7.000% Series K Cumulative Preferred Stock

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Priority Income Fund Announces Redemption of its 6.125% Series I Term Preferred Stock Due 2028
GlobeNewswire News Room· 2025-06-13 20:01
Core Viewpoint - Priority Income Fund, Inc. will redeem all outstanding shares of its 6.125% Series I Term Preferred Stock due 2028 at a price of $25 per share, plus accrued but unpaid dividends, with the redemption date set for July 14, 2025 [1][2]. Group 1 - The redemption price for the Series I Preferred Shares will be $25 per share, plus accrued dividends from March 31, 2025, to the redemption date [1][2]. - After the redemption date, dividends on the redeemed shares will cease to accumulate, and holders will only have the right to receive the redemption price [2]. - The Series I Preferred Shares are held through The Depository Trust Company and will be redeemed according to applicable procedures [3]. Group 2 - Following the redemption, the Fund will have outstanding shares of 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 [4]. - Priority Income Fund 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][6].
Priority Income Fund Announces Redemption of its 6.625% Series F Term Preferred Stock Due 2027
GlobeNewswire News Room· 2025-05-12 20:01
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].