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May 9, 2013 /PRNewswire/ -- Behringer Harvard Holdings LLC ("Behringer Harvard") and Prospect Capital Management LLC ("Prospect Capital") announced today the initial launch of the public offering of Priority Senior Secured Income Fund, Inc., a registered investment program co-sponsored by a joint venture between Behringer Harvard and Prospect Capital.
Priority Senior Secured Income Fund has been 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 generally will include a first lien on the assets of the respective borrowers, which are typically U.S.-based privately- and publicly-held companies.
The investment objective of Priority Senior Secured Income Fund is to generate current income and, as a secondary objective, long-term capital appreciation.
ProspectusA registration statement relating to the common stock of Priority Senior Secured Income Fund, Inc. was filed with and has been declared effective by the Securities and Exchange Commission. These securities have not been approved or disapproved by the Securities and Exchange Commission or any state securities commission, nor have they passed upon the accuracy or adequacy of the prospectus. The offering of Priority Senior Secured Income Fund, Inc.'s common stock is being made solely by means of a written prospectus forming part of the effective registration statement. To request copies of the prospectus for Priority Senior Secured Income Fund, Inc., visit priority-incomefund.com, call toll-free 866.655.3600, or contact Behringer Securities LP at 15601 Dallas Parkway, Suite 600, Addison, TX 75001. The prospectus contains additional information about Priority Senior Secured Income Fund, Inc. and should be read carefully before investing. Investors are advised to consider the investment objective, risks, charges and expenses of Priority Senior Secured Income Fund, Inc. carefully before investing.
This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer and sale are not permitted.