Every material Form 8-K Principal Real Estate Income Fund has filed with the SEC since November 02, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ernest J. Scalberg resigned as a Trustee of the Principal Real Estate Income Fund effective March 11, 2024, and the Board appointed JoEllen Legg to replace him the same day. The filing says his resignation was not due to any disagreement with the Fund on its operations, policies, or practices, and it also records board leadership changes that shareholders may want to note.
Ernest J. Scalberg resigned as Trustee effective March 11, 2024, with no disagreement with the Fund cited
JoEllen Legg was appointed Trustee effective March 11, 2024, and approved to serve on the Audit, Nominating and Corporate Governance, and Qualified Legal Compliance committees
Jerry G. Rutledge was elected Chairman of the Board and Jeremy Held was elected Chairman of the Audit Committee
Effective November 1, 2023, ALPS Advisors, Inc., the Fund's adviser, voluntarily agreed to waive 0.15% of its advisory fee, based on the Fund's average daily Managed Assets. The Fund's sub-advisor, Principal Real Estate Investors, LLC, agreed to share the waiver, reducing its fee by 0.075%. For shareholders, the filing describes a lower fee arrangement for one year.
Adviser fee waiver of 0.15% of average daily Managed Assets, effective November 1, 2023
Sub-advisor fee reduced by 0.075% under the shared waiver
Waiver is in effect for one year
Board of Trustees recommended the waiver at its recent regularly scheduled meeting
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Principal Real Estate Income Fund filing is on SEC EDGAR ↗. 8-K briefs of other companies →