Company: PRIF-PJ
Filing Date: 2025-07-10
Form Type: 40-APP
Source: 0001287032-25-000183
Chunk: 5

Company: Priority Income Fund, Inc.
Filing Date: 2025-07-10
Form: 40-APP
Chunk 5
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 with PCM, PRISM, and/or PEYM. The term “Adviser” also includes any internally-managed Regulated Fund.

8 See, e.g. , Massachusetts Mutual Life Insurance Co. (pub. avail. June 7, 2000), Massachusetts Mutual Life Insurance Co. (pub. avail. July 28, 2000) and SMC Capital, Inc. (pub. avail. Sept. 5, 1995).

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#### II. GENERAL DESCRIPTION OF THE APPLICANTS
A. PSEC

• PSEC is a Maryland corporation organized as a closed-end management investment company that has elected to be regulated as a business development company (“

#### BDC
”) under the 1940 Act. PSEC was organized on April 13, 2004 and commenced operations on July 27, 2004. PSEC’s principal place of business is 10 East 40 th Street, 42 nd Floor, New York, New York 10016.

• PSEC’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. PSEC invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. PSEC has a five-member Board, three of which are not “interested” persons of PSEC within the meaning of Section 2(a)(19) of the 1940 Act. 9

B. PRIS

• PRIS is a Maryland corporation organized as a closed-end management investment company registered under the 1940 Act. PRIS was organized on July 19, 2012. PRIS’s principal place of business is 10 East 40 th Street, 42 nd Floor, New York, New York 10016.

• PRIS’s investment objective is to generate current income and, as a secondary objective, long-term capital appreciation. PRIS expects to seek to achieve its investment objective by investing, under normal circumstances, at least 80% of its total assets, or net assets plus borrowings, in senior secured loans made to companies whose debt is rated below investment grade or, in limited circumstances, unrated, with an emphasis on current income . PRIS has a four-member Board, three of which are not “interested” persons of the Fund within the meaning of Section 2(a)(19) of the 1940 Act.

C. PFLOAT

• PFLOAT is a Maryland corporation organized