Fund Description: Principal Real Estate Income Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Principal Real Estate Income Fund seeks to provide high current income, with capital appreciation as a secondary objective. <p> FUND STRATEGY: Under normal market conditions, the Fund will invest at least 80% of its total assets in commercial real estate-related securities, primarily consisting of commercial mortgage backed securities and other U.S. and non-U.S. real estate-related securities (primarily real estate investment trusts (REITs). The Fund will limit its investments in CMBS to issuers organized in the United States. The Fund will invest in REITs and other real estate-related securities of issuers organized in a number of countries, including the United States. The Fund may invest in both investment grade and below investment grade debt securities. The Fund generally will seek to enhance the level of its cash distributions to holders of Common Shares through the use of leverage, which may include Borrowings the issuance of preferred shares, and the use of derivatives or certain investment techniques. The Fund does not intend to use leverage until the proceeds of this offering are substantially invested in accordance with the Fund's investment objective. <p> FUND MANAGEMENT: ALPS will act as the Fund's investment adviser. PrinREI will act as the Fund's investment subadviser.