Priority Income Fund, Inc. 7.00 (PRIF-K)
NYSE NYSE Primary Summary
PRIF-K Chart
Priority Income Fund, Inc. 7.00 (PRIF-K) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Priority Income Fund, Inc. 7.00 ever had a stock split?
Priority Income Fund, Inc. 7.00 Profile
| Capital Markets Industry | Financials Sector | Mr. Michael Grier Eliasek CEO | NYSE Exchange | - ISIN |
| United States Country | - Employees | 23 Mar 2026 Last Dividend | - Last Split | - IPO Date |
Overview
Priority Income Fund, Inc. is a closed-ended fixed income mutual fund, conceptualized by Prospect Capital Management LLC alongside Behringer Harvard Holdings, LLC. It's under the management of Priority Senior Secured Income Management, LLC, focusing on investments in Senior Secured Loans. This emphasis targets the generation of current income through investments primarily in below investment grade debt or in pools of senior secured loans, known as collateralized loan obligations (CLOs). Originally known as Priority Senior Secured Income Fund, Inc., this fund has made its home in the United States, aligning its goals towards offering investors a secure stream of income by investing in the more risky tranche of the fixed income world.
Products and Services
- Senior Secured Loans
- Collateralized Loan Obligations (CLOs)
The Priority Income Fund, Inc. dedicates a significant portion of its investments to Senior Secured Loans. These are loans that are secured against the assets of the borrower, providing a layer of protection against default. Targeting companies whose debt is rated below investment grade, the fund seeks to capitalize on the potentially higher yields offered by these securities, in comparison to higher-rated counterparts. This strategy is squarely aimed at generating current income, even though it carries the inherent risks associated with investing in lower-rated loans.
Another critical component of the Priority Income Fund’s investment strategy involves the allocation of resources toward Collateralized Loan Obligations. CLOs are structured financial instruments that pool together a collection of senior secured loans, subdividing them into tranches that vary in risk and yield. This diversification within a single financial instrument allows the fund to spread its risk across a variety of issuers and industries, potentially mitigating the impact of any single default. The focus on CLOs illustrates the fund's strategy to secure higher income for its investors by leveraging the risk-reward trade-off inherent in below investment-grade loans.
