UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )

Filed by the Registrant [x]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ]	Preliminary Proxy Statement
[ ]	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
[ ]	Definitive Proxy Statement
[x]	Definitive Additional Materials
[ ]	Soliciting Material Pursuant to § 240.14a-12

PRINCIPAL REAL ESTATE INCOME FUND

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check appropriate box):

[x]	No fee required
[ ]	Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
	(1) Title of Each class of securities to which transaction applies:
	(2) Aggregate number of securities to which transaction applies:
	(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
	(4) Proposed maximum aggregate value of transaction:

	(5) Total fee paid:
[ ]	Fee paid previously with preliminary materials.
[ ]	Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
	(1) Amount Previously Paid:
	(2) Form, Schedule or Registration No.:
	(3) Filing Party:
	(4) Date Filed:

   

March 2024

Dear Shareholder,

I am writing to ask you to vote on your nominees for Trustee for Principal Real Estate Income Fund (the Fund), at the April 12, 2024 annual meeting of shareholders. Please vote in favor of your Incumbent Nominees using your Fund’s WHITE proxy card. The Board of Trustees of the Fund unanimously recommends that shareholders vote for the Fund’s nominated Incumbent Trustees.

I also want to inform you that hedge fund investor, Saba, has recently sent you proxy material asking for your vote on their opposing slate of trustees. Saba is a short-term opportunist investor who puts their short-term interest before all long-term investors. Your Trustees oppose the Saba proxy solicitation and slate of trustees. Please discard any GOLD proxy cards you receive from Saba. Saba’s solicitation, if successful, could disrupt your Fund’s operations and it is likely that Saba’s nominees would propose a liquidity event. Your Fund’s Board of Trustees urges you NOT to sign any proxy cards sent to you by Saba and sign and return all WHITE proxy cards that you receive from your fund.

Please vote your shares by following the instructions on your Fund’s WHITE proxy card. Regardless of the number of shares you own, it is important that your shares be represented at the meeting by voting your proxy.

I ask that you vote all WHITE proxy cards you receive and discard any GOLD proxy cards.

If you have any questions, please contact our Proxy Solicitor, EQ Fund Solutions, at 877-536-1555, Monday through Friday between the hours of 9:00 a.m. and 10:00 p.m. Eastern Time. Thank you for voting.

Thank you for voting.

Sincerely,

Robert McClure

President

Principal Real Estate Income Fund