Investment Strategy
Investment Objective
The Fund intends to generate current income and, as a secondary objective, long-term capital appreciation by investing at least 80% of total assets in securitized pools of senior secured loans and/or investing in senior secured loans in the primary or secondary markets.
Key Facts
Inception Date: January 3, 2014
Offering Period: 150 Million shares or up to 18 months from the effective date of the current prospectus.
Distribution Frequency: Monthly
Five Key Features
1. Senior secured loans
Priority Income Fund invests in pools of 1st lien, senior secured loans to large U.S. companies.
2. Consistent income to shareholders
Priority has an 11-year track record of paying a fully covered dividend. Priority currently pays a 16.59% annualized distribution paid monthly as of February 28, 2026.¹
3. Diversification
Well diversified with exposure to senior secured loans to ~ 1,500 companies through approximately 179 CLO positions.²
4. Lack of duration risk
PRIS is not significantly impacted by interest rate movements due to floating rate nature of underlying loans and the financing in CLOs.
5. Access to best-in-class CLO manager teams
Only chosen to partner with approximately 30 out of nearly 130+ fixed income managers that have issued CLO since the credit crisis.²
Features Include:
- Highest priority in the capital structure
- First lien on borrower’s assets
- Restrictive financial covenants
- Loans are not interest rate sensitive due to floating rate and Libor floors
Typical borrower:
- Average loan size of $1.0B+
- EBITDA of $100M+
- Rated by Moody’s and S&P
Benefits Of Senior Secured Loans
© 2020 Priority Income Fund, Inc. The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of the Fund. The prospectus and summary prospectus contains this and other information. To obtain a prospectus, please contact your investment representative or Preferred Capital Securities at (855) 422-3223, or e-mail investorservices@pcsalts.com
¹ As of 02/28/2026. The annualized distribution rate is based on the current offering price of a share class, and is calculated by annualizing the monthly common share distributions from March 2026 through May 2026 of $0.175 per share in aggregate, or $0.70000 per share on an annualized basis as announced on March 30, 2026.
² As of 12/31/2025.