PRINCIPAL REAL ESTATE INCOME FUND CONTINUES SHARE REPURCHASE PROGRAM
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Principal Real Estate Income Fund has announced the renewal of its share repurchase program, allowing the purchase of up to 2.1% of its outstanding common shares from January 21, 2025, to January 21, 2026.
December 18, 2024 | 10:00 pm
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Principal Real Estate Income Fund has renewed its share repurchase program, allowing the buyback of up to 2.1% of its outstanding shares over the next year.
The renewal of the share repurchase program is a positive signal to investors, indicating confidence in the fund's value. This action can lead to a short-term increase in stock price due to reduced supply and perceived value enhancement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100