Press Release FeedGet the RSS feed
Menu

Business Wire

Principal Real Estate Income Fund Announces Changes in Portfolio Management

Business Wire

DENVER, October 23, 2026--Principal Real Estate Income Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol "PGZ," announced Marc Peterson will retire from Principal Real Estate Investors, LLC ("PrinREI"), the dedicated real estate investment team of Principal Asset Management®, on October 23, 2026, and will no longer serve as a portfolio manager of the Fund at that time. Kelly Rush, CIO of global real estate securities, will remain as co-portfolio manager of the Fund and, effective October 23, 2026, Laura Rank, managing director and portfolio manager, and Jason Haigh, portfolio manager, will serve as co-portfolio managers. There will be no changes to the Fund's investment objectives or investment policies in connection with Peterson's retirement.

RISKS

An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment and exposure to below-investment grade investments (i.e., "junk bonds"). The Fund's net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund's use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.

Securities backed by commercial real estate assets are subject to market risks similar to those of direct ownership of commercial real estate assets including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions.

The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.principalcef.com or call 855.838.9485. Please read them carefully before investing.

Shares of closed-end investment companies frequently trade at a discount from their net asset value and initial offering prices.

  1. InsuranceBest’s Commentary: AM Best Comments on Impact of Civil Unrest on France’s InsurersAMSTERDAM, October 23, 2026--The recent civil unrest witnessed across France has highlighted the need for Strikes, Riots and Civil Commotion (SRCC) coverage to close the insurance gap from these kinds of events, according to a new AM Best commentary. Historically, insurers have included SRCC coverage a
  2. EducationKBRA Assigns BBB- Rating to Board of Education of the City of Chicago Unlimited Tax General Obligation Bonds (Dedicated Revenues), Series 2026A; Affirms Related Ratings; Outlook Remains NegativeNEW YORK, October 23, 2026--KBRA assigns a long-term rating of BBB- to the Board of Education of the City of Chicago Unlimited Tax General Obligation Bonds (Dedicated Revenues), Series 2026A. KBRA additionally affirms the long-term ratings of BBB- for the District's Unlimited Tax General Obligation Bon
  3. FinanceVital FarmsVital Farms Introduces a Higher Standard for Free-Range Eggs Through Limited Pilot at Select Target Retail StoresNew offering aims to reach more households at an accessible price point while maintaining Vital Farms' commitments to animal welfare, quality and transparency. AUSTIN, Texas, October 23, 2026--Vital Farms (Nasdaq: VITL) announced today the pilot launch of Vital Farms Free-Range eggs, which are expected to arrive in select Target retail stores across the South and Southeast beginning this week. Th
  4. FinanceNu Holdings Ltd.Notice to Market: Nu Holdings Ltd.GRAND CAYMAN, Cayman Islands, October 23, 2026--Nu Holdings Ltd. (NYSE: NU) (" Nu " or the " Company "), one of the world's largest digital banking platforms, announced that Eric Young, its Chief Technology Officer, has decided to resign to pursue a new professional opportunity. Mr. Young is expected
  5. Cloud & data centersKBRA Assigns Preliminary Ratings to US Signal Issuer LLC and US Signal Co-Issuer LLC Series 2026-1/2NEW YORK, October 23, 2026--KBRA assigns preliminary ratings to three classes of notes from US Signal Issuer LLC and US Signal Co-Issuer LLC Series 2026-1 and Series 2026-2 (together, Series 2026-1/2), a colocation data center ABS transaction. The transaction represents the first ABS issuance issued by
  6. FinanceAN2 Therapeutics, Inc.AN2 Therapeutics, Inc. Reports Inducement Grants Under Listing Rule 5635(c)(4)MENLO PARK, Calif., October 23, 2026--AN2 Therapeutics, Inc. (Nasdaq: ANTX), a clinical stage biopharmaceutical company developing novel small molecule therapeutics derived from its boron chemistry platform, today announced it granted inducement equity awards to two newly-hired employees. On October 19