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Priority Income Fund offering preferred shares

Priority Income Fund Inc. is planning a public offering of its series E term preferred shares due 2024.

The company also plans to give the underwriters the option to buy additional shares to cover any overallotments.

Priority Income Fund anticipates using the net proceeds to acquire investments in accordance with its investment objectives and strategies and for general corporate purposes.

Ladenburg Thalmann & Co. Inc. is the lead book-running manager for the offering. BB&T Capital Markets, B. Riley FBR Inc. and Incapital LLC are joint book-running managers, while Maxim Group LLC is the co-manager for the offering.