Priority Income Fund, Inc. 6.62 (PRIF-F)

Overview

Priority Income Fund, Inc. is a distinguished closed-ended fixed income mutual fund, established through the joint efforts of Prospect Capital Management LLC and Behringer Harvard Holdings, LLC. The management of the fund is carried out by Priority Senior Secured Income Management, LLC, showcasing a specialized focus in Senior Secured Loans aimed at generating consistent current income. Known previously as Priority Senior Secured Income Fund, Inc., the fund operates under the legal domicile of the United States, embarking on investments principally within the realm of below investment grade debt. This strategic investment avenue underscores the fund's commitment towards securing lucrative income streams through senior secured loans or diversified collateralized loan obligations.

Products and Services

• Senior Secured Loans

  The Priority Income Fund majors in investments in Senior Secured Loans, representing a prime vehicle for investors seeking stable income. These loans are secured against the assets of the borrowing companies, providing a cushion against potential defaults. The emphasis on Senior Secured Loans ensures that the fund positions itself in a relatively secure segment of the high-yield debt market, appealing to income-focused investors.

• Collateralized Loan Obligations (CLOs)

  Expanding its portfolio diversification, the fund also delves into investments in pools of senior secured loans known as Collateralized Loan Obligations. CLOs offer an innovative approach to investment in fixed income, pooling various loans to distribute risk and enhance returns. By investing in CLOs, Priority Income Fund taps into a broad spectrum of credit opportunities, aiming for higher income returns for its investors, despite the focus on below investment grade debt.