Priority Income Fund, Inc.

Priority Income Fund, Inc.

Priority Income Fund, Inc. is a non-diversified closed-end management investment company founded in 2018 and headquartered in New York City. The firm primarily targets floating-rate senior secured loans, including those made to infrastructure, real estate, and corporate borrowers. It operates as a business development company under the 1940 Act. The investment strategy centers on direct origination and secondary market acquisition of senior secured loans and private credit instruments. Asset classes include senior secured loans, high-yield bonds, collateralized loan obligations, and other floating-rate debt securities. Portfolios are concentrated in North America, with a smaller allocation to European markets. Known positions include loans to infrastructure projects and real estate entities, though specific names are often undisclosed. The firm had roughly $1.5 billion in total assets as of its most recent SEC filings. The team remains lean, with key executives including Michael C. Forman (CEO), Todd S. Builione (COO), and Edward E. Mayfield (Senior Vice President). No additional offices are listed. In 2024, the firm continued to deploy capital across private credit and floating-rate loan markets. Priority Income Fund's structural differentiator is its status as a Regulated Investment Company (RIC) that passes through income to investors, combined with a focus on floating-rate instruments to reduce interest rate risk. The firm leverages its BDC structure to provide monthly distributions, which is rare among private credit managers.