On October 25, 2023, Bulldog Investors, LLP announced that it has advise Principal Real Estate Income Fund that it intends to (1) nominate 1 person, Paul Poole, for election as a Trustee of the Trust and (2) present 1 additional proposal, requesting that the Board of Trustees take steps to merge the Trust into Principal Real Estate Securities Fund, at the Trust's 2024 annual meeting of shareholders.