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Behringer Closed-End Fund Declares Q1 Distributions

Priority Income Fund, Inc. (Priority), a closed-end fund co-sponsored by Behringer Harvard Holdings, LLC and Prospect Capital Management, LLC, announced today its first quarter cash distributions. Priority declared distributions equal to a weekly amount of $.02014 per share of common stock.

Be sure to read Who is Priority Income Fund, Inc.

Weekly record dates and monthly payable dates are as follows:

  • Distributions for the January 2, 9, 16, 23, and 30 record dates will be paid on or around February 2, 2015.
  • Distributions for the February 6, 13, 20, and 27 record dates will be paid on or around March 2, 2015.
  • Distributions for the March 6, 13, 20, and 27 record dates will be paid on or around March 30, 2015.

“With this announcement, the Priority Income Fund will enter its fifth straight quarter of meeting its primary objective of providing shareholders with current income, in addition to delivering an annualized distribution of 9.06% for calendar year 2014,” said Robert J. Klein, a managing director of Prospect Capital Management LLC.

Priority Income Fund invests in senior secured loans or pools of senior secured loans known as collateralized loan obligations (CLOs) of private and public U.S. companies.

To learn more about Priority, click here.