|By PR Newswire||
|March 31, 2014 04:12 PM EDT||
DALLAS, March 31, 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 each Friday from April 4, 2014 to June 27, 2014.
- Distributions for the April 4, 11, 18 and 25 record dates will be paid on or around April 28, 2014.
- Distributions for the May 2, 9, 16, 23 and 30 record dates will be paid on or around June 2, 2014.
- Distributions for the June 6, 13, 20 and 27 record dates will be paid on or around June 30, 2014.
"We are pleased to declare these attractive distributions," said Robert J. Klein, a managing director of Prospect Capital Management LLC. "This demonstrates success in achieving our ongoing objectives of providing Priority shareholders with current income and attractive risk-adjusted returns."
Priority Senior Secured Income Fund, Inc. is co-sponsored by Behringer Harvard Holdings, LLC (Behringer) and Prospect Capital Management LLC (Prospect).
About Priority Senior Secured Income Fund
Priority Senior Secured Income Fund, Inc. is a registered investment program cosponsored by Behringer Harvard Holdings, LLC (Behringer) and Prospect Capital Management LLC (Prospect). Priority Senior Secured Income Fund is investing in a 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 Behringer Harvard Holdings, LLC
Behringer creates, manages and distributes global institutional-quality alternative investment programs for individual and institutional investors. Behringer designs and delivers institutional-quality investment programs by leveraging in-house expertise and by forming relationships with best-in-class asset managers such as Prospect. Programs sponsored and managed by the Behringer group of companies have attracted equity of more than $6 billion and made investments into more than $11 billion in assets. For more information, contact us at 866.655.3600 or visit behringerinvestments.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 over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect currently has over $6.3 billion of capital under management (including undrawn credit facilities). For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.
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. In addition, Priority cannot assure that distributions will continue or that any particular rate of distribution will be maintained. Actual developments and results may 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.