Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 182

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 182
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’s particular situation.

We may be required to withhold U.S. federal income tax, or backup withholding from all distributions to any non-corporate U.S. preferred stockholder (1) who fails to furnish us with a correct taxpayer identification number or a certificate that such stockholder is exempt from backup withholding or (2) with respect to whom the IRS notifies us that such stockholder has failed to properly report certain interest and dividend income to the IRS and to respond to notices to that effect. An individual’s taxpayer identification number generally is his or her social security number. Any amount withheld under backup withholding is allowed as a credit against the U.S. preferred stockholder’s U.S. federal income tax liability, provided that proper information is provided to the IRS.

#### Taxation of Non-U.S. Preferred Stockholders
Whether an investment in the shares of Series M Term Preferred Stock is appropriate for a non-U.S. preferred stockholder will depend upon that person’s particular circumstances. An investment in the shares of Series M Term Preferred Stock by a non-U.S. preferred stockholder may have adverse tax consequences. Non-U.S. preferred stockholders should consult their tax advisers before investing in shares of Series M Term Preferred Stock.

Subject to the discussions below concerning FATCA, distributions of our investment company taxable income to non-U.S. preferred stockholders will be subject to U.S. federal withholding tax at a 30% rate (or such lower rate provided by an applicable treaty) to the extent of our current and accumulated earnings and profits unless an applicable exception applies. In order to obtain a reduced rate of withholding provided by an applicable treaty, a non-U.S. preferred stockholder will be required to provide a validly completed Internal Revenue Service Form W-8 (or substitute form) certifying its entitlement to benefits under a treaty. No withholding will be required on such distributions to the extent that (i) such distributions are properly reported to our non-U.S. preferred stockholders as “interest-related dividends” or “short-term capital gain dividends,” (ii) the distributions are derived from sources specified in the Code for such dividends and (iii) certain other requirements are satisfied. No assurance can be given as to whether any significant amount of our distributions with respect to the Series M Term Preferred Stock would be reported as eligible for this exemption from withholding.

If the distributions with respect to the Series M Term Preferred Stock are effectively connected with the conduct of a U.S. trade or business of the non-U.S. preferred stockholder (and, if an income tax