Company: PRIF-PJ
Filing Date: 2025-09-03
Form Type: PRE 14A
Source: 0001554625-25-000063
Chunk: 32

Company: Priority Income Fund, Inc.
Filing Date: 2025-09-03
Form: PRE 14A
Chunk 32
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 Stark, Chairman Andrew C. Cooper
William J. Gremp

August 22, 2025

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(1) The material in this report is not “soliciting material,” is not deemed “filed” with the Commission, and is not to be incorporated by reference into any filing of the Fund under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

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#### PROPOSAL 2: TRANSFER RESTRICTIONS PROPOSAL
In light of the Fund’s potential Listing, the Board considered that the existence of a large number of outstanding shares of common stock and stockholders prior to a Listing could negatively affect the market price of the common stock, if following the Listing, there was a significant number of sales of these shares of common stock or there was a perception that there could be a significant number of sales of these shares of common stock.

The Board considered a number of options to mitigate the concerns arising from the existence of a large number of shares of common stock and stockholders at the time of a potential Listing and determined that it was in the best interest of the Fund to include a provision in the Charter that would limit the transferability of the common stock outstanding at the time of a Listing for the 270-day period following the Listing. Specifically, the Board determined that without the prior written consent of the Board, a stockholder should not be able to transfer (whether by sale, gift, merger, by operation of law or otherwise), exchange, assign, pledge, hypothecate or otherwise dispose of or encumber (collectively, “Transfer”):

• one-quarter of the common stock held by such stockholder prior to the date of a Listing for 90 days following the Listing;

• an additional one-quarter of the common stock held by such stockholder prior to the date of a Listing for 180 days following the Listing; and

• an additional one-quarter of the common stock held by such stockholder prior to the date of a Listing for 270 days following the Listing.

Any purported Transfer in violation of this provision would be void and have no force or effect. If approved, these transfer restrictions will only affect a stockholder’s ability to Transfer their common stock following a Listing. Approval of these transfer restrictions will not affect the manner in which stockholders own their common stock or other stock