Core Points - Priority Income Fund has declared monthly cash "base" and "bonus" distributions for June, July, and August 2025, consistent with prior distributions [1][2] - The annualized total cash distribution is $1.34016 per share, with Class R at a 17.4% annualized rate and Class I at an 18.7% annualized rate [2] - Cumulative cash distributions since inception in January 2014 total $16.39 per common share through August 2025 [5] Monthly Cash "Base" Distribution - The cash "base" distribution is $0.08056 for June and July 2025, and $0.10070 for August 2025, payable monthly [3] - These distributions represent the 138th, 139th, and 140th consecutive monthly "base" distributions [3] Monthly Cash "Bonus" Distribution - The cash "bonus" distribution is $0.024167 for June, July, and August 2025, representing the 57th, 58th, and 59th monthly "bonus" distributions [4] Preferred Stock Distributions - The Fund has declared distributions on various series of preferred stock, including Series D, I, J, K, and L, with amounts ranging from $0.37500 to $0.43750 per share [6][7] Fund Overview - Priority Income Fund is a registered closed-end fund focused on acquiring and growing an investment portfolio primarily consisting of senior secured loans and collateralized loan obligations (CLOs) [9] - The Fund is managed by Priority Senior Secured Income Management, LLC, which has a team of investment professionals from Prospect Capital Management L.P. [9]

Core Insights - Prospect Capital Corporation's President and COO, Grier Eliasek, emphasizes attractive opportunities in the lower and core middle-market for lenders seeking favorable deal terms and higher risk-adjusted returns [1][2] - The company focuses on underwriting strategies that target less cyclical industries and companies with resilient cash flows, while negotiating lower leverage multiples and tighter covenants to manage credit risk [2][3] Market Position - Prospect Capital is recognized as a market leader in the lower and core middle-market direct lending space, with a notable trend of significant capital being raised for direct lending at the upper end of the market [2][3] - The company has maintained financial ratio maintenance covenants in the lower and core middle-market, which have largely disappeared in the upper middle-market due to intense competition [3] Performance Metrics - Prospect Capital Corporation has achieved a realized gross annualized internal rate of return (IRR) of approximately 13%, based on total capital invested of about $11.8 billion and total proceeds from exited investments of approximately $14.9 billion [4]

Core Viewpoint - Priority Income Fund, Inc. will redeem all outstanding shares of its 6.625% Series F Term Preferred Stock due 2027 at a price of $25 per share, plus accrued but unpaid dividends, with the redemption date set for June 11, 2025 [1][2]. Group 1: Redemption Details - The redemption price will be $25 per Series F Preferred Share, plus accrued but unpaid dividends from March 31, 2025, to the redemption date [1]. - On the redemption date, dividends will cease to accumulate on the redeemed shares, and holders will only have the right to receive the redemption price [2]. - The Series F Preferred Shares are held through The Depository Trust Company and will be redeemed according to applicable procedures [3]. Group 2: Remaining Preferred Shares - After the redemption of the Series F Preferred Shares, the Fund will have outstanding shares of several other preferred stocks, including 7.00% Series D Term Preferred Stock due 2029, 6.125% Series I Term Preferred Stock due 2028, 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 [4]. Group 3: Company Overview - Priority Income Fund, Inc. is a registered closed-end fund focused on acquiring and growing an investment portfolio primarily consisting of senior secured loans or collateralized loan obligations (CLOs) [5]. - The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team from Prospect Capital Management L.P. [5]. - Prospect Capital Management L.P. has over 37 years of experience in managing high-yielding debt and equity investments, with $8.3 billion in assets under management as of December 31, 2024 [6].

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions’ 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City"). The recognition highlights Prospect’s role as a significant capital provider and lender in the transaction, whic ...