Priority Income to price $25 million series L cumulative preferreds

By Marisa Wong

Los Angeles, Jan. 25 – Priority Income Fund, Inc. plans to price $25 million of series L cumulative preferred stock, according to an amended N-2 filing with the Securities and Exchange Commission.

The $25-par preferreds will be callable.

Ladenburg Thalmann & Co. Inc. is the bookrunner.

Proceeds will be used to acquire investments and for general working capital purposes.

The company has applied to list the series L preferreds on the New York Stock Exchange under the symbol “PRIFPrL.”

The externally managed non-diversified closed-end management investment company is based in New York.

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