Priority Income Fund To Redeem Another Term Preferred

Closed end fund Priority Income Fund (non listed) is going to redeem another of their outstanding preferred stock issue.

They have filed to call the PRIF-C 6.625% issue between 6/18/21 and 7/16/2021–the exact date not specified. No damage will be incurred by holders as the issue is trading at $25.33 now. The SEC document is here.

The company has plenty of outstanding term preferreds for investors to move to if desired.

The above redemption is based on the ability to sell a new issue “I” term preferred which was registered a few days ago.

Original D noted this info this morning. J chimed in on the new issue.

One thought on “Priority Income Fund To Redeem Another Term Preferred”

  1. M-E sent me a corporate action this morning with the details.
    REDEMPTION DATE JUNE 18, 2021
    AMOUNT PAID FOR EACH SECURITY REDEEMED $ 25.000000
    DIVIDENDS $ 0.358852
    TOTAL AMOUNT $ 25.358852

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