Priority Income Fund Inc (PRIF.PR.D)

Overview

Priority Income Fund, Inc. is a distinctive closed-ended fixed income mutual fund that was initiated by the combined efforts of Prospect Capital Management LLC and Behringer Harvard Holdings, LLC. The fund is professionally managed by Priority Senior Secured Income Management, LLC, focusing on generating current income for its investors. It has a primary investment in Senior Secured Loans and pools of senior secured loans, also known as collateralized loan obligations (CLOs). Targeting companies whose debt is below investment grade, the fund seeks to provide investors with a balanced mix of income and security. Since its inception, the fund has undergone a name change from Priority Senior Secured Income Fund, Inc. to its current name, marking its evolving strategy and focus within the fixed income spectrum. Priority Income Fund, Inc. is based in the United States, maintaining its commitment to serving the interests of its domestic investors.

Products and Services

• Senior Secured Loans

Priority Income Fund, Inc. invests in Senior Secured Loans, offering a layer of security to its investors by targeting loans that are secured by the assets of the borrowing companies. This approach minimizes risk while aiming to provide stable income.

• Collateralized Loan Obligations (CLOs)

The fund diversifies its investment by including pools of senior secured loans known as collateralized loan obligations. By investing in CLOs, Priority Income Fund, Inc. spreads its risk across a variety of sectors and borrowers, enhancing the potential for income while maintaining a focus on security.