Principal Real Estate Income Fund (NYSE:PGZ) announces a share repurchase program. Under the program, the company will repurchase up to 3.5% of its issued share capital. The purpose of share repurchases to enhance shareholder value and potentially reduce the discount between the market price of the Fund's common share and the net asset value per share.

The program will commence from January 21, 2024 and valid till January 21, 2025. ALPS Advisors, Inc. acted as advisor to the company.