PRIF-G Priority Income Fund, Inc. 6.25% Series G Preferred Stock Due 2026
The Series G Term Preferred Stock will pay a quarterly dividend, when, as and if authorized by, or under authority granted by, our Board of Directors, and declared by us out of funds legally available therefor, at a fixed annual rate of 6.250% of the Liquidation Preference, or $1.5625 per share per year, which we refer to as the Fixed Dividend Rate. Quarterly dividends are scheduled to be paid on March 31, June 30, September 30 and December 31 of each year, commencing on June 30, 2021. We are required to redeem all outstanding Series G Term Preferred Stock on June 30, 2026 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. At any time after March 19, 2023, at our sole option, we may redeem, from time to time, the Series G Term 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.
$23.33 +0.11 (0.47%)
As of 01/25/2023 15:45:02 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: 03/24/2021
Outstanding shares: 1,280,000
Average volume: 2,888
Market cap: $30,716,160
Current dividend yield: 6.51% calculation
Coupon rate: 6.250%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 03/19/2023
Maturity date: 06/30/2026
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: