On March 26, 2024, Principal Real Estate Income Fund has filed a definitive proxy statement and urged the shareholders to vote on its proxy card. The Company stated that adding Saba nominees could disrupt the Company?s operations, and it is likely it would propose a liquidity event. The Company also expressed that Saba has a long and established history of acting in its own self-interest.

If Saba takes control of the Company, the Company believes the future of the Company and its investment strategy are uncertain and at risk of being radically changed or liquidated. The Company also stated that it plans to fight vigorously against Saba?s attempted takeover and will continue fighting for all shareholders. Furthermore, the Company urged the shareholders to discard the proxy cards the shareholders receive from Saba Capital Management.