Priority Income Fund plans to sell $25-par term preferred stock

By Devika Patel

Knoxville, Tenn., Nov. 9 – Priority Income Fund, Inc. plans to price $25-par term preferred stock, according to a prospectus filed with the Securities and Exchange Commission.

Dividends are payable quarterly.

The preferreds are non-callable.

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

New York-based Priority Income is a registered closed-end fund that is designed to provide investors with current income and portfolio diversification.

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