Priority Income Fund, Inc. Announces the Declaration of Distributions on Shares of the Fund’s 6.375% Series A Term Preferred Stock due 2025 and 6.25% Series B Term Preferred Shares due 2023

Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) is pleased to announce the declaration of distributions on shares of the Funds 6.375% Series A Term Preferred Stock due 2025 and 6.25% Series B Term Preferred Shares due 2023.

The Fund has declared a distribution of $0.39844 per share on its 6.375% Series A Term Preferred Stock due 2025 and a distribution of $0.29080 per share 6.25% Series B Term Preferred Shares due 2023.

      Ex-Dividend Date     Record Date     Payable Date     Amount per Share
6.375% Series A Term Preferred Stock due 2025     December 13, 2018     December 15, 2018     December 31, 2018     $0.39844
6.25% Series B Term Preferred Shares due 2023     December 13, 2018     December 15, 2018     December 31, 2018     $0.29080

The distributions on the 6.375% Series A Term Preferred Stock due 2025 reflect an annual distribution rate of 6.375% of the $25 liquidation preference per share and 6.25% Series B Term Preferred Shares due 2023 reflect an annual distribution rate of 6.25% of the $25 liquidation preference per share.

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. For more information, visit priority-incomefund.com.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

About Prospect Capital Management L.P.

Headquartered in New York City, Prospect is an SEC-registered investment adviser that, along with its predecessors and affiliates, has a more than 25-year history of 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 approximately 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect has $6.6 billion of assets under management as of September 30, 2018. For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.

About Destra Capital

Destra Capital connects financial advisors and their clients with innovative investment strategies, in uniquely positioned products from experienced asset managers. Destra takes the long view, setting goals to rise above fleeting market statistics toward the opportunity for long-term returns. Destra Capital Investments LLC is a member FINRA/SIPC.

Additional Information

Past performance is not indicative of future performance. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment.

Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Destra Capital Investments LLC at 877.855.3434.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as “believes,” “expects,” “projects,” and “future” or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Rob Watson
For Priority Income Fund, Inc.
[email protected]
877.855.3434