Priority Income plans to sell seven-year term preferred stock

By James McCandless

San Antonio, Feb. 19 – Priority Income Fund, Inc. plans to price an offering of series F term preferred stock due 2027, according to a press release.

Ladenburg Thalmann & Co. Inc. and Incapital LLC are the joint bookrunners.

The co-manager is Maxim Group LLC.

Priority Income plans to use the proceeds to acquire investments in accordance with its investment objectives and strategies and for general corporate capital purposes.

The company plans to list the preferreds on the New York Stock Exchange under the symbol “PRIFF.”

Priority Income is a New York-based non-diversified closed-end management investment company.

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