Priority Income Fund, Inc.
PRIF-PI
New York Stock Exchange25.05
USD
+0.01
(+0.06%)
Priority Income Fund, Inc.
PRIF-PI
(New York Stock Exchange)
Recent
price
25.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Priority Income Fund, Inc. operates as a closed-end investment management firm, with its investment advisory services provided by Priority Senior Secured Income Management, LLC, which is managed by professionals from Prospect Capital Management L.P.. The fund primarily aims to generate consistent current income, with long-term capital appreciation as a secondary objective. Its strategy involves deploying capital into pools of senior secured loans and direct investments in senior secured loans, with an emphasis on current income from companies whose debt ratings fall below investment grade. These underlying assets often consist of first-lien, floating-rate loans to large U.S. companies. The fund also strategically invests in collateralized loan obligation (CLO) vehicles, specifically their equity and junior debt tranches. Having reported over $900 million in total assets as of late 2024, the fund announced its intention in April 2025 to pursue a public listing of its common shares on a national securities exchange within the next year, suspending new share offerings in May 2025 to prepare for this transition. Furthermore, in July 2025, it executed a redemption of its 6.125% Series I Term Preferred Stock due 2028. Priority Income Fund, Inc. is domiciled within the United States.