Company: PRIF-PJ
Filing Date: 2025-08-28
Form Type: N-CSR
Source: 0001554625-25-000057
Chunk: 1

Company: Priority Income Fund, Inc.
Filing Date: 2025-08-28
Form: N-CSR
Chunk 1
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ured Loans directly (either in the primary or secondary markets).

TABLE OF CONTENTS

|                                                          |     |    |     | Page |
| Letter to Stockholders                                   |     |  5 |     |      |
| Fund Performance                                         |     |  7 |     |      |
| Portfolio Composition - At a Glance                      |     |  9 |     |      |
| Index to Financial Statements                            |     |    |     |      |
| Report of Independent Registered Public Accounting Firm  |     | 11 |     |      |
| Statement of Assets and Liabilities                      |     | 12 |     |      |
| Statement of Operations                                  |     | 13 |     |      |
| Statements of Changes in Net Assets and Temporary Equity |     | 14 |     |      |
| Statement of Cash Flows                                  |     | 15 |     |      |
| Schedule of Investments                                  |     | 17 |     |      |
| Notes to Financial Statements                            |     | 24 |     |      |
| Distribution Reinvestment Plan                           |     | 52 |     |      |
| Additional Information Regarding the Company             |     | 54 |     |      |
| Management                                               |     | 79 |     |      |
| Additional Information                                   |     | 82 |     |      |

#### 2025 ANNUAL REPORTPRIORITY INCOME FUND, INC.4

#### Letter to Shareholders
Dear Shareholders,

We are pleased to present this annual report of Priority Income Fund, Inc. (“we,” “us,” “our,” the “Company”, the “Fund” or “Priority”) for the period ended June 30, 2025. The following highlights key announcements and performance over the last 12 months ended June 30, 2025:

– In April 2025, the Fund announced its intent to seek to list shares of its common stock on a national securities exchange, with a target listing date in the first half of 2026, subject to authorization by the Fund’s Board of Directors and market conditions. The Fund has engaged Lucid Capital Markets, LLC to advise the Fund on the listing. Pursuant to the intent to list the Fund’s shares, the Fund’s Board of Directors determined to suspend the offering of the Fund’s shares following the May 1, 2025 monthly share purchase date.

– Priority has provided its shareholders with cash distributions each month for over 11 years and recently declared its bonus distributions to