Deal Snapshot
PRIORITY INCOME FUND CLOSES ACQUISITION OF STIRA ALCENTRA GLOBAL CREDIT FUND
Tuesday 14 May 2019

New York, US-based Priority Income Fund, Inc. has completed its acquisition of California, US-based Stira Alcentra Global Credit Fund, the company said.
SAGC shareholders approved the transaction at a special meeting of shareholders held on 6 May. The exchange ratio at which common shares of SAGC were converted to common shares of Priority was based on the applicable class of SAGC shares and Priority's most recent estimated net asset value per share of USD 13.70.


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Details
Date Published: 14/05/2019
Target: Stira Alcentra Global Credit Fund (SAGC)
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Stock
Status: Closed
Vendor:
Buyer: Priority Income Fund, Inc
Comment:
Terms of the deal were not disclosed

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