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Priority Income Fund to Offer New Term Preferred Offering

Priority Income Fund (non traded) has announced the launch of a new term preferred issue.

Priority Income Fund is a closed end fund which primarily invests in collateralized loan obligations (CLOs) and as such it should be considered somewhat higher risk than the run of the mill closed end fund. DO YOUR DUE DILIGENCE.

The issue has not yet been priced, but will trade under PRIF-F on the NYSE. I believe it will trade on the OTC Grey market to start, but the ticker is not yet known.

The announcement can be found here.

The updated registration statement for the issue can be read here.

The company already has 5 term preferred outstanding which can be seen here.

Disclosure–I own some of the PRIF-D 7% term preferred.

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