Priority Income Fund, Inc.
PRIF-PH
New York Stock Exchange25.02
USD
+0.01
(+0.03%)
CIK
0001554625
ISIN
US74274W7983
Return %
Stock
S&P500
1Y
6.05
19.01
3Y
1.12
65.49
5Y
0.55
72.21
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
- May 7, 2021
- CIK
- 0001554625
- Website
- priority-incomefund.com
- Similar Companies
- Business
- Priority Income Fund, Inc. (PRIF-PH) operates as an externally managed, non-diversified, closed-end fund that seeks current income and secondary long-term capital appreciation through investments primarily in senior secured, floating-rate loans to below-investment-grade U.S. companies; securitized pools of such loans including collateralized loan obligations (CLOs) with exposure to equity and junior tranches; and direct senior secured loans in primary or secondary markets, focusing on first-lien positions with large borrowers averaging over $100 million in EBITDA. The fund, founded in 2013 and headquartered at 10 East 40th Street, 42nd Floor, New York, NY, manages a diversified portfolio with exposure to thousands of underlying loans across industries, emphasizing capital preservation through senior claims and floating rates tied to benchmarks like SOFR or LIBOR with floors. It targets monthly distributions to shareholders, historically around 10-22% annualized, supported by net investment income from its approximately $600 million in assets under management. In recent developments, the fund announced a 22.0% annualized total distribution rate in September 2025, comprising base and bonus components through common shareholder payouts; it continues monthly and quarterly special distributions with 83+ consecutive months paid since inception; and maintains operations under adviser Priority Senior Income Management, LLC, affiliated with Prospect Capital Management L.P., amid ongoing preferred stock series like PRIF-PK and redemptions such as the 6.0% Series H Term Preferred in early 2025.