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Principal Real Estate Income Fund Increases Its Monthly Distributions 3 125% To $0 0825 Per Share

RISKS This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund s distributions. In early 2022, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder s tax return (e.g., ordinary income, long-term capital gain or return of capital). 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.

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