PRIF-D Priority Income Fund, Inc. 7.00% Series D Term Cumulative Preferred due 2029
Priority Income Fund, Inc. is a closed ended fixed income mutual fund launched by Prospect Capital Management LLC and Behringer Harvard Holdings, LLC. The fund is managed by Priority Senior Secured Income Management, LLC. It invests in the Senior Secured Loans, with an emphasis on current income or pools of senior secured loans known as collateralized loan obligations. The fund invests in the companies whose debt is rated below investment grade. It was previously known as Priority Senior Secured Income Fund, Inc. Priority Income Fund, Inc. is domiciled in United States. The Preferred Stock will pay a quarterly dividend, scheduled to be paid on March 31, June 30, September 30 and December 31 of each year. We are required to redeem the Series D Term Preferred Stock on June 30, 2029 at a redemption price equal to the Liquidation Preference plus an amount equal to accumulated but unpaid dividends, if any, on such shares (whether or not earned or declared, but excluding interest on such dividends) to, but excluding, the redemption date. After March 31, 2022, at our sole option, we may redeem, from time to time, the Preferred Stock in whole or in part, out of funds legally available for such redemption, at a price per share equal to the sum of the Liquidation Preference plus an amount equal to accumulated but unpaid dividends, if any, on such shares (whether or not earned or declared, but excluding interest on such dividends) to, but excluding, the date fixed for such redemption. This security was issued by an entity whose common stock is not publicly traded on a stock exchange.
$22.75 -0.16 (-0.68%)
As of 03/20/2023 16:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry:
Index country: USA
Country of incorporation:
IPO date: 06/20/2019
Outstanding shares: 2,000,000
Average volume: 819
Market cap: $48,540,000
Current dividend yield: 7.21% calculation
Coupon rate: 7.000%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 03/31/2022
Maturity date: 06/30/2029
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: