Company: PRIF-PJ
Filing Date: 2025-02-28
Form Type: N-CSRS
Source: 0001554625-25-000010
Chunk: 47

Company: Priority Income Fund, Inc.
Filing Date: 2025-02-28
Form: N-CSRS
Chunk 47
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              |                                        |   6.000 | %                 |                                        |   6.125 | %             |                                        |   6.000 | %                 |                                        |   6.375 | %                 |                                     |    7.00 | %                  |
| Annualized per share payment                                                                                                                                                         |     | $                                      | 1.75000 |                | $                                      | 1.65624 |                   | $                                         | 1.56252 |                | $                                      | 1.50000 |                   | $                                      | 1.53124 |               | $                                      | 1.50000 |                   | $                                      | 1.59375 |                   | $                                   | 1.75000 |                    |
| (1)The Company fully redeemed the 1,472,000 outstanding shares of Series G Term Preferred Stock on December 23, 2024 at a price of $25.00 per share for a total cost of $36,800,000. |     |                                        |         |                |                                        |         |                   |                                           |         |                |                                        |         |                   |                                        |         |               |                                        |         |                   |                                        |         |                   |                                     |         |                    |

Dividends payable on the Company’s Term Preferred Stock and Cumulative Preferred Stock were $0 at December 31, 2024.

Deferred issuance costs represent underwriting fees and other direct costs incurred that are related to the Company’s Term Preferred Stock. As of December 31, 2024, the Company had a deferred issuance cost balance of $1,187,360 related to the issuance of the Term Preferred Stock. Aggregate net discount on the Term Preferred Stock, that are still held as of December 31, 2024, at the time of issuance totaled $6,090,994. As of December 31, 2024 the Company had an unamortized discount balance of $3,267,292. These amounts are amortized and are included in Preferred dividend expense on the Statement of Operations over the term of the respective shares.

Deferred issuance costs represent underwriting fees and other direct costs incurred that are related to the Company’s Cumulative Preferred Stock. As of December 31, 2024, the Company had a deferred debt issuance cost balance of $352,127 related to the issuance of the Cumulative Preferred Stock. As of December 31, 2024 the Company had an unamortized discount balance