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NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.250% Series G Term Preferred Stock Due 2026 (CUSIP: 74274W 814; NYSE: PRIF PRG) (the “Series G Preferred Shares”) at a price of $25 per Series G Preferred Share, plus accrued but unpaid dividends per Series G Preferred Share from September 30, 2024, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be December 23, 2024 (the “Redemption Date”). On the Redemption Date, the Redemption Price will become due and payable on the Series G Preferred Shares and any dividends shall cease to accumulate on the Series G Preferred Shares that are redeemed from and after such date. Unless the Fund defaults in the payment of the Redemption Price, dividends on the Series G Preferred Shares that are redeemed will cease to accumulate on and after the Redemption Date, and the only remaining right of the holders of the Series G Preferred Shares that are redeemed is to receive payment of the Redemption Price. The Series G Preferred Shares are held through The Depository Trust Company and will be redeemed in accordance with the applicable procedures. This press release does not constitute a notice of redemption under the articles supplementary governing the shares. Following redemption of the Series G Preferred Shares, the Fund will have outstanding shares of 7.00% Series D Term Preferred Stock due 2029 (NYSE: PRIF PRD), 6.625% Series F Term Preferred Stock due 2027 (NYSE: PRIF PRF), 6.000% Series H Term Preferred Stock due 2026 (NYSE: PRIF PRH), 6.125% Series I Term Preferred Stock due 2028 (NYSE: PRIF PRI), 6.000% Series J Term Preferred Stock due 2028 (NYSE: PRIF PRJ), 7.000% Series K Cumulative Preferred Stock (NYSE: PRIF PRK), and 6.375% Series L Term Preferred Stock due 2029 (NYSE: PRIF PRL). About Priority Income Fund 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"). 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. 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 https://www.priorityincomefund.com . About Prospect Capital Management L.P. Prospect is an SEC-registered investment adviser headquartered in New York City that, along with its predecessors and affiliates, has 37-years 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 150 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $8.7 billion of assets under management as of September 30, 2024. Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC). Additional Information Forward-Looking Statements 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 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 Income Fund, Inc. and that Priority Income Fund, Inc. mayor may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. 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.Critical Role teases video game, hope to ‘pass the torch’ in future - Polygon
NoneBOGOTA, Colombia (AP) — 2024 was a brutal year for the Amazon rainforest, with rampant wildfires and extreme drought ravaging large parts of a biome that’s a critical counterweight to climate change. A warming climate fed drought that in turn fed the worst year for fires since 2005. And those fires contributed to deforestation, with authorities suspecting some fires were set to more easily clear land to run cattle. The Amazon is twice the size of India and sprawls across eight countries and one territory, storing vast amounts of carbon dioxide that would otherwise warm the planet. It has about 20% of the world’s fresh water and astounding biodiversity, including 16,000 known tree species. But governments have historically viewed it as an area to be exploited, with little regard for sustainability or the rights of its Indigenous peoples, and experts say exploitation by individuals and organized crime is rising at alarming rates. “The fires and drought experienced in 2024 across the Amazon rainforest could be ominous indicators that we are reaching the long-feared ecological tipping point,” said Andrew Miller, advocacy director at Amazon Watch, an organization that works to protect the rainforest. “Humanity’s window of opportunity to reverse this trend is shrinking, but still open.” There were some bright spots. The level of Amazonian forest loss fell in both Brazil and Colombia. And nations gathered for the annual United Nations conference on biodiversity agreed to give Indigenous peoples more say in nature conservation decisions. “If the Amazon rainforest is to avoid the tipping point, Indigenous people will have been a determinant factor," Miller said. Wildfires and extreme drought Forest loss in Brazil’s Amazon — home to the largest swath of this rainforest — dropped 30.6% compared to the previous year, the lowest level of destruction in nine years. The improvement under leftist President Luiz Inácio Lula da Silva contrasted with deforestation that hit a 15-year high under Lula's predecessor, far-right leader Jair Bolsonaro, who prioritized agribusiness expansion over forest protection and weakened environmental agencies. In July, Colombia reported historic lows in deforestation in 2023, driven by a drop in environmental destruction. The country's environment minister Susana Muhamad warned that 2024's figures may not be as promising as a significant rise in deforestation had already been recorded by July due to dry weather caused by El Nino, a weather phenomenon that warms the central Pacific. Illegal economies continue to drive deforestation in the Andean nation. “It’s impossible to overlook the threat posed by organized crime and the economies they control to Amazon conservation,” said Bram Ebus, a consultant for Crisis Group in Latin America. “Illegal gold mining is expanding rapidly, driven by soaring global prices, and the revenues of illicit economies often surpass state budgets allocated to combat them.” In Brazil, large swaths of the rainforest were draped in smoke in August from fires raging across the Amazon, Cerrado savannah, Pantanal wetland and the state of Sao Paulo. Fires are traditionally used for deforestation and for managing pastures, and those man-made blazes were largely responsible for igniting the wildfires. For a second year, the Amazon River fell to desperate lows , leading some countries to declare a state of emergency and distribute food and water to struggling residents. The situation was most critical in Brazil, where one of the Amazon River's main tributaries dropped to its lowest level ever recorded. Cesar Ipenza, an environmental lawyer who lives in the heart of the Peruvian Amazon, said he believes people are becoming increasingly aware of the Amazon's fundamental role “for the survival of society as a whole." But, like Miller, he worries about a “point of no return of Amazon destruction.” It was the worst year for Amazon fires since 2005, according to nonprofit Rainforest Foundation US. Between January and October, an area larger than the state of Iowa — 37.42 million acres, or about 15.1 million hectares of Brazil’s Amazon — burned. Bolivia had a record number of fires in the first ten months of the year. “Forest fires have become a constant, especially in the summer months and require particular attention from the authorities who don't how to deal with or respond to them,” Ipenza said. Venezuela, Colombia, Ecuador, and Guyana also saw a surge in fires this year. Indigenous voices and rights made headway in 2024 The United Nations conference on biodiversity — this year known as COP16 — was hosted by Colombia. The meetings put the Amazon in the spotlight and a historic agreement was made to give Indigenous groups more of a voice on nature conservation decisions , a development that builds on a growing movement to recognize Indigenous people's role in protecting land and combating climate change. Both Ebus and Miller saw promise in the appointment of Martin von Hildebrand as the new secretary general for the Amazon Treaty Cooperation Organization, announced during COP16. “As an expert on Amazon communities, he will need to align governments for joint conservation efforts. If the political will is there, international backers will step forward to finance new strategies to protect the world’s largest tropical rainforest,” Ebus said. Ebus said Amazon countries need to cooperate more, whether in law enforcement, deploying joint emergency teams to combat forest fires, or providing health care in remote Amazon borderlands. But they need help from the wider world, he said. “The well-being of the Amazon is a shared global responsibility, as consumer demand worldwide fuels the trade in commodities that finance violence and environmental destruction,” he said. Next year marks a critical moment for the Amazon, as Belém do Pará in northern Brazil hosts the first United Nations COP in the region that will focus on climate. “Leaders from Amazon countries have a chance to showcase strategies and demand tangible support," Ebus said. The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .
Qualcomm's $1.4 Billion Bet on Nuvia: A Strategic Move to Cut Costs on Arm PaymentsYou may know Suni Lee for her show-stopping , behind-the-scenes in the Paris Olympic Village, and just her overall ‘It’ girl status. Next on her résumé? A partnership with that just makes perfect sense. I mean, who wouldn’t want to know the Olympian-turned-content creator’s personal picks ahead of the holiday shopping season? I know I do! So ahead of event, I caught up with Suni about her favorite items to give for the holidays, her personal gifting hacks, and of course, what she’s adding to her cart during all the Cyber Week sales. It’s no surprise that she has freaking amazing taste. Find all the details on her fave items, below! “Tiktok has influenced me to buy literally everything, I feel like anything that blows up I go buy it, and mostly everything is on Amazon,” she says. “Like the , air fresheners, candles, bags, shoes—literally everything is from Amazon.” As soon as I heard the word viral collagen mask, I had to ask further about the viral beauty product that’s been flooding my FYP. BIODANCE Bio-Collagen Real Deep Mask “I love how moisturizing it is, and I travel with it everywhere when I fly,” she reveals. “I love to put it on during flights because I get super dehydrated and dry.” Well, if it's good enough for Suni and beloved by , then it’s good enough for me (and good enough for everyone else who I’ll be buying it for while it’s on major sale this week!). I also asked her Suni tips on gift-giving for the holiday season amid all the shopping madness. “I recommend making a list for everything you think you’ll need and taking advantage of sales like Amazon's Black Friday Week, of course. There are millions of deals launching everyday throughout the event.” You read that right, of deals! “I also like getting gifts that are practical for everyday, like masks and accessories are perfect and so easy to give, especially as stocking stuffers.” And of course, I had to get a lil personal with the Olympian, and I asked her what the most recent item that she added to cart was. “Oh my gosh it’s gonna be something so random,” she laughs. “I bought this because mine broke.” We love a relatable queen. Make sure to add Suni’s fave products to cart ASAP! Amazon’s discounts will be running until December 2.
ARC Group Worldwide (OTCMKTS:ARCW) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened