Principal Real Estate Fund Announces Notification of Sources of Distribution

DENVER, Dec. 30, 2022 /PRNewswire/ — The Foremost Actual Property Source of revenue Fund (NYSE: PGZ) publicizes the resources of a distribution paid on December 30, 2022 of $0.1050 consistent with proportion to shareholders of document on the shut of industrial on December 15, 2022, pursuant to the Fund’s controlled distribution plan. This press unencumber is issued as required by means of an exemptive order granted to the Fund by means of the U.S. Securities and Alternate Fee and contains the attention underneath despatched to shareholders in regards to the supply of the distribution.    

Remark Pursuant to Phase 19(a) of the Funding Corporate Act of 1940

The next desk units forth the estimated quantity of the resources of distribution for functions of Phase 19 of the Funding Corporate Act of 1940, as amended, and the similar regulations followed thereunder. Based on typically permitted accounting ideas (“GAAP”), the Fund estimates the next percentages, of the entire distribution quantity consistent with proportion, because of (i) present and prior fiscal 12 months internet funding source of revenue, (ii) internet learned momentary capital acquire, (iii) internet learned long-term capital acquire and (iv) go back of capital or different capital supply as a share of the entire distribution quantity. Those percentages are disclosed for the present distribution in addition to the fiscal year-to-date cumulative distribution quantity consistent with proportion for the Fund.

The Fund estimates that it has disbursed greater than its source of revenue; subsequently, a portion of your distribution is also a go back of capital. A go back of capital might happen, for instance, when some or the entire cash that you simply invested within the Fund is paid again to you. A go back of capital distribution does no longer essentially mirror the Fund’s funding efficiency and must no longer be perplexed with ‘yield’ or ‘source of revenue’.

The timing and personality of distributions for federal source of revenue tax functions are made up our minds in keeping with source of revenue tax rules which might range from GAAP. As such, all or a portion of this distribution is also reportable as taxable source of revenue for your 2022 federal source of revenue tax go back. The overall tax personality of any distribution declared in 2022 shall be made up our minds in January 2023 and reported to you on IRS Shape 1099-DIV.

The quantities and resources of distributions reported on this 19(a) Understand are best estimates and no longer for tax reporting functions. The true quantities and resources of the quantities for tax reporting functions will depend on the Fund’s funding enjoy right through the rest of its fiscal 12 months and is also topic to adjustments in response to tax rules. The Fund will ship you a Shape 1099-DIV for the calendar 12 months that may inform you tips on how to record those distributions for federal source of revenue tax functions.

Introduced underneath are go back figures, in response to the trade within the Fund’s Web Asset Price consistent with proportion (“NAV”), in comparison to the annualized distribution fee for this present distribution as a share of the NAV at the ultimate day of the month previous to distribution document date.

Fund Efficiency & Distribution Data

^ In accordance with the Fund’s NAV as of November 30, 2022.
*Cumulative fiscal year-to-date go back is in response to the trade in NAV together with distributions paid and assuming reinvestment of those distributions for the duration November 1, 2022 thru November 30, 2022. 
**The 5 12 months moderate annual overall go back is in response to trade in NAV together with distributions paid and assuming reinvestment of those distributions and is throughout the ultimate industry day of the month previous to the month of the present distribution document date.

Whilst the NAV efficiency is also indicative of the Fund’s funding efficiency, it does no longer measure the worth of a shareholder’s funding within the Fund. The worth of a shareholder’s funding within the Fund is made up our minds by means of the Fund’s marketplace worth, which is in response to the provision and insist for the Fund’s stocks within the open marketplace. Previous efficiency does no longer ensure long run effects. Shareholders must no longer draw any conclusions concerning the Fund’s funding efficiency from the quantity of this distribution or from the phrases of the Fund’s Controlled Distribution Plan.

Moreover, the Board of Trustees opinions the quantity of any possible distribution and the source of revenue, capital acquire or capital to be had. The Board of Trustees will proceed to watch the Fund’s distribution stage, bearing in mind the Fund’s internet asset price and the monetary marketplace atmosphere. The Fund’s distribution coverage is topic to amendment by means of the Board of Trustees at any time. The distribution fee must no longer be regarded as the dividend yield or overall go back on an funding within the Fund.

Please retain this file on your information.

ALPS Advisors, Inc. is the funding adviser to the Fund.

Foremost Actual Property Buyers LLC is the funding sub-adviser to the Fund. Foremost Actual Property Buyers LLC isn’t affiliated with ALPS Advisors, Inc. or any of its associates.

ALPS Portfolio Answers Distributor, Inc. is the FINRA Member.

PRE000363  12/30/2023

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SOURCE Foremost Actual Property Source of revenue Fund