Principal Real Estate Income Fund changes its portfolio management team
Marc Peterson retires on October 23, 2026. Kelly Rush stays on, while Laura Rank and Jason Haigh join as co-portfolio managers of the PGZ fund.
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what happened
Principal Real Estate Income Fund (NYSE: PGZ) said Marc Peterson will leave Principal Real Estate Investors and stop serving as a portfolio manager on October 23, 2026. Kelly Rush, CIO of global real estate securities, remains co-portfolio manager.
From the same date, Laura Rank, managing director and portfolio manager, and Jason Haigh, portfolio manager, become co-portfolio managers. The fund says its investment objectives and policies will not change because of Peterson's retirement.
why it matters
A management change at a closed-end fund usually has little effect on its share price when the strategy stays the same. Investors should remember that closed-end fund prices are set by the market and can differ from the value of the underlying assets.
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sources
- Principal Real Estate Income Fund Announces Changes in Portfolio Management — TradingView, 23 October 2026 at 22:45 UTC
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