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Notice to Shareholders from PRINCIPAL GLOBAL INV (EUROPE) LTD (IE) - 23/05/2025

23 May 2025

We refer to the notification letter from PRINCIPAL GLOBAL INV (EUROPE) LTD (IE) with the following announcement(s).

1. CHANGES TO PROSPECTUS.


Effective from 13/05/2025, there will be changes to the prospectus of the following funds:

• IE00BYM2LQ48 PGIF PREFERRED SECURITIES "D2" (USD) INC
• IE00BFNQRS61 PGIF PREFERRED SECURTIES "D2" (HKD) INC

The Manager may in its absolute discretion terminate a sub-fund of the Trust if its NAV amounts to less than USD 10 million. The Manager, with agreement from the Trustee, has therefore decided to amend section 8.4 of the Trust Deed to increase the Fund closure threshold to USD 50 million to bring it more in proportion with the expected size of the Funds and to allow the Manager to act more strategically and to the benefit of investors in the case of sub-scale funds. The Directors believe that the above changes are in the best interests of the Unitholders of the Funds.

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