PRIF-PD, PRIF-PJ, PRIF-PK, PRIF-PL · CIK 0001554625 · other
# Priority Income Fund, Inc. (PRIF-PL)
Incorporated and domiciled in the United States, Priority Income Fund is a closed-end fixed income mutual fund traded on the NYSE. The fund was launched by Prospect Capital Management LLC and Behringer Harvard Holdings, LLC, with ongoing management conducted by Priority Senior Secured Income Management, LLC. The fund focuses on senior secured loans, targeting companies with below-investment-grade debt ratings. It emphasizes current income generation through direct senior secured loan investments and collateralized loan obligations (CLOs), which are structured pools of senior secured loans.
The fund's primary revenue stream derives from interest income and fees earned on its loan portfolio holdings. By concentrating its investments in senior secured positions within the non-investment-grade market segment, the fund positions itself to capture higher yields relative to investment-grade fixed income securities. The fund's strategy targets institutional and retail investors seeking income-oriented exposure to the leveraged loan market, a segment that comprises a substantial portion of the broader credit markets.
The fund operates from its headquarters in West Palm Beach, Florida. As a closed-end fund structure, Priority Income Fund maintains a fixed number of shares outstanding and operates with a defined investment portfolio managed by its advisor rather than functioning as an open-end mutual fund with variable asset levels.
No 10-K filings found.