Company: PRIF-PJ
Filing Date: 2025-08-28
Form Type: N-CSR
Source: 0001554625-25-000057
Chunk: 11

Company: Priority Income Fund, Inc.
Filing Date: 2025-08-28
Form: N-CSR
Chunk 11
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 to the capitalization date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     |                   |     |                                  |     |                      |     |                |     |            |     |                  |     |            |     |                  |           |                                                   |     |                |             |     |                      |              |     |                 |       |    |
| (9)All investments are pledged as collateral for the revolving Credit Facility (see Note 11).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |                   |     |                                  |     |                      |     |                |     |            |     |                  |     |            |     |                  |           |                                                   |     |                |             |     |                      |              |     |                 |       |    |
| See accompanying notes to financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     |                   |     |                                  |     |                      |     |                |     |            |     |                  |     |            |     |                  |           |                                                   |     |                |             |     |                      |              |     |                 |       |    |

#### 2025 ANNUAL REPORTPRIORITY INCOME FUND, INC.23

#### Notes to Financial Statements

#### June 30, 2025

#### Note 1. Principal Business and Organization
Priority Income Fund, Inc., (the “Company,” “us,” “our,” or “we”) was incorporated under the general corporation laws of the State of Maryland on July 19, 2012 as an externally managed, diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and commenced operations on May 9, 2013. In addition, the Company has elected to be treated for tax purposes as a regulated investment company (“RIC”) under Subchapter M of the

Internal Revenue Code of 1986, as amended (the “Code”). The Company’s investment objective is to generate current income, and as a secondary objective, long-term capital appreciation.

We seek to achieve our investment objective by investing primarily in entities that in turn own a pool of senior secured loans made to companies whose debt is rated below investment grade or, in limited circumstances, unrated, which we collectively refer to as “Senior Secured Loans.” We have invested primarily in the equity and junior debt tranches of a type of pools of Senior Secured Loans known as Collateralized Loan Obligations, or “CLOs.” Based on certain diversification