Priority Income Fund Inc.

$40,250,000
6.625% Series C Term Preferred Stock Due 2024
Joint-Bookrunner

Transaction summary

On February 22nd, 2019, BB&T Capital Markets served as a joint-bookrunner for Priority Income Fund Inc.’s issuance of $40.25 million Series C term preferred stock due 2024 (NYSE: PRIFC).

The Company intends to use the net proceeds from this transaction to make investments in accordance with its investment strategies and objective, and for general corporate purposes.

About the company

Priority Income Fund Inc. (NYSE: PRIFC)

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.

Learn moreabout Priority Income Fund Inc. (opens in a new tab)

Financial Services

Our Financial Services bankers are experts in the BDC/RIC sector. The combination of our proprietary retail distribution platform, paired with our thorough understanding of baby bonds, allows us to consistently generate outsized demand for transactions compared to pre-deal estimates.

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BB&T Capital Markets is a division of BB&T Securities, LLC, member FINRA(opens in a new tab) / SIPC(opens in a new tab), and a wholly owned nonbank subsidiary of Truist Financial Corporation. Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Read all disclosures

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