Priority Income to price $25 million series L preferreds due 2029

By Rebecca Melvin

Concord, N.H., Feb. 22 – Priority Income Fund, Inc. plans to price $25 million of series L cumulative preferred shares due March 31, 2029, according to a filing with the Securities and Exchange Commission.

The $25-par preferreds and will be callable in 2025.

Ladenburg Thalmann, B. Riley Securiites, InspereX, Wedbush Securities and William Blair are the bookrunners.

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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