SEC Form SC 13D filed by Principal Real Estate Income Fund

10/16/23 3:44:14 PM ET

Investment Managers

Finance

Get the next $PGZ alert in real time by email

SC 13D 1 third.txt SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 10/5/23 1. NAME OF REPORTING PERSON Bulldog Investors, LLP 2. CHECK THE BOX IF MEMBER OF A GROUP a[] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION DE ___________________________________________________________ 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 261,014 9. SOLE DISPOSITIVE POWER 0 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 261,014 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 261,014 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 3.88% 14. TYPE OF REPORTING PERSON IA ___________________________________________________________ 1. NAME OF REPORTING PERSON Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 374,020 9. SOLE DISPOSITIVE POWER 0 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 374,020 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 374,020 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 5.55% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 374,020 9. SOLE DISPOSITIVE POWER 0 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 374,020 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 374,020 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 5.55% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of PRINCIPAL REAL ESTATE INCOME FUND ("PGZ" or the "Issuer"). The principal executive offices of PGZ are located at 1290 Broadway, Suite 1100 Denver, CO 80203 Item 2. IDENTITY AND BACKGROUND (a) This statement is filed on behalf of Bulldog Investors,LLP (a Delaware Limited Liability Partnership), Phillip Goldstein, and Andrew Dakos. (b) The business address of the reporting persons is Park 80 West-Plaza Two, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663. (c) Bulldog Investors,LLP is a registered investment adviser. Messrs. Goldstein and Dakos are partners of Bulldog Investors,LLP. (d) n/a (e) n/a (f) Each of Messrs. Goldstein and Dakos is a citizen of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of clients of Bulldog Investors,LLP and on behalf of a registered closed-end investment company for which Messrs. Goldstein and Dakos have investment and voting authority. ITEM 4. PURPOSE OF TRANSACTION The filing persons intend to communicate with the Fund's board of trustees regarding possible measures to address the Fund's double-digit trading discount to net asset value. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As per the N-CSRS filed on 7/07/2023 there were 6,735,367 shares of common stock outstanding as of 4/30/2023. The percentages set forth herein were derived using such number. Phillip Goldstein and Andrew Dakos own Bulldog Investors, LLP, a registered investment advisor. As of October 13, 2023 Bulldog Investors, LLP is deemed to be the beneficial owner of 261,014 shares of PGZ (representing 3.88% of PGZ's outstanding shares) solely by virtue of Bulldog Investors LLP's power to direct the vote of,and dispose of, these shares. As of October 13, 2023, each of Messrs. Goldstein and Dakos is deemed to be the beneficial owner of 374,020 shares of PGZ (representing 5.55% of PGZ's outstanding shares) by virtue of their power to direct the vote of, and dispose of, these shares. (b)Bulldog Investors,LLP has sole power to dispose of and vote 0 shares. Bulldog Investors, LLP has shared power to dispose of and vote 261,014 shares. Certain of Bulldog Investors, LLP's clients (none of whom beneficially own more than 5% of PGZ's shares) share this power with Bulldog Investors, LLP. Messrs. Goldstein and Dakos are partners of Bulldog Investors, LLP. Messrs. Goldstein and Dakos have shared power to dispose of and vote an additional 113,006 shares. c) During the past 60 days the following shares of PGZ were traded. Date Shares Price 10/13/2023 17,550 8.8922 10/12/2023 (4,662) 9.0500 10/12/2023 10,937 8.9970 10/11/2023 1,593 9.0194 10/6/2023 475 8.8500 10/5/2023 7,508 8.7898 10/5/2023 3,405 8.7839 10/4/2023 6,800 8.7933 10/3/2023 10,000 8.9014 10/3/2023 5,543 8.8090 10/2/2023 10,000 9.0300 9/29/2023 669 8.9994 9/28/2023 3,644 9.0000 9/26/2023 8,365 9.0100 9/22/2023 21,885 9.1711 9/21/2023 6,657 9.2824 9/20/2023 2,968 9.3595 9/19/2023 450 9.3100 9/18/2023 5,760 9.3019 9/14/2023 302 9.3000 9/13/2023 739 9.3700 9/12/2023 7,867 9.4445 9/1/2023 495 9.4600 d) Clients of Bulldog Investors, LLP and a closed-end investment company for which Messrs. Goldstein and Dakos have investment authority are entitled to receive any dividends or sales proceeds. e) N/A ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. N/A ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit A After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 10/16/2023 By: /S/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos Bulldog Investors, LLP By: /s/ Andrew Dakos Andrew Dakos, Partner Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. Exhibit A: Agreement to Make Joint Filing Agreement made as of the 16th day of October, 2023, by and among Bulldog Investors, LLP, Phillip Goldstein and Andrew Dakos. WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides that whenever two or more persons are required to file a statement containing the information required by Schedule 13D with respect to the same securities, only one such statement need be filed, so long as, among other things, such filing includes as an exhibit an agreement among such persons that such a statement is filed on behalf of each of them; WHEREAS, in connection with certain holdings of Principal Real Estate Income Fund (PGZ), each of the parties to this Agreement is required to file a statement containing the information required by Schedule 13D with respect to the same holdings of PGZ; NOW THEREFORE, the parties hereby agree that one statement containing the information required by Schedule 13D shall be filed on behalf of each party hereto. IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first written above. By:/s/ Phillip Goldstein By:/s/ Andrew Dakos Phillip Goldstein Andrew Dakos BULLDOG INVESTORS, LLP By:/s/ Andrew Dakos Andrew Dakos, Partner

Get the next $PGZ alert in real time by email

SEC Form SC 13D filed by Principal Real Estate Income Fund

Chat with this insight

Recent Analyst Ratings for
$PGZ

$PGZ
Press Releases

Fastest customizable press release news feed in the world

PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE

PRINCIPAL REAL ESTATE INCOME FUND Announces Notification of Sources of Distribution

PRINCIPAL REAL ESTATE INCOME FUND

$PGZ
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 3 filed by new insider Herrera Michael

SEC Form 3 filed by new insider Hamill Brendan

SEC Form 5 filed by Nicholas Adams

$PGZ
SEC Filings

SEC Form DEFR14A filed by Principal Real Estate Income Fund

SEC Form DEF 14A filed by Principal Real Estate Income Fund

SEC Form N-CEN filed by Principal Real Estate Income Fund

$PGZ
Financials

Live finance-specific insights

PRINCIPAL REAL ESTATE INCOME FUND Announces Notification of Sources of Distribution

PRINCIPAL REAL ESTATE INCOME FUND

PRINCIPAL REAL ESTATE INCOME FUND ANNOUNCES NOTIFICATION OF SOURCES OF DISTRIBUTION

$PGZ
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Principal Real Estate Income Fund

Amendment: SEC Form SC 13D/A filed by Principal Real Estate Income Fund

Amendment: SEC Form SC 13D/A filed by Principal Real Estate Income Fund

SEC Form SC 13D filed by Principal Real Estate Income Fund

Chat with this insight

Recent Analyst Ratings for $PGZ

$PGZ Press Releases

Fastest customizable press release news feed in the world

PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE

PRINCIPAL REAL ESTATE INCOME FUND Announces Notification of Sources of Distribution

PRINCIPAL REAL ESTATE INCOME FUND

$PGZ Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 3 filed by new insider Herrera Michael

SEC Form 3 filed by new insider Hamill Brendan

SEC Form 5 filed by Nicholas Adams

$PGZ SEC Filings

SEC Form DEFR14A filed by Principal Real Estate Income Fund

SEC Form DEF 14A filed by Principal Real Estate Income Fund

SEC Form N-CEN filed by Principal Real Estate Income Fund

$PGZ Financials

Live finance-specific insights

PRINCIPAL REAL ESTATE INCOME FUND Announces Notification of Sources of Distribution

PRINCIPAL REAL ESTATE INCOME FUND

PRINCIPAL REAL ESTATE INCOME FUND ANNOUNCES NOTIFICATION OF SOURCES OF DISTRIBUTION

$PGZ Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Principal Real Estate Income Fund

Amendment: SEC Form SC 13D/A filed by Principal Real Estate Income Fund

Amendment: SEC Form SC 13D/A filed by Principal Real Estate Income Fund

Recent Analyst Ratings for
$PGZ

$PGZ
Press Releases

$PGZ
Insider Trading

$PGZ
SEC Filings

$PGZ
Financials

$PGZ
Large Ownership Changes