Closed end fund Priority Income Fund is selling a new term preferred.
A few details of the new issue have been released and the issue will have a mandatory redemption in 2023 and they will sell 1 million shares.
The company has another term preferred issue outstanding with a coupon of 6.375% which was sold in June–PRIF-A which can be seen here. The older issue has a maturity in 2025. It looks to us like they probably shortened the maturity on the new issue to garner a lower coupon than would be available if they went longer out in maturities.