Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 87

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 87
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 such forward-looking statements. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any additional disclosures that we may make directly to you or through reports that we in the future may file with the SEC. The forward-looking statements and projections contained in this prospectus are excluded from the safe harbor protection provided by Section 27A of the Securities Act.

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### USE OF PROCEEDS
The net proceeds of this offering are expected to be approximately $[___] million (or approximately $[___] million if the underwriters exercise the over-allotment option in full) after deducting the payment of underwriting discounts and commissions of approximately $[___] million (or approximately $[___] million if the underwriters exercise their overallotment option in full) and estimated offering expenses of approximately $[___] payable by us.

We intend to use the net proceeds from this offering (after the payment of underwriting discounts and commissions of approximately $[___] and estimated offering expenses of approximately $[___]) to acquire investments in accordance with our investment objective and strategies, as described in this prospectus, and for general working capital purposes. To the extent that the net proceeds of this offering are used to acquire investments, we anticipate that such investments will be acquired within three months, depending on the availability of appropriate investment opportunities consistent with our investment objectives and market conditions. We cannot assure you we will achieve our targeted investment pace, which may negatively impact our returns. During this period, we will invest in temporary investments, such as cash, cash equivalents, U.S. government securities and other high-quality debt investments that mature in one year or less, which we expect will have returns substantially lower than the returns that we anticipate earning from investments in CLO securities and related investments. Investors should expect, therefore, that before we have fully invested the appropriate portion of proceeds of the offering in accordance with our investment objectives and policies, assets invested in these instruments would earn interest income at a modest rate, which may not exceed our expenses during this period.

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### CAPITALIZATION
The following table sets forth our capitalization (i) as of December 31, 2024, (ii) as of December 31, 2024, as adjusted to give effect to the redemption of approximately $29.9 million of shares of Series