Tender Offer - Principal Real Asset Fund

Form Type: N-23C3A

Filing Date: 2025-06-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000175640425000013

Filing Summary: On June 30, 2025, Principal Real Asset Fund announced a quarterly repurchase offer for shareholders, allowing them to sell their shares back to the fund. This offer aims to provide shareholders with some liquidity options given the lack of a secondary market for the fund's shares. The repurchase period starts on the same date and continues until July 29, 2025, by which time shareholders must submit their repurchase requests. The fund intends to buy back up to 5% of its outstanding shares, with a repurchase price based on the fund's net asset value (NAV) as of July 29, 2025. The NAV prior to this date for Class A, Class I, and Class Y shares was recently reported as $26.10, $26.28, and $26.62, respectively. The offer is geared towards balancing liquidity for shareholders and providing a voluntary exit strategy, while also advising that any tender of shares is a taxable event.