Priority Income Fund, Inc.
PRIF-PJ
New York Stock Exchange24.13
USD
-0.05
(+0.79%)
Priority Income Fund, Inc.
PRIF-PJ
(New York Stock Exchange)
Recent
price
24.13
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Priority Income Fund, Inc. (PRIF-PJ) operates as an externally managed, 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 made to U.S. companies with below-investment-grade or unrated debt, as well as in senior secured loans acquired in primary and secondary markets. The Fund offers common shares alongside multiple series of preferred stock, including the 7.00% Series D Term Preferred Stock due 2029, 6.000% Series J Term Preferred Stock due 2028, 7.000% Series K Cumulative Preferred Stock, and 6.375% Series L Term Preferred Stock due 2029, with distributions declared monthly on both base and bonus components for common shareholders. Headquartered in New York City and launched around 2013 by Prospect Capital Management LLC and affiliates, the Fund targets income-oriented investors seeking diversification from traditional fixed-income assets through its emphasis on first-lien collateralized loan obligations and direct loans to private and public U.S. borrowers across industries. Recent developments include the September 2025 announcement of a 22.0% annualized total cash distribution rate on net asset value for common shares through November 2025, alongside consistent monthly payouts on its preferred series; earlier in 2025, the Fund redeemed all outstanding 6.125% Series I Term Preferred Stock due 2028 and pursued charter amendments in preparation for potential public listing enhancements, while maintaining a repurchase program for outstanding shares amid strong investor demand.