dates on February 10, March 17, and April 14, 2023; and Payable dates on February 28, March 31, and April 28, 2023. The press release cautions investors about risks associated with investment in the Fund and clarifies that past performance does not guarantee future results.

The Board of Trustees of Principal Real Estate Income Fund has approved a renewal of its share repurchase program, allowing for the buyback of up to 3.5% of its outstanding common shares starting January 21, 2023, through January 21, 2024. This initiative aims to enhance shareholder value and reduce the market price discount relative to the fund's net asset value (NAV). The program will be executed at the Advisor's discretion, though no specific purchase levels or amounts are guaranteed.

The Principal Real Estate Income Fund (NYSE: PGZ) announced a distribution of $0.1050 per share on November 30, 2022, to shareholders recorded by November 15, 2022, as part of its managed distribution plan. The distribution sources include 7.71% from net investment income and 92.29% as return of capital. The fund clarified that a portion of this distribution might reflect a return of capital rather than investment performance. Tax reporting for the distribution will be finalized in January 2023, with Form 1099-DIV provided for federal income tax purposes.

The Principal Real Estate Income Fund (PGZ) announced monthly distributions of $0.105 per common share, reflecting an annualized distribution rate of 9.64% based on a net asset value of $13.07 as of September 30, 2022. Key distribution dates are set for November, December 2022, and January 2023. The Fund emphasizes that investing involves risks, including potential loss of the investment and market fluctuations affecting net asset value. Shareholders will receive tax characterization information in early 2023.

Principal Real Estate Income Fund (PGZ) announced monthly distributions of $0.105 per share, equating to an annualized distribution rate of 8.50%, based on a net asset value share price of $14.82 as of June 27, 2022. The distributions have specific ex, record, and payable dates, with payments beginning August 31, 2022. The release notes the associated risks, including potential lack of returns and market fluctuations. Investors should consider investment objectives and risks carefully before investing in the Fund.

Principal Real Estate Income Fund, traded as PGZ, announces a 5.00% increase in monthly distributions to $0.105 per share starting May, reflecting an annualized distribution rate of 7.37% based on the current net asset value of $17.09 as of March 29, 2022. Key distribution dates include Ex Date on May 12, Record Date on May 13, and Payable Date on May 31. The Fund highlights that investments carry risks, including potential loss of capital, and should be considered for long-term objectives only.