It looks like untraded CEF Priority Income Fund will finally be selling the previously announced new perpetual preferred —NOTE this is a perpetual preferred issue–NOT a term preferred (there is a huge difference).
‘Yield talk’ on this perpetual is 7.00 to 7.25%–if it were a term preferred it likely would have been around 6.00%
The company is redeeming the 6.375% term preferred (PRIF-E) this week.
Priority Income Fund has many term preferred issues outstanding–they can be seen here.
Thanks to EarlyBird for being on top of this.