Prospect Capital Corp Announces Redemption of Series I Preferred Stock with Strategic Financial Management

Prospect Capital Corp (PSEC) announced the redemption of its 6.125% Series I Term Preferred Stock due 2028 at $25 per share, plus accrued dividends. The redemption date is July 14, 2025. This move reflects strong financial management and capital allocation strategies, ensuring stability and potential growth for the fund. Investors will receive the full redemption price plus accrued dividends, but dividends will cease to accumulate after the redemption date.

New York, June 14, 2025 – Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) has announced the redemption of its 6.125% Series I Term Preferred Stock due 2028. The redemption will occur on July 14, 2025, at a price of $25 per share, plus accrued but unpaid dividends per share from March 31, 2025, to but excluding, the Redemption Date. This move reflects the Fund's strong financial management and capital allocation strategies, ensuring stability and potential growth for the fund.

The Series I Preferred Shares are held through The Depository Trust Company and will be redeemed in accordance with the applicable procedures. Upon redemption, dividends on the Series I Preferred Shares will cease to accumulate, and the only remaining right of the holders of the Series I Preferred Shares that are redeemed will be to receive payment of the Redemption Price.

Following the redemption of the Series I Preferred Shares, the Fund will have outstanding shares of 7.00% Series D Term Preferred Stock due 2029, 6.000% Series J Term Preferred Stock due 2028, 7.000% Series K Cumulative Preferred Stock, and 6.375% Series L Term Preferred Stock due 2029.

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). 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. (“Prospect”). For more information, visit [Priority Income Fund's website](https://www.priorityincomefund.com) or call (212) 448-0702.

Prospect Capital Management L.P., headquartered in New York City, is an SEC-registered investment adviser with over 37 years of experience in managing high-yielding debt and equity investments. Prospect, along with its affiliates, has $8.3 billion in assets under management as of December 31, 2024. Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC).

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. 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.

References:
[1] https://www.globenewswire.com/news-release/2025/06/13/3099286/0/en/Priority-Income-Fund-Announces-Redemption-of-its-6-125-Series-I-Term-Preferred-Stock-Due-2028.html
[2] https://www.nasdaq.com/articles/wintrust-financial-corporation-announces-redemption-series-d-and-series-e-preferred-stocks