Welcome to our dedicated page for Principal Real Estate Income SEC filings (Ticker: PGZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. regulatory filings and related disclosures for Principal Real Estate Income Fund (NYSE: PGZ), a non-diversified, closed-end management investment company focused on commercial real estate-related securities. While no specific SEC filings are listed here, the Fund’s public communications reference requirements under the Investment Company Act of 1940 and exemptive orders governing its managed distribution plan.
Investors interested in PGZ SEC filings typically look for documents that explain its investment objective of high current income with capital appreciation, its focus on commercial real estate-related securities and its non-diversified structure. Regulatory materials also describe the Fund’s managed distribution plan, including how distributions may be sourced from net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital sources.
Section 19(a) notices, referenced in company press releases, illustrate how the Fund estimates the components of each distribution under generally accepted accounting principles and explain that final tax characterization is reported to shareholders on Form 1099-DIV. These notices sit alongside other regulatory disclosures that address risk factors such as exposure to below-investment grade investments, the use of leverage, and the potential for the Fund’s shares to trade at a discount to net asset value.
On Stock Titan, filings are paired with AI-powered summaries that highlight key points, helping readers interpret complex language in annual and semi-annual reports, distribution-related notices and other regulatory documents. Real-time updates from EDGAR and structured access to information about distributions, leverage and risk disclosures make it easier to review Principal Real Estate Income Fund’s regulatory history.
Principal Real Estate Income Fund has called its 2026 annual shareholder meeting for April 10, 2026 at 10:00 a.m. Mountain Time, to be held solely by telephone, with no in‑person attendance.
Shareholders of record at the close of business on February 6, 2026, when 6,694,109 common shares were outstanding, are entitled to vote. The main proposal is the election of independent trustee nominee Stephanie J. Bullington to a three‑year term ending at the 2029 annual meeting. The Board of Trustees recommends a vote "FOR" the nominee.
The proxy materials describe the Fund’s governance structure, including an all‑independent Audit Committee, Nominating and Corporate Governance Committee, and Qualified Legal Compliance Committee, and disclose trustee compensation and share ownership. Cohen & Company, Ltd. is identified as the independent registered public accounting firm, with $34,500 in audit fees and $4,300 in tax fees for the fiscal year ended October 31, 2025.
The investment company associated with ticker PGZ submitted its annual Form N‑CEN, a census-style report required for registered funds. The filing outlines the fund’s organizational details, key service providers, and regulatory items such as directors, chief compliance officer, custodians, administrators, and transfer agents.
The report also discloses trading-related data. The fund paid aggregate brokerage commissions of 26,308 across multiple brokers, with individual gross commission amounts ranging from 889 to 4,739. Principal transactions with dealers reached multi‑million levels, including total purchase and sale values of 9,046,953 and 6,908,933 with two counterparties, reflecting the scale of the fund’s trading activity over the period.
Principal Real Estate Income Fund focuses on high current income from commercial real estate–related securities, mainly CMBS and REITs. As of October 31, 2025, it held 64.84% in CMBS and 31.19% in U.S. and international real estate securities.
For the 12 months ended October 31, 2025, the Fund returned 9.46% at market price and 8.07% on NAV, including dividends. This trailed the S&P 500 Index at 21.43% but exceeded the Bloomberg U.S. Aggregate Bond Index at 6.16%. The closing market price of $10.39 represented an 8.5% discount to its $11.36 NAV.
The Fund pays a managed monthly distribution of $0.105 per share, funded by a mix of net investment income and return of capital; in 2025 it paid $4,972,152 as ordinary income and $3,462,425 as return of capital. It employs leverage via a bank credit line, with $32,000,000 outstanding and a total expense ratio of 4.79% of average net assets including interest. Subsequent to year-end, advisory, sub-advisory and administration fees were reduced effective January 1, 2026.
Principal Real Estate Income Fund (PGZ) reported an insider purchase on a Form 4. On 11/10/2025, Laton Spahr, President of the Advisor, bought 4,512 shares at $10.36 and 5,488 shares at $10.34.
After these transactions, the reporting person beneficially owned 35,627 shares, held directly.
Bulldog Investors, LLP and principals Phillip Goldstein and Andrew Dakos amended their Schedule 13D to update ownership in Principal Real Estate Income Fund (PGZ). Bulldog is deemed the beneficial owner of 333,144 shares, representing 4.98% of the 6,694,109 shares reported outstanding, with Mr. Goldstein reported as beneficial owner of 333,261 shares and Mr. Dakos of 333,144 shares.
The filing shows shared voting and dispositive power for these shares and discloses no contracts or arrangements with the issuer. The statement also lists recent sales totaling 37,752 shares over several days at prices roughly between $10.45 and $10.53, and confirms clients are entitled to any dividends or proceeds.