# Principal Real Estate Income Fund adds Laura Rank and Jason Haigh as Marc Peterson retires

> Marc Peterson retires from Principal Real Estate Investors on October 23, 2026, as Kelly Rush stays on and Laura Rank and Jason Haigh join.

- Published: 2026-10-23T23:00:26+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-23/principal-real-estate-income-fund-portfolio-manager-changes
- Source: [Business Wire](https://www.businesswire.com/news/home/20261023261340/en/)

## Key takeaways

- Marc Peterson retired from Principal Real Estate Investors on October 23, 2026, ending his role as a portfolio manager of Principal Real Estate Income Fund.
- Kelly Rush, CIO of global real estate securities, remains a co-portfolio manager of the fund.
- Laura Rank, a managing director and portfolio manager, and Jason Haigh, a portfolio manager, became co-portfolio managers effective October 23, 2026.

Marc Peterson retired from Principal Real Estate Investors, LLC, the dedicated real estate investment team of Principal Asset Management, on October 23, 2026, and no longer serves as a portfolio manager of Principal Real Estate Income Fund, [Business Wire](https://www.businesswire.com/news/home/20261023261340/en/) reported. Kelly Rush, CIO of global real estate securities, remains as co-portfolio manager of the fund.

## Principal Real Estate Income Fund Adds Two Co-Managers

Effective October 23, 2026, Laura Rank, a managing director and portfolio manager, and Jason Haigh, a portfolio manager, serve as co-portfolio managers of the fund, according to Business Wire. The fund said there will be no changes to its investment objectives or investment policies in connection with Peterson's retirement.

[Principal Real Estate Income Fund](https://akta.pro/company-profiles/003gx7n/principal-real-estate-income-fund) is a closed-end fund traded on the New York Stock Exchange under the symbol PGZ. [Principal Asset Management](https://akta.pro/company-profiles/000e9f1/principal-asset-management) is the global investment solutions business for Principal Financial Group, managing $601.9 billion in assets, and its investment specialists serve more than 1,100 institutional clients in over 80 markets, the company said. Principal Real Estate Investors LLC is the investment sub-adviser to the fund, and ALPS Advisors, Inc. is the investment adviser.

## Fund Structure and Distribution Record

According to akta.pro [company records](https://akta.pro/company-data), the fund's initial public offering on the NYSE under ticker PGZ in June 2013 established a closed-end fund structure to provide high current income through commercial real estate-related securities. The same records show the fund engaged ALPS Advisors, Inc. as investment adviser and Principal Real Estate Investors LLC as investment sub-adviser in June 2013, a core operating partnership that has remained in place since inception. In August 2026, the fund declared monthly distributions of $0.105 per common share payable August 31, September 30, and October 30, 2026, maintaining its managed distribution plan and an annualized distribution rate of 11.28% on NAV.

## Earlier Distribution Notices

Principal Real Estate Income Fund announced a September 30, 2026 distribution of $0.1050 per share, with 63.71% from net investment income and 36.29% from return of capital, FinancialContent Business Page reported. On August 31, 2026, the fund announced a distribution of $0.1050 per share, with 49.43% from net investment income and 50.57% from return of capital, according to FinancialContent Business Page. The fund declared monthly distributions of $0.105 per common share for August, September, and October 2026, Stock Titan reported on July 1, 2026.

## Fund's Investment Adviser

ALPS Advisors, Inc. is the investment adviser to the fund, and ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member firm, the company said. The fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.

## Companies in this story

- [Principal Real Estate Income Fund company profile](https://akta.pro/company-profiles/003gx7n/principal-real-estate-income-fund) · website: http://www.principalcef.com
- [Principal Asset Management company profile](https://akta.pro/company-profiles/000e9f1/principal-asset-management) · website: https://www.principalam.com
- [SS&C ALPS Advisors company profile](https://akta.pro/company-profiles/0006sc4/ss-c-alps-advisors) · website: https://www.alpsfunds.com/products?fundType=ETF

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