Priority Income Fund Shareholders Received Discouraging News Regarding the Liquidity of their Investments | May Recover Investor Losses

Priority Income Fund Shareholders Received Discouraging News Regarding the Liquidity of their Investments | Goodman & Nekvasil P.A. May Recover Investor Losses

Priority Income Fund is a high risk, illiquid mutual fund that is not suitable for every investor.    Priority Income Fund shareholders received discouraging news recently regarding the liquidity of their investments.

According to recent filings with the SEC the company “may, but are not obligated to, pursue a liquidity event for our stockholders following the completion of this offering.”

Priority Income Investors Received Discouraging News

Priority Income Fund reportedly extended a tender offer to provide stockholders with liquidity. There is otherwise no public market for the Shares. The current net asset value (NAV) per Share is reportedly $11.12 as of October 31, 2022.  Priority Income Fund’s NAV has continued to decline since it was originally offered at $15.00 per share.

Priority Income Fund shareholders received discouraging news in a press release:

  • Global economic, political and market conditions may adversely affect our business, results of operations and financial condition, including our revenue growth and profitability.
  • We are not obligated to complete a liquidity event by a specified date; therefore, it will be difficult or impossible for an investor to sell his or her shares, which are not listed on a securities exchange.
  • Our shares are not currently listed on any securities exchange, and we do not expect a public market for them to develop in the foreseeable future, if ever. Therefore, stockholders should not expect to be able to sell their shares promptly or at a desired price.
  • The amount of any distributions we may make is uncertain.

Investors in Priority Income Fund May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested in Priority Income Fund Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $300 million dollars on behalf of victimized investors.

All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for approximately 40 years.

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you will pay us nothing.

If you incurred investment losses in Priority Income Fund and would like your case evaluated by a securities attorney, please contact us.

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