Company: PRIF-PJ
Filing Date: 2025-08-28
Form Type: N-CSR
Source: 0001554625-25-000057
Chunk: 42

Company: Priority Income Fund, Inc.
Filing Date: 2025-08-28
Form: N-CSR
Chunk 42
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 on December 23, 2024 at a price of $25.00 per share for a total cost of $36,800,000. In connection with the redeemed Series G Term Preferred Stock, the Company recognized a realized loss of $496,920.

On March 10, 2025, the Company announced its intent to fully redeem the Company’s outstanding shares of our 6.000% Series H Term Preferred Stock due 2026.

The Company fully redeemed the 1,196,000 outstanding shares of Series H Term Preferred Stock on April 9, 2025 at a price of $25.00 per share for a total cost of $29,900,000. In connection with the redeemed Series H Term Preferred Stock, the Company recognized a realized loss of $458,423.

On May 12, 2025, the Company announced its intent to fully redeem the Company’s outstanding shares of our 6.625% Series F Term Preferred Stock due 2027.

The Company fully redeemed the 1,233,428 outstanding shares of Series F Term Preferred Stock on June 11, 2025 at a price of $25.00 per share for a total cost of $30,835,700. In connection with the redeemed Series F Term Preferred Stock, the Company recognized a realized loss of $411,779.

On June 13, 2025, the Company announced its intent to fully redeem the Company’s outstanding shares of our 6.125% Series I Term Preferred Stock due 2028.

If the dividends on the preferred stock remain unpaid in an amount equal to two full years’ dividends, the holders of the preferred dividends as a class have the right to elect a majority of the Board of Directors. In general, the holders of the preferred stock and the common shares have equal voting rights of one vote per share, except that the holders of the preferred stock, as a separate class, have the right to elect at least two members of the Board of Directors.The Company is required to maintain certain asset coverage with respect to the preferred stock as defined in the Company’s By-Laws and the 1940 Act.

All Term Preferred Stock and Cumulative Preferred Stock ranks (with respect to the payment of dividends and rights upon liquidation, dissolution or winding up) (a) senior to our common stock, (b) on parity with each other series of our preferred stock, and (c) junior to our existing and future secured and unsecured indebtedness.

The following table summarizes the