CEF (closed end fund) Priority Income Fund (non publicly traded) has announced another issuance of term preferred stock.
Priority Income Fund is a serial issuer of term preferreds, but most recently they have used proceeds to ‘refi’ older issues and this issue is no exception as they plan to call the PRIF-A 6.375% issue.
The registration statement for the new issue is here. The company press release announcing the effective of the statement is here.
PRIF has many term preferred outstanding and they can be found here.
Larry Rodbard was right on top of this new issue and posits yield talk in the 6.00-6.125% area.