NEW YORK (April 2, 2015) – Priority Income Fund, Inc. (Priority), announced today that it has declared a series of cash distributions to its shareholders for the second calendar quarter of 2015. The declared distributions equal a weekly amount of $0.02014 per share of common stock. Distributions have weekly record dates and are payable monthly to the stockholders of record as set forth below:
- Distributions for the April 3, 10, 17 and 24 record dates will be paid on or around April 27, 2015.
- Distributions for the May 1, 8, 15, 22 and 29 record dates will be paid on or around June 1, 2015.
- Distributions for the June 5, 12, 19 and 26 record dates will be paid on or around June 29, 2015.
“For the sixth consecutive quarter, Priority Income Fund has provided shareholders with current income,” said Robert J. Klein, a managing director of Prospect Capital Management L.P.
“In addition, we are pleased to announce that the fund’s annualized distribution rate for Class R shares was 10 percent as of March 31, 2015.”
About Priority Income Fund
Priority Income Fund, Inc. is a registered investment program cosponsored by Prospect Capital Management LLC (Prospect) and Behringer Harvard Holdings, LLC (Behringer). Priority Income Fund was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations (CLOs). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. For more information, visit priority-incomefund.com.
About Prospect Capital Management L.P.
Headquartered in New York City, Prospect is an SEC-registered investment advisor that, along with its predecessors and affiliates, has a more than 25-year history of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of approximately 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect currently has more than $7.5 billion of capital under management (including undrawn credit facilities). For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.
About Behringer Harvard Holdings, LLC
Behringer creates, manages and distributes specialized investments through a multi-manager approach that presents unique options for allocating capital, managing risk and diversifying assets. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets. For more information, call toll-free 866.655.3600 or visit behringerinvestments.com.