In accordance with generally accepted accounting principles ("GAAP"), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount.

The Principal Real Estate Income Fund (NYSE: PGZ) announces the sources of a distribution paid on November 29, 2019 of $0.11 per share to shareholders of record at the close of business on November 15, 2019, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distribution.

DENVER, Aug. 30, 2019 /PRNewswire/ -- The Principal Real Estate Income Fund (NYSE:PGZ) announces the sources of a distribution paid on August 30, 2019 of $0.11 per share to shareholders of record at the close of business on August 15, 2019, pursuant to the Fund's managed distribution plan. In accordance with generally accepted accounting principles ("GAAP"), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount.

Principal Real Estate Income Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol "PGZ," announced the declaration of monthly distributions of $0.11 per common share, payable on the dates noted below. Based on the Fund's current net asset value share price of $15.29 (as of market close on April 9, 2020), the distributions represent an annualized distribution rate of 8.63%.