other material
confidence high
sentiment neutral
materiality 0.25
Principal Credit Real Estate Income Trust raises $12.85M in two unregistered share sales on Oct. 1
Principal Credit Real Estate Income Trust
- Issued 324,649.73 Class A shares at $21.5617 each for $7,000,000 to the Anchor Investors and to an unaffiliated life insurance and annuities company under a July 1, 2026 subscription agreement.
- Continuous private offering sold 287,088.13 common shares for roughly $5,850,000 to third-party investors, plus applicable upfront selling commissions and dealer manager fees.
- Class F-I led the offering: 251,879.28 shares for $5,130,000; Class F-S 31,663.59 shares for $645,000; Class E 2,305.40 for $50,000; Class I 1,239.86 for $25,000.
- Total of 611,737.86 shares issued across both transactions; sales exempt under Section 4(a)(2) and Rule 506 of Regulation D.
- Signed by CFO Brian Riley on October 6, 2026; the trust's securities are not exchange-listed.