Preferred Stock Distributions
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Priority Income Fund Announces Preferred Stock Distributions for March 2026
Globenewswire· 2026-03-09 15:10
Core Viewpoint - Priority Income Fund, Inc. has declared distributions for its preferred stock series, indicating ongoing financial activity and commitment to shareholder returns [1][2]. Group 1: Distribution Details - The Fund has announced distributions for the following preferred stock series: - 7.00% Series D Term Preferred Stock due 2029 with a distribution of $0.43750 per share [2] - 6.000% Series J Term Preferred Stock due 2028 with a distribution of $0.37500 per share [2] - 7.000% Series K Cumulative Preferred Stock with a distribution of $0.43750 per share [2] - 6.375% Series L Term Preferred Stock due 2029 with a distribution of $0.39844 per share [2] - All distributions are scheduled to be payable on March 31, 2026, with an ex-dividend and record date of March 23, 2026 [2]. Group 2: Fund 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 and collateralized loan obligations (CLOs) [3]. - The Fund's loans typically have a floating interest rate and a first lien on the assets of borrowers, which are generally private and public companies based in the United States [3]. - The Fund is managed by Priority Senior Secured Income Management, LLC, which comprises a team of investment professionals from Prospect Capital Management L.P. [3]. Group 3: Management and Affiliates - Prospect Capital Management L.P. is the investment adviser for Priority Income Fund and has over 30 years of experience in managing high-yielding debt and equity investments [4]. - As of December 31, 2025, Prospect and its affiliates manage $7.2 billion in assets [4]. - Preferred Capital Securities, LLC serves as the dealer-manager for Priority Income Fund and has raised over $4.9 billion in capital for various alternative investment strategies [5].