Priority Income Fund Announces Preferred Stock Distributions for March 2026
MWN-AI** Summary
Priority Income Fund, Inc. announced on March 9, 2026, the declaration of distributions for its various preferred stock series, providing investors with detailed information about upcoming payments. Specifically, the distributions cover the Fund's 7.00% Series D Term Preferred Stock due 2029 (Series D), 6.000% Series J Term Preferred Stock due 2028 (Series J), 7.000% Series K Cumulative Preferred Stock (Series K), and 6.375% Series L Term Preferred Stock due 2029 (Series L). Each preferred stock will have an ex-dividend date and record date of March 23, 2026, with a payable date of March 31, 2026. The distributions are set at $0.43750 per share for Series D and K, $0.37500 for Series J, and $0.39844 for Series L.
The distribution payments will be categorized first as taxable investment company income undisturbed from the prior year and then as taxable income for the current year, a detail that won't impact shareholders' tax reporting.
Priority Income Fund operates as a closed-end fund primarily investing in senior secured loans and collateralized loan obligations (CLOs). It is managed by Priority Senior Secured Income Management, LLC, which boasts a seasoned team of investment professionals from the broader Prospect Capital Management, L.P. portfolio. With over $7.2 billion in assets as of the end of 2025, Prospect focuses on high-yield credit investments.
Investors are advised to carefully review all investment-related documents to understand the fund's objectives, policies, and associated risks before committing capital. This announcement serves to keep shareholders informed while emphasizing that past performance is not indicative of future results, with forward-looking statements made with caution regarding potential influences on the Fund’s future performance.
MWN-AI** Analysis
Priority Income Fund, Inc. recently announced its preferred stock distributions for March 2026, indicating its ongoing commitment to providing attractive returns. The distributions on the Series D, J, K, and L preferred stocks reflect a sustained effort to reward shareholders, which can attract both existing and potential investors.
With the Series D and K stocks offering a distribution of $0.43750 per share and the Series J at $0.37500, these yields can be especially appealing in the current market environment where fixed-income opportunities may be limited. The Series L offers a competitive yield of $0.39844. Given the backdrop of fluctuating interest rates, the floating-rate nature of the underlying loans within the fund’s investment strategy could enhance the risk-return profile of these preferred shares.
Investors should note that distributions classified as a return of capital can reduce the tax basis of shares. This means that while distributions may provide immediate returns, they could potentially lead to a tax burden in the future when shares are sold, particularly if gains are realized. The key for investors will be to weigh the benefits of high current income against the potential for future tax liabilities.
Given the focus on senior secured loans and CLO investments, Priority Income Fund appears well-positioned in the credit market, especially as economic conditions evolve. Investors should evaluate their risk tolerance and investment horizon, considering these distributions in the context of their broader portfolio strategy.
In light of the stable yield and consistent distributions, existing shareholders may consider holding onto their shares to benefit from ongoing income, while new investors looking for reliable income streams might find these preferred stocks to be compelling amid uncertainties in other asset classes. Always consult with financial advisors to navigate any investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NEW YORK, March 09, 2026 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared distributions on shares of the Fund’s 7.00% Series D Term Preferred Stock due 2029 (“Series D”), 6.000% Series J Term Preferred Stock due 2028 (“Series J”), 7.000% Series K Cumulative Preferred Stock (“Series K”), and 6.375% Series L Term Preferred Stock due 2029 (“Series L”).
| Ex-Dividend Date | Record Date | Payable Date | Distribution per Share | |
| Series D | March 23, 2026 | March 23, 2026 | March 31, 2026 | $0.43750 |
| Series J | March 23, 2026 | March 23, 2026 | March 31, 2026 | $0.37500 |
| Series K | March 23, 2026 | March 23, 2026 | March 31, 2026 | $0.43750 |
| Series L | March 23, 2026 | March 23, 2026 | March 31, 2026 | $0.39844 |
Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year, and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders.
About Priority Income Fund
Priority Income Fund, Inc. is a registered closed-end fund that 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. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P. For more information, visit https://www.priorityincomefund.com.
About Prospect Capital Management L.P.
Prospect Capital Management L.P. (“Prospect”), headquartered in New York City, is an SEC-registered investment adviser that, along with its predecessors and affiliates, has more than 30-years 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 over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $7.2 billion of assets under management as of December 31, 2025. Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC). For more information, call (212) 448-0702 or visit https://www.prospectcap.com.
About Preferred Capital Securities, LLC
Preferred Capital Securities, LLC (“PCS”) serves as the dealer-manager for Priority Income Fund, Inc. and has been a member of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique managing broker-dealer that distributes alternative investments, including real estate and credit investment products in private and public structures through broker dealers and registered investment advisors. PCS has raised over $4.9 billion of capital as a wholesale distributor for various alternative investment strategies. For more information, call 855-320-1414 or visit http://www.pcsalts.com.
| For Sales: | For Service: |
| salesdesk@pcsalts.com | investorservices@pcsalts.com |
| (855) 330-6594 | (855) 422-3223 |
Additional Information
Past performance is not indicative of future performance. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment.
Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Investor Services at 866.655.3650.
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.
FAQ**
How does the recent distribution announcement impact the investment strategy of Priority Income Fund, considering its affiliation with Prospect Capital Corporation PSEC?
What measures is Priority Income Fund taking to ensure the sustainability of distributions in the context of its investment portfolio, particularly with its ties to Prospect Capital Corporation PSEC?
Given the recent distributions, how does Priority Income Fund plan to balance returns to investors with maintaining its asset base, especially in relation to Prospect Capital Corporation PSEC?
How do the distribution tax treatments for Priority Income Fund affect investor sentiment, particularly for those familiar with the portfolio of Prospect Capital Corporation PSEC?
**MWN-AI FAQ is based on asking OpenAI questions about Prospect Capital Corporation (NASDAQ: PSEC).
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