NEW YORK, March 11, 2025 /Business Wire/ --Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared distributions on shares of the Fund’s 7.00% Series D Term Preferred Stock due 2029 (“Series D”), 6.625% Series F Term Preferred Stock due 2027 (“Series F”), 6.000% Series H Term Preferred Stock due 2026 (“Series H”), 6.125% Series I Term Preferred Stock due 2028(“Series I”), 6.000% Series J Term Preferred Stock due 2028 (“Series J”),7.000% Series K Cumulative Preferred Stock (“Series K”), and 6.375% Series L Term Preferred Stock due 2029 (“Series L”).
Ex-Dividend Date Record Date Payable Date Distribution per Share
Series D March 24, 2025 March 24, 2025 March 31, 2025 $0.43750
Series F March 24, 2025 March 24, 2025 March 31, 2025 $0.41406
Series H March 24, 2025 March 24, 2025 March 31, 2025 $0.37500
Series I March 24, 2025 March 24, 2025 March 31, 2025 $0.38281
Series J March 24, 2025 March 24, 2025 March 31, 2025 $0.37500
Series K March 24, 2025 March 24, 2025 March 31, 2025 $0.43750
Series L March 24, 2025 March 24, 2025 March 31, 2025 $0.39844
Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year, and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders.
About Priority Income Fund
Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P. For more information, visit https://www.priorityincomefund.com.
About Prospect Capital Management L.P.
Prospect Capital Management L.P.(“Prospect”), headquartered in New York City, is an SEC-registered investment adviser that, along with its predecessors and affiliates, has more than 30-yearsof investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect,together with its affiliates, has $8.3 billion of assets under management as of December 31, 2024. Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC). For more information, call (212) 448-0702 or visit https://www.prospectcap.com.
About Preferred Capital Securities, LLC
Preferred Capital Securities, LLC (“PCS”)serves as the dealer-manager for Priority Income Fund, Inc. and has been amember of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique managingbroker-dealer that distributes alternative investments, including real estateand credit investment products in private and public structures through brokerdealers and registered investment advisors. PCS has raised over $4.8 billion ofcapital as a wholesale distributor for various alternative investmentstrategies. For more information, call
855-320-1414 or visit http://www.pcsalts.com.
For Sales:
salesdesk@pcsalts.com
(855) 330-6594
For Service:
investorservices@pcsalts.com
(855) 422-3223
Additional Information
Past performance is not indicative of future performance. Our distributions may exceed ourearnings, and therefore, portions of the distributions that we make may be areturn of the money that you originally invested and represent a return ofcapital to you for tax purposes. Such a return of capital is not immediatelytaxable, but reduces your tax basis in our shares, which may result in highertaxes for you even if your shares are sold at a price below your originalinvestment.
Investors should consider the investmentobjective and policies, risk considerations, charges and ongoing expenses of aninvestment carefully before investing. The prospectus and summary prospectuscontains this and other information relevant to an investment in the fund.Please read the prospectus or summary prospectus carefully before you invest orsend money. To obtain a prospectus, please contact your investmentrepresentative or Investor Services at 866.655.3650.
Forward-LookingStatements
This pressrelease may contain certain forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995, including statementsregarding the future performance of Priority Income Fund, Inc. Words such as"believes," "expects," "projects," and"future" or similar expressions are intended to identifyforward-looking statements. Any such statements, other than statements ofhistorical fact, are highly likely to be affected by unknowable future eventsand conditions, including elements of the future that are or are not under thecontrol of Priority Income Fund, Inc. and that Priority Income Fund, Inc. mayor may not have considered; accordingly, such statements cannot be guaranteesor assurances of any aspect of future performance. Actual developments andresults are highly likely to vary materially from any forward-lookingstatements. Such statements speak only as of the time when made, and PriorityIncome Fund, Inc. undertakes no obligation to publicly update or revise anyforward-looking statements, whether as a result of new information, futureevents or otherwise.
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