Priority Income Fund, Inc.
PRIF-PF
New York Stock Exchange25.30
USD
+0.00
(+0.01%)
CIK
0001554625
ISIN
US74274W8221
Return %
Stock
S&P500
1Y
6.98
26.57
3Y
2.52
76.60
5Y
6.62
78.48
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Grier Eliasek
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 10 East 40th Street New York City NY United States of America 10016
- IPO Date
- Feb 24, 2020
- CIK
- 0001554625
- Website
- priority-incomefund.com
- Similar Companies
- Business
- Priority Income Fund, Inc. Priority Income Fund, Inc. (NYSE: PRIF-PF) is a New York-based, externally managed, non-diversified, closed-end management investment company founded in 2012 that seeks to generate current income and, to a secondary extent, long-term capital appreciation by investing under normal circumstances at least 80% of its total assets or net assets plus borrowings in senior secured loans made primarily to U.S. private and public companies with debt rated below investment grade or unrated, or in securitized pools of such loans including collateralized loan obligations (CLOs); these floating-rate, first-lien instruments span over 20 industries, with the portfolio encompassing more than 2,000 senior secured loans across 1,400+ underlying companies and approximately 255 CLO positions as of early 2024, emphasizing income generation while mitigating duration risk through floating rates. The Fund, managed by Priority Senior Secured Income Management, LLC—a team drawn from Prospect Capital Management L.P. Prospect Capital Corporation—offers multiple share classes including common stock and term preferred stock series such as 7.00% Series D due 2029 (PRIF PRD), 6.000% Series J due 2028 (PRIF PRJ), 7.000% Series K (PRIF PRK), and 6.375% Series L due 2029 (PRIF PRL), with distributions comprising a base rate plus bonus components that have delivered over 10 years of fully covered payouts at annualized rates exceeding 17% on offering price or 22% on net asset value in recent periods. Recent major changes include the June 2025 redemption of all 6.125% Series I Term Preferred Stock due 2028 (PRIF PRI) at $25 per share plus accrued dividends, following similar full redemptions of 6.625% Series F due 2027 in May 2025 and 6.000% Series H due 2026 in March 2025, alongside announcements of elevated cash distribution rates for mid-2025 and a strategic technology collaboration with Prospect Capital Management to enhance operations.