Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 12

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 12
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 under U.S. and EU law to CLOs may have broader effects on the CLO and loan markets in general, potentially resulting in fewer or less desirable investment opportunities for us.

• We may experience fluctuations in our quarterly results.

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• Regulations governing our operation as a registered closed-end management investment company affect our ability to raise additional capital and the way in which we do so. As a registered closed-end management investment company, the necessity of raising additional capital may expose us to risks, including the typical risks associated with leverage.

• Our ability to enter into transactions with our affiliates will be restricted.

• We are uncertain of our sources for funding our future capital needs; if we cannot obtain equity or debt financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected.

• If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, stockholders could lose confidence in our financial and other public reporting, which would harm our business and our ability to continue the offering.

• We may experience cyber-security incidents and are subject to cyber-security risks. The failure in cyber-security systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning, could impair our ability to conduct business effectively.

• We are dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to pay dividends.

Risks Related to an Investment in Series M Term Preferred Stock

• The Series M Term Preferred Stock is a fixed interest rate security and is subject to risks related to fixed interest rate investments including the risk of a decline in the price of the Series M Term Preferred Stock if prevailing interest rates increase, and the risk of a faster than anticipated rate of prepayments, which is likely to result in a lower than anticipated yield, if prevailing interest rates decrease.

• Prior to this offering, there has been no public market for the Series M Term Preferred Stock, and we cannot assure you that the market price of the Series M Term Preferred Stock will not decline following the offering.

• The Series M Term Preferred Stock will be subordinate to the rights of holders of senior indebtedness.

• The Series M Term Preferred Stock will be subject to a risk of early redemption and holders may not be able to reinvest their funds.

• Holders of the Series M Term Preferred Stock will bear dividend