EX-99.(L)(59) 16 ex99l59-initialcapitalagmt.htm INITIAL CAPITAL AGMT CLASS A EDGE MIDCAP 123318 Exhibit


Principal Global Investors, LLC
801 Grand Avenue, Des Moines, IA 50309
800-553-1390 tel
www.principalglobal.com
newprincipallogo.jpg


December 31, 2018


Mr. Michael Beer, President
Principal Funds, Inc.
Principal Financial Group
Des Moines, IA 50392-2080


Dear Mr. Beer:

Principal Global Investors, LLC intends to purchase the following shares (the “Shares”):

Principal Funds, Inc. -
Purchase
Amount
Shares
Purchased
EDGE Midcap Fund - Class A
$10,000
834.725

Each share of the Equity Income Fund has a par value of $0.01 and a price of $11.98 per share. In connection with such purchase, Principal Global Investors, LLC represents and warrants that it will purchase such Shares as an investment and not with a view to resell, distribute or redeem.


PRINCIPAL GLOBAL INVESTORS, LLC
 
 
BY
/s/ Adam U. Shaikh
 
Adam U. Shaikh
 
Counsel