Priority Income Fund Declares Bonus Distributions

 

NEW YORK (Sept. 25, 2015) – Priority Income Fund, Inc., announced today that its board of directors has declared a bonus distribution  of $0.11522  per share of common stock. The bonus distribution is payable on December 29, 2015, to stockholders of record at the close of business on December 28, 2015. This bonus distribution is independent from monthly distributions, which are declared separately. The fund’s annualized distribution rate for Class R shares was 9.98 percent as of September 30, 2015.

“Once again, we are pleased to announce this bonus distribution as Priority Income Fund continues to fulfill its objective of providing income for our shareholders,” said Nishil Mehta, a principal of Prospect Capital Management L.P.

About Priority Income Fund

Priority  Income  Fund, Inc., is a registered  investment  program  cosponsored  by Prospect Capital  Management  LLC  (Prospect)  and  Behringer  Harvard  Holdings,  LLC  (Behringer). Priority Income Fund was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations (CLOs). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. For more information, visit priority-incomefund.com.

About Prospect Capital Management L.P.

Headquartered  in New York City, Prospect  is an SEC-registered  investment  advisor  that, along with its predecessors  and affiliates, has a more than 25-year history of investing in and managing  high-yielding  debt and equity investments  using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of approximately   100   professionals   who   focus   on   credit-oriented   investments   yielding attractive current income. Prospect currently has more than $7.5 billion of capital under management (including undrawn credit facilities). For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.

Forward-Looking Statements

This press release may contain certain forward-looking  statements  within the meaning of the Private  Securities  Litigation  Reform  Act of 1995,  including  statements  regarding  the future performance of Priority Income Fund, Inc. Words such as “believes,” “expects,” “projects,” and “future,” or similar expressions, are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc., and that Priority Income Fund, Inc., may or may not have considered; accordingly, such statements cannot be guarantees  or assurances  of any aspect of future performance.  Actual developments  and results are highly likely to vary materially from any forward-looking statements. Such statements  speak  only  as  of  the  time  when  made,  and  Priority  Income  Fund,  Inc., undertakes  no  obligation  to  publicly  update  or  revise  any  forward-looking  statements, whether as a result of new information, future events or otherwise.

– more –

Jonathan Ball For Behringer and Priority Income Fund, Inc.

jball@behringermail.com

972.387.5403

 

David Nesmith Richards Partners for Priority Income Fund, Inc.

david_nesmith@richards.com

214.891.2864

 

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