Principal Real Estate Income Fund renews share repurchase program

Principal Real Estate Income Fund announced its board of trustees approved a renewal of the fund's share repurchase program. The program allows the fund to purchase up to approximately 2.1% of its outstanding common shares in the open market from January 21, 2026, through January 21, 2027.

ALPS Advisors, Inc., the fund's advisor, received authorization to repurchase common shares at times and in amounts it believes may enhance shareholder value. The board stated the program aims to reduce the discount between the fund's market price and its net asset value per share.

The fund will implement repurchases on a discretionary basis under the advisor's direction. The board noted that acquiring shares at a discount to net asset value could increase the NAV and benefit remaining shareholders while potentially providing additional trading liquidity.

The announcement includes standard disclaimers that no assurance exists the fund will purchase shares at specific discount levels or amounts, or that share prices will increase due to repurchases. The fund's investment involves various risks including potential loss of principal and exposure to commercial real estate market fluctuations.

ALPS Advisors, Inc. serves as investment adviser while Principal Real Estate Investors, LLC acts as sub-adviser to the closed-end fund. Principal Real Estate Investors manages $105.2 billion in commercial real estate assets as of September 30, 2025.

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