Principal Real Estate Income Fund announced the declaration of monthly distributions of $0.145 per common share, payable February 26, 2015, March 26, 2015 and April 23, 2015. Based on the Fund's current share price of $19.40 (as of market close on January 28, 2015), the distributions represent an annualized distribution rate of 8.97%. Ex dates are February 12, 2015, March 12, 2015 and April 9, 2015.

Record dates are February 17, 2015, March 16, 2015 and April 13, 2015.