Priority Senior Secured Income Fund Declares Distributions for July Through September 2014
NEW YORK, June 26, 2014 /PRNewswire/ -- Priority Senior Secured Income Fund, Inc. (Priority) announced today that it has declared a series of cash distributions to shareholders. The declared distributions equal a weekly amount of $0.02014 per share of common stock. Distributions have weekly record dates and are payable monthly to the stockholders of record as of the close of business on July 7, 2014 and each Friday from July 11, 2014 to September 26, 2014.
- Distributions for the July 7, 11, 18 and 25 and August 1 record dates will be paid on or around August 4, 2014.
- Distributions for the August 8, 15, 22, and 29 record dates will be paid on or around September 2, 2014.
- Distributions for the September 5, 12, 19 and 26 record dates will be paid on or around September 29, 2014.
"Our primary objective is to provide Priority shareholders with current income and attractive risk-adjusted returns," said Robert J. Klein, a managing director of Prospect Capital Management LLC. "We are pleased that these distributions demonstrate success in achieving our goals for this fund."
About Priority Senior Secured Income Fund
Priority Senior Secured Income Fund, Inc. is a registered investment program cosponsored by Prospect Capital Management LLC (Prospect) and Behringer Harvard Holdings, LLC (Behringer). Priority Senior Secured 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 LLC
Headquartered in New York City, Prospect is an SEC-registered investment advisor that, 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 approximately $7.2 billion of capital under management (including undrawn credit facilities). For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.
About Behringer Harvard Holdings, LLC
Behringer creates, manages and distributes specialized investments through a multi-manager approach that presents unique options for allocating capital, managing risk and diversifying assets. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets. For more information, call toll-free 866.655.3600 or visit behringerinvestments.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 Senior Secured 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 Senior Secured Income Fund, Inc. and that Priority Senior Secured 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 we undertake no obligation to update any such statements now or in the future. Priority Senior Secured 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.
SOURCE Priority Senior Secured Income Fund, Inc.
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