Priority Income Fund, Inc., managed by an affiliate of Prospect Capital Management L.P., announced it will redeem all outstanding shares of its 6.125% Series I Term Preferred Stock Due 2028. The redemption price is $25 per Series I Preferred Share, plus accrued but unpaid dividends.
The redemption date is set for July 14, 2025. On this date, the redemption price will become due and payable, and dividends will cease to accumulate on the redeemed shares.
This action reflects Priority Income Fund's ongoing capital management strategy. Following this redemption, the Fund will continue to have several other series of preferred stock outstanding.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.