Kristin Van Dask
About Kristin Van Dask
Kristin Van Dask is 46 and serves as Chief Financial Officer, Chief Compliance Officer, Treasurer, and Secretary of Priority Income Fund since April 2018; she previously was controller at Prospect Administration LLC and also holds the same officer roles at affiliated vehicles PSSIM, Prospect Floating Rate and Alternative Income Fund, Prospect Capital Corporation, and Prospect Enhanced Yield Fund . The Fund’s proxy discloses no executive pay from the Fund, no bonus/profit-sharing plans, and shows no beneficial ownership by Van Dask in PRIF common or preferred shares, and it prohibits hedging or pledging of Fund securities by access persons . The proxies do not disclose TSR, revenue, or EBITDA performance metrics tied to her compensation at the Fund .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Prospect Administration LLC | Controller | Prior to April 2018 | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Priority Senior Secured Income Management (PSSIM) | CFO, CCO, Treasurer, Secretary | Current as of proxy dates | Not disclosed |
| Prospect Floating Rate and Alternative Income Fund, Inc. (PFLOAT) | CFO, CCO, Treasurer, Secretary | Current as of proxy dates | Not disclosed |
| Prospect Capital Corporation (PSEC) | CFO, CCO, Treasurer, Secretary | Current as of proxy dates | Not disclosed |
| Prospect Enhanced Yield Fund (PENF) | CFO, CCO, Treasurer, Secretary | Current as of proxy date (2025) | Not disclosed |
Fixed Compensation
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Aggregate Compensation from the Fund ($) | None | None |
| Pension/Retirement Benefits (Fund-paid) | None | None |
| Fund’s stance on executive cash compensation | “The Fund has not paid, and does not intend to pay, any annual cash compensation to its executive officers” | “The Fund has not paid, and does not intend to pay, any annual cash compensation to its executive officers” |
| Compensation source (non-Fund) | Compensated from income Prospect Administration receives under administration agreements (terms not disclosed) | Compensated from income Prospect Administration receives under administration agreements (terms not disclosed) |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Bonus/profit sharing plan at Fund | — | — | — | None (Fund does not have bonus/profit sharing plan) | — |
| Equity awards (RSUs/Options) at Fund | — | — | — | None disclosed for executive officers | — |
Equity Ownership & Alignment
| Metric | As of Sep 18, 2024 | As of Sep 17, 2025 |
|---|---|---|
| Common shares beneficially owned | — | — |
| Preferred shares beneficially owned | — | — |
| Percentage ownership (common) | — (60,314,941 common outstanding) | — (61,187,445 common outstanding) |
| Percentage ownership (preferred) | — (10,875,493 preferred outstanding) | — (5,374,065 preferred outstanding) |
| Hedging/Pledging policy | Hedging and pledging of Fund securities are prohibited for access persons; margin accounts prohibited | Hedging and pledging of Fund securities are prohibited for access persons; margin accounts prohibited |
- Stock ownership guidelines for executive officers are not disclosed in the proxy .
Employment Terms
- Role and start date: CFO, CCO, Treasurer, and Secretary since April 2018 .
- Indemnification/limitation of liability: Officers are protected to the maximum extent under Maryland law per Charter Article VII; Secretary attestation blocks in Articles of Amendment list “Kristin Van Dask, Secretary” .
- Non-compete, non-solicit, severance, change-of-control, clawbacks, tax gross-ups: Not disclosed in the proxies or 8-Ks searched .
- Trading restrictions: Access persons require pre-clearance to trade Fund shares; hedging, pledging, and margin accounts are prohibited .
Investment Implications
- No Fund-paid cash compensation and no Fund equity ownership for Van Dask reduces direct pay-for-performance alignment to PRIF common shareholders at the Fund level; she is compensated via Prospect Administration under administration agreements, with terms not disclosed in Fund filings .
- With no reported beneficial ownership of PRIF common or preferred stock, insider selling pressure from her holdings appears de minimis; hedging and pledging prohibitions further limit misalignment risks from derivatives or collateralized positions .
- Governance risk around executive pay is mitigated by the Fund’s structure (no compensation committee because executives receive no direct compensation from the Fund), but investors should monitor administrator-level incentives and any future disclosures for severance or change-in-control terms that could affect retention or alignment .
Note: The Fund’s proxies focus on Fund-level governance and do not disclose administrator-level compensation details for Van Dask or performance-linked metrics at the Fund, limiting pay-for-performance benchmarking based on SEC materials .