Our CLO Fund Recovery Lawyers Are Here To Help

Priority Income Fund investors facing significant losses due to plunging NAVs, illiquidity, and high risk can evaluate potential broker misconduct by asking targeted questions about suitability and risk misrepresentation. Experienced Income Fund Recovery Loss Attorneys can analyze investor accounts to determine if financial advisors committed negligence or breached their fiduciary duty, helping clients pursue financial recovery.

At Shepherd Smith Edwards and Kantas Income Fund Recovery Loss Attorneys (investorlawyers.com), we are speaking to Priority Income Fund investors who are seeking to recover their losses. This speculative investment recently saw its Net Asset Value (NAV) drop down to $3.15/share. Considering its NAV was originally $15/share, this is a serious decline. Not only that, but there are other problems plaguing this Collateralized Loan Obligation (CLO) – concentrated Fund.

What Are Other Issues Impacting Investors of Priority Income Fund?

Illiquidity: This is an illiquid investment that cannot be easily resold. Periodic tender offers tend to be oversubscribed, with investors usually only able to cash out about 15% of the shares they want to resell.

Junk Debt:  At least 80% of Priority Income Fund’s assets are in junk loans and collateralized loan obligations.

Leverage: Borrowed funds have been used to enhance returns, which can also magnify losses should the underlying loans fail.

High commissions and fees: Brokers are paid a lot for selling this investment to customers, which may have compelled some of them to unsuitably recommend Priority Income Fund to investors.

Broker negligence: There are concerns that brokers are making misrepresentations and omissions of the risks, engaging in due diligence failures, disregarding investors’ best interests, and breaching their fiduciary duty when promoting Priority Income Fund to retirees and other retail investors.

What Questions Should I Be Asking To Determine Whether Broker Misconduct Was A Factor in My Priority Income Fund Losses?

The best way to know for sure is to speak with skilled CLO-fund recovery attorneys who know how to look at your account statements and what questions to ask. Shepherd Smith Edwards and Kantas is representing a number of Priority Income Fund investors against their brokers. We know how to identify whether financial advisor fraud or negligence played a part.

Did your broker tell you that your Priority Income Fund was a safe, low-risk investment? Considering that this is a leveraged investment heavily concentrated with CLOs and junk debt, then this was a misrepresentation of the true risks of this product.

Are you a retail investor or conservative retiree that wanted to take on minimal or no risk?
This should only have been sold to investors with high-risk tolerance levels, so in that case then this was likely an unsuitable investment recommendation.

Did your financial advisor make sure you fully understood your Priority Income Fund investment and its true risks? 

It is important that a broker never sell a product to a customer without making sure they comprehend what they are agreeing to buy.

Why You Need To Hire Knowledgeable Priority Income Fund Recovery Loss Attorneys

CLO-Fund recovery claims are complex and successfully suing a broker for damages can be tough. It is why you want to work with a savvy investment loss recovery law firm that knows how to maximize your chances for a full recovery.  Shepherd Smith Edwards and Kantas has been fighting for investors for decades. More than 90% of our clients have secured full or partial financial recovery through our dedicated efforts.

Explore Your Options Regarding Your Priority Income Fund Losses Today

Call (800) 259-9010 or contact us online.