Non listed closed end fund (CEF) Priority Income Fund has announced they will be listing their common shares to increase liquidity and reduce expenses. The timing is yet to be determined – within the next 12 months.
The company is an interval fund so they make tender offers occasionally to provide some level of liquidity to investors.
Priority Income Fund has many outstanding term preferred issues.
“list” or “delist” common shares?
Still nothing on the new prif-m?
Any thoughts what this delisting would mean to the individual owners of the preferred
What delisting ?
Gary–I have been watching that also–guess they can’t get the rate they want.
As a reminder…Steel Partners delisting common & pref shares, SPLP & SPLP-A on or about 5/1.