Priority Income Fund Sets Attractive Cash Distribution Rates
Priority Income Fund Announces Attractive Distribution Rates
Priority Income Fund, Inc. has recently declared exciting news for its investors. The Fund's Board of Directors has announced monthly cash distributions distinguished into "base" and "bonus" shareholder distributions for the forthcoming months. These distributions are set for September, October, and November of a given year, maintaining a consistent approach with previous monthly declarations.
Details of Monthly Distributions
The total annualized cash distribution amounts to $1.34016 per share, representing a 22.0% annualized rate based on the recent net asset value of $6.09 per common share. These distributions are applicable for shares with record dates ranging from September 15 through November 4.
Base Distribution Breakdown
The cash "base" distributions will be issued on a monthly basis to stockholders whose names are recorded at the close of business each month. It translates to a weekly cash distribution of $0.02014 per share, cumulatively amounting to $0.26182 per share on a quarterly basis. Here are the details:
Monthly Cash "Base" Shareholder Distribution Details
For the upcoming months, the distributions will unfold as follows:
- For September 2025, the record date is September 15, with payments scheduled for September 29 and the distribution set at $0.08056 per share.
- For October 2025, the record date falls on October 2, with payment on October 27, offering $0.10070 per share.
- Lastly, November 2025 will have its record date on November 4, with payments distributed on November 24, equating to $0.08056 per share.
Bonus Shareholder Distributions
Additionally, the Board has authorized the monthly cash "bonus" distributions, designed to incentivize stockholders further. The details are as follows:
Monthly Cash "Bonus" Shareholder Distribution Details
Similar to the base distribution, the bonus shares will also be issued monthly:
- For September 2025, the record date will be September 15, with a payment date of September 29, offering an amount of $0.024167 per share.
- In October 2025, expect the record date on October 2, with payments on October 27, providing $0.024167 per share.
- For November 2025, the record date will be on November 4, with payments processed on November 24, equaling $0.024167 per share.
This series translates to the 60th, 61st, and 62nd bonus distributions declared by the Fund, showcasing their commitment to rewarding shareholders.
Fund's Overall Performance
Since its inception in January 2014, Priority Income Fund has declared cumulative cash distributions totaling an impressive $16.73 per common share. This significant milestone highlights the Fund's sustainable performance and dedication to delivering returns to its investors.
Additional Preferred Shareholder Distributions
The Fund also announced declarations concerning its Series D, Series J, Series K, and Series L Preferred Stocks, ensuring further opportunities for shareholders to benefit from their investments.
About Priority Income Fund
Priority Income Fund, Inc. operates as a closed-end fund aiming to build an extensive investment portfolio consisting primarily of senior secured loans. The portfolio is primarily backed by collateralized loan obligations (CLOs), which typically enjoy a floating interest rate and first lien on assets of various borrowers, often comprised of private enterprises and publicly traded companies in the United States. The Fund is overseen by Priority Senior Secured Income Management, LLC, led by an expert team of investment professionals from Prospect Capital Management L.P.
Contact Information
For inquiries regarding investments in the Fund, reach out via email:
Sales: salesdesk@pcsalts.com
Service: investorservices@pcsalts.com
Frequently Asked Questions
What is the annualized cash distribution rate for Priority Income Fund?
The annualized cash distribution is set at 22.0%, which translates to $1.34016 per share.
How often are the distributions paid to shareholders?
The Fund declares monthly cash distributions, providing a consistent income stream for investors.
What are the record dates for upcoming distributions?
Record dates for the next distributions are scheduled for September 15, October 2, and November 4, respectively.
Is there any impact of distributions on tax reporting?
The distributions are treated as taxable investment income, but this does not affect tax reporting for shareholders adversely.
Where can investors find more information about the Fund?
Investors can learn more by visiting the official website: Priority Income Fund.
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