Company: PRIF-PJ
Filing Date: 2025-08-28
Form Type: N-CSR
Source: 0001554625-25-000057
Chunk: 37

Company: Priority Income Fund, Inc.
Filing Date: 2025-08-28
Form: N-CSR
Chunk 37
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 in a manner that is consistent with applicable laws, rules and regulations. Moreover, except in certain circumstances, when relying on the Order, the Company will be unable to invest in any issuer in which one or more funds managed or owned by the Adviser or its affiliates has previously invested.

Allocation of Expenses

For CLO investments held by each of the Company, PSEC and NGL, the cost of valuation services with regard to such investments is initially borne by the Company, which then allocates to PSEC and NGL their proportional share of such expense based on the number of positions held by each entity. During the year ended June 30, 2025, the Company incurred $309,038 in

#### 2025 ANNUAL REPORTPRIORITY INCOME FUND, INC.37
expenses related to valuation services that are attributable to PSEC and NGL. As of June 30, 2025, $92,010 is still owed to the Company from PSEC and NGL. Additionally, during the year ended June 30, 2025, PSEC, Prospect Credit REIT,

LLC (“PCRED”) and NGL are owed $21,721 related to marketing, insurance, offering and general and administrative expenses that are attributable to the Company, and $66,310 is still owed to them. The amounts owed to/from the Company are typically settled on a quarterly basis.

Officers and Directors

Certain officers and directors of the Company are also officers and directors of the Adviser and its affiliates. For the year ended June 30, 2025, $187,500 was paid to the independent directors of the Company, which is included as Director fees on the Statement of Operations, of which none is still payable at June 30, 2025. The officers do not receive any direct compensation from the Company.

Services Agreement

PCM has engaged Preferred Shareholder Services, LLC, an affiliate of the Dealer Manager, to provide certain non-offering issuer support services pursuant to a services agreement. PCM is responsible for any payments due under such agreement. Starting on January 1, 2022, Prospect Capital Management allocated the costs under such services agreement to the Company quarterly, at an up to 0.25% per annum rate of the Company’s average monthly net assets. For the year ended June 30, 2025, $1,416,330 of reimbursement was incurred, which is included in Adviser shared service expense on the Statement of Operations, of which $267,642 is