Priority Income Fund, Inc. 6.37 (PRIF-L)

Overview

Priority Income Fund, Inc. is a closed-ended fixed income mutual fund, established through the collaboration of Prospect Capital Management LLC and Behringer Harvard Holdings, LLC. Managed by Priority Senior Secured Income Management, LLC, this fund specializes in investing primarily in a diversified portfolio of senior secured loans. These investments often involve debt that is rated below investment grade, targeting entities that are in need of high-yield, high-risk financing solutions. Originally operating under the name Priority Senior Secured Income Fund, Inc., the company has since rebranded to better reflect its broadened investment focus. The fund leverages its expertise in the fixed income market to achieve its goal of providing shareholders with a stable stream of current income. Situated in the United States, Priority Income Fund, Inc. adheres to a strategic investment approach, focusing on collateralized loan obligations and other senior secured loan investments.

Products and Services

• Senior Secured Loans

  The Priority Income Fund, Inc. specializes in investing in senior secured loans. These loans are typically issued to companies whose debt is considered below investment grade, seeking to capitalize on the high yield these investments can offer. The primary goal is to generate current income, making it an attractive option for investors focused on income generation.

• Collateralized Loan Obligations (CLOs)

  A significant part of the fund's investment strategy involves pools of senior secured loans, known as collateralized loan obligations. CLOs allow the fund to diversify its risk across a wide array of loans, further aiming to enhance the income generated for its investors. By investing in these instruments, Priority Income Fund, Inc. seeks to leverage the structured finance market to its advantage, targeting returns that are both attractive and aligned with its income-focused investment philosophy.