Priority Income Fund, Inc.
PRIF-PG
New York Stock Exchange25.34
USD
+0.01
(+0.04%)
CIK
0001554625
ISIN
US74274W8148
Return %
Stock
S&P500
1Y
7.37
19.01
3Y
-0.63
65.48
5Y
2.59
72.20
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
- Mar 24, 2021
- CIK
- 0001554625
- Website
- priority-incomefund.com
- Similar Companies
- Business
- Priority Income Fund, Inc. (NYSE: PRIF-PG) operates as an externally managed, non-diversified, closed-end management investment company focused on generating current income and, secondarily, long-term capital appreciation; it invests primarily in securitized pools of senior secured, floating-rate loans, including collateralized loan obligations (CLOs), and direct senior secured loans made to U.S. companies with below-investment-grade or unrated debt, targeting broad diversification across over 2,000 loans in 1,400-plus companies spanning 20-plus industries. The Fund offers common shares, multiple series of preferred stock such as 7.00% Series D Term Preferred due 2029 (PRIF PRD), 6.125% Series I Term Preferred due 2028 (PRIF PRI), 6.000% Series J Term Preferred due 2028 (PRIF PRJ), 7.000% Series K Cumulative Preferred (PRIF PRK), and 6.375% Series L Term Preferred due 2029 (PRIF PRL), with monthly cash distributions comprising base and bonus components yielding an annualized total cash distribution rate of 22.0% on net asset value as of September 2025; its portfolio emphasizes first-lien security, floating rates to mitigate duration risk, and investments in both primary and secondary markets. Founded in 2013 and headquartered at 700 South Rosemary Avenue, Suite 204, West Palm Beach, Florida, the Fund is managed by Priority Senior Secured Income Management, LLC, an affiliate of Prospect Capital Management L.P., with key executives including CEO Michael Eliasek and CFO Kristin Lea Dask; it was previously known as Priority Senior Secured Income Fund, Inc., and maintains total assets exceeding $900 million as of December 31, 2024, domiciled in the United States with operations centered on U.S. borrowers. Recent developments include the redemption of its 6.000% Series H Term Preferred Stock due 2026 in April 2025 and 6.625% Series F Term Preferred Stock due 2027 in May 2025, suspension of its common share offering on May 1, 2025, in preparation for a potential listing of common shares on a public exchange advised by Lucid Capital Markets LLC, and a quarterly share repurchase program in March 2025 that fulfilled 60% of tendered shares at $7.17 net asset value amid high demand.