Company: PRIF-PJ
Filing Date: 2025-07-10
Form Type: 40-APP
Source: 0001287032-25-000183
Chunk: 1

Company: Priority Income Fund, Inc.
Filing Date: 2025-07-10
Form: 40-APP
Chunk 1
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th Street, 42nd Floor                           
 New York, NY 10016                                        
 File No. 812-                                             |     | APPLICATION FOR AN ORDER PURSUANT TO SECTIONS 17(d) AND 57(i) OF THE INVESTMENT COMPANY ACT OF 1940 AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 PERMITTING CERTAIN JOINT TRANSACTIONS OTHERWISE PROHIBITED BY SECTIONS 17(d) AND 57(a)(4) OF AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 |

#### I.

#### SUMMARY OF APPLICATION
The following entities hereby request an order (the “

#### Order
”) of the U.S. Securities and Exchange Commission (the “

#### SEC
” or “

#### Commission
”) under Section 57(i) of the Investment Company Act of 1940, as amended (the “

#### 1940 Act
”), 1 and Rule 17d-1, permitting certain joint transactions otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder. The Order would supersede the exemptive order issued by the Commission on January 13, 2020 (as amended, the “

#### Prior Order
”) 2 that was granted pursuant to Sections 17(d), 57(i) and Rule 17d-1, with the result that no person will continue to rely on the Prior Order if the Order is granted.

• Prospect Capital Corporation (“

#### PSEC
”), a closed-end management investment company that has elected to be regulated as a BDC (as defined below) under the 1940 Act. The investment adviser to PSEC is PCM (as defined below).

• Priority Income Fund, Inc. (“

#### PRIS
”), a closed-end management investment company registered under the 1940 Act. The investment adviser to PRIS is PRISM (as defined below).

• Prospect Floating Rate and Alternative Income Fund, Inc. (“

#### PFLOAT
”) (f/k/a Prospect Sustainable Income Fund, Inc.), a closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act. The investment adviser to PFLOAT is PCM.

• Prospect Enhanced Yield Fund (“

#### PEYF
” and together with PSEC, PRIS and PFLOAT, the “

#### Existing Regulated Funds
”), a