NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared monthly cash common shareholder distributions for December 2025, January 2026, and February 2026. The annualized total cash distribution is $1.05016 per share (20.71% annualized rate based on the November 30, 2025 net asset value), for distributions with record dates between December 2, 2025 and February 3, 2026 based on the November 30 ...

Core Viewpoint - Priority Income Fund, Inc. has declared distributions for its preferred stock series, indicating ongoing income generation for investors [1][2]. Distribution Details - The Fund has announced the following distributions per share for its preferred stock series, all payable on December 31, 2025: - Series D: $0.43750 - Series J: $0.37500 - Series K: $0.43750 - Series L: $0.39844 - All series have an ex-dividend date and record date of December 23, 2025 [2]. Fund Overview - Priority Income Fund, Inc. is a registered closed-end fund focused on acquiring and growing a portfolio primarily consisting of senior secured loans and collateralized loan obligations (CLOs) [3]. - The Fund is managed by Priority Senior Secured Income Management, LLC, which comprises a team from Prospect Capital Management L.P. [3]. Management Background - Prospect Capital Management L.P. has over 30 years of experience in managing high-yielding debt and equity investments, with $7.3 billion in assets under management as of September 30, 2025 [4]. Dealer-Manager Information - Preferred Capital Securities, LLC serves as the dealer-manager for Priority Income Fund, having raised over $4.9 billion in capital for various alternative investment strategies since its formation in 2013 [5].

Financial Performance - GAAP Net Income was $43 million, or $011 per share[12] - Net Asset Value was $2251 million, or $599 per share as of September 30, 2025[12] - Net Investment Income was $85 million, or $023 per share[12] - The CLO portfolio grew by 20% from $3169 million as of June 30, 2025, to $3796 million as of September 30, 2025[12, 18] - The weighted average GAAP yield for the quarter, based on amortized cost, was 155% on the total CLO portfolio[12] Portfolio Composition - CLO debt investments totaled $1855 million, with 77% in the U S and 23% in Europe[12] - CLO equity investments totaled $1940 million, with 95% in the U S and 5% in Europe[12] - The underlying loan portfolio is primarily composed of first lien, floating-rate leveraged loans, representing approximately 97% of the assets[22] - The CLO portfolio's underlying loans have a weighted average maturity of 42 years and a weighted average loan facility size of $16 billion[21, 23] Market Trends - U S CLO BBB Tranche Spread was 260, a decrease of 25 from the previous quarter[11] - U S CLO Issuance was $1596 billion, an increase of $646 billion from the previous quarter[11] - U S Trailing-Twelve-Month Default Rate was 139%, an increase of 028% from the previous quarter[11]

Core Insights - The article discusses the growing interest in collateralized loan obligations (CLOs) and the recent trend of launching exchange-traded funds (ETFs) that invest in CLOs, highlighting their appeal due to high yields in a rising interest rate environment [2][3]. Group 1: Market Trends - Issuers are increasingly entering the CLO ETF market, with Janus Henderson and Reckoner Capital Management recently proposing new CLO strategies [2]. - The appeal of CLO ETFs is attributed to their high yields compared to other bond funds, particularly during a period of high interest rates [2][3]. Group 2: Investment Strategies - Janus Henderson's new fund will focus on AA- and A-rated CLOs, which carry higher risk than AAA-rated bonds but offer the potential for higher returns [3]. - The first CLO ETF launched by Janus Henderson, JAAA, provides access to a diverse range of CLOs, allowing investors to benefit from corporate loan repayments [3]. Group 3: Performance Metrics - The three largest CLO ETFs currently include Janus Henderson's JAAA with approximately $25 billion in assets and a year-to-date increase of 3.8%, PGIM's PAAA with $4.5 billion in assets and a 4.3% increase, and iShares' CLOA with $1.3 billion in assets and a 4.2% increase [5]. Group 4: Risk Considerations - There is a noted risk associated with investing in lower-grade loans within CLOs, and investors are advised to conduct thorough due diligence, particularly with smaller CLO names [4].

Core Viewpoint - Carlyle Credit Income Fund announced its financial results for the fourth quarter and full year ended September 30, 2025, highlighting a focus on long-term success and portfolio enhancement through strategic resets and refinancings [2][3]. Financial Performance - Net investment income for the fourth quarter was $0.15 per common share, with adjusted net investment income at $0.17 per common share and core net investment income at $0.32 per common share [3]. - The net asset value per common share was reported at $6.13 as of September 30, 2025, with a total fair value of investments amounting to $192.2 million [3]. Dividends - The Fund is maintaining a monthly dividend of $0.1050 per share for December 2025, January, and February 2026, which translates to an annualized dividend yield of 24.14% based on the share price as of November 12, 2025, or 20.55% based on the Fund's NAV as of September 30, 2025 [4][9]. - Additionally, dividends for the Fund's 7.375% Series D Term Preferred Shares are set at $0.1536 per share for the same months [5][6]. Investment Strategy - The Fund funded $34.9 million in new CLO investments with a weighted average GAAP yield of 13.65% as of September 30, 2025, while the aggregate portfolio weighted average GAAP yield was 14.44% [9]. - A $30 million Credit Facility was established, allowing borrowings at a rate of SOFR + 3.25%, with the potential to increase to $50 million [9]. Company Overview - Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs), which are backed by U.S. senior secured loans across various industries [11].

Core Viewpoint - Brompton Funds Limited announced the approval of a merger between Symphony Floating Rate Senior Loan Fund and Brompton Wellington Square Investment Grade CLO ETF, with 98.9% of unitholders voting in favor of the resolution [1]. Group 1: Merger Details - The Fund will merge into the ETF, which is listed on the Toronto Stock Exchange under tickers BBBB and BBBB.U, with the ETF being the continuing fund [1][2]. - The merger is scheduled to occur on or about January 13, 2026, pending regulatory approval [1]. - Unitholders will receive CAD and USD units of the ETF based on the net asset value of the respective classes [2]. Group 2: Investment Objectives and Strategies - The ETF aims to provide high monthly income and capital preservation through investments in primarily investment grade rated collateralized loan obligations (CLOs) rated BBB- or higher [3]. - The ETF will hedge most of its direct foreign currency exposure back to the Canadian dollar for CAD Units, while USD Units will not have this hedge [3]. Group 3: Benefits of the Merger - The merger is expected to offer several benefits to unitholders, including trading closer to net asset value, higher credit quality, lower management expense ratio, elimination of borrowing, continued focus on high distributions, reduced bid/ask spread, and increased trading liquidity [4][9]. Group 4: Redemption Options - An accelerated annual redemption option will be available to unitholders on December 30, 2025, with proceeds paid by January 9, 2026 [6]. - Unitholders must submit their redemption requests by 5:00 p.m. Toronto time on December 1, 2025 [6]. Group 5: Company Background - Brompton Funds, established in 2000, is an experienced investment fund manager focusing on income and growth-oriented investment solutions, including ETFs and other TSX-traded investment funds [7].

Core Insights - Eagle Point Credit Company Inc. (ECC) is a significant entity in the investment management sector, focusing on equity and junior debt tranches of collateralized loan obligations (CLOs) to optimize portfolio returns for investors [1] Financial Performance - For Q3 2025, ECC reported an earnings per share (EPS) of $0.24, exceeding the estimated $0.23 but down from $0.29 in the same quarter last year, indicating a challenging performance period [2][6] - The company's revenue for the quarter was $52 million, surpassing the estimated $50.86 million, representing a 3.22% increase over the Zacks Consensus Estimate and an improvement from $47.13 million reported in the same period last year [3][6] Market Valuation - ECC has a price-to-earnings (P/E) ratio of approximately 54, a price-to-sales ratio of about 3.77, and an enterprise value to sales ratio of around 4.75, reflecting its market valuation relative to earnings and sales [4] Financial Health - The company maintains a conservative financial structure with a debt-to-equity ratio of approximately 0.25, indicating low leverage, and a current ratio of about 55.48, showcasing strong liquidity to cover short-term liabilities [5][6]

Core Insights - Exchange-traded funds (ETFs) holding corporate loans experienced their first outflows since April, indicating rising investor concerns over credit quality [1][2] - The outflow amounted to approximately $516 million, contrasting with a previous average inflow of about $421 million per week over the past year [2] - Recent failures of auto lender Tricolor Holdings and car-parts supplier First Brands Group have heightened caution among credit investors [3] Fund Performance - The Janus Henderson AAA CLO ETF, with $25 billion in assets, led the outflows with $476 million withdrawn, marking the highest redemptions since April's market volatility [4] - The fund recorded an additional $10 million in outflows on the following Monday [4] Market Trends - Concerns over credit quality and underwriting standards are rising across various credit markets, with bond spreads for business development companies (BDCs) widening significantly [5][6] - JPMorgan's BDC index widened by 60 basis points to 220 basis points, raising potential risks for CLOs if this trend continues [6] - Publicly traded BDC stocks have reached multi-year lows, reflecting increased credit stress fears [7] Credit Quality - Despite the rising angst in credit markets, AAA spreads for private credit CLOs and broadly syndicated CLOs remain tighter, even with exposure to leveraged borrowers [7]

Core Insights - Carlyle Credit Income Fund (CCIF) will release its financial results for Q4 and full year 2025 on November 18, 2025, with a conference call scheduled for November 19, 2025 [1][2] Company Overview - Carlyle Credit Income Fund is an externally managed closed-end fund that primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs), which are backed by U.S. senior secured loans from various industry sectors [3] - The fund is managed by Carlyle Global Credit Investment Management L.L.C., a wholly owned subsidiary of Carlyle, leveraging Carlyle's extensive resources as one of the largest CLO managers globally [3] Carlyle Group Overview - Carlyle Group is a global investment firm with $465 billion in assets under management as of June 30, 2025, operating across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest [4] - The firm employs over 2,300 people across 27 offices worldwide, focusing on creating value for investors, portfolio companies, and communities [4]

Core Insights - The article discusses the evolving landscape of bond ETFs, highlighting three unique options that diverge from traditional index bond funds [1] Group 1: Janice Henderson CLA AA ETF (J AAA) - This ETF focuses on collateralized loan obligations (CLOs), which are actively managed diversified pools of non-investment grade bank loans [2] - The ETF invests at least 90% of its assets in AAA rated CLO trenches, ensuring a strong risk management approach [3] - It has achieved a trailing 12-month yield of 5.8%, outperforming the category average of 4.7% [4] Group 2: Vanguard Total International Bond ETF (BNDX) - This ETF is a passive international bond fund that limits exposure to Chinese bonds to avoid transaction costs and operational challenges [6][7] - Despite the cap on Chinese bonds, it has outperformed its category average by 24 basis points annualized since its inception in 2013 [8] - The ETF's strategy has provided superior protection during periods of credit market stress [8] Group 3: PGM Short Duration Multi-Sector Bond ETF (PSDM) - This ETF spans multiple sectors and aims to outperform its benchmark, taking on more credit risk than most peers [9][10] - It has demonstrated strong performance through its mutual fund sibling, which ranked in the top quartile of its category over the trailing 10 years ending July 2025 [11] - The ETF's higher volatility is justified by superior risk-adjusted returns, as measured by the Sharpe ratio [12]