Company: PRIF-PJ
Filing Date: 2025-02-28
Form Type: N-CSRS
Source: 0001554625-25-000010
Chunk: 1

Company: Priority Income Fund, Inc.
Filing Date: 2025-02-28
Form: N-CSRS
Chunk 1
---
 markets) or through investments in the equity and junior debt tranches of collateralized loan obligation (“CLO”) vehicles that in turn own pools of Senior Secured Loans. The Company intends to invest in both the primary and secondary markets.

TABLE OF CONTENTS

|                                                          |     |    |     | Page |
| Letter to Stockholders                                   |     |  5 |     |      |
| Fund Performance                                         |     |  7 |     |      |
| Portfolio Composition - At a Glance                      |     |  9 |     |      |
| Index to Financial Statements                            |     |    |     |      |
| Statement of Assets and Liabilities                      |     | 11 |     |      |
| Statement of Operations                                  |     | 12 |     |      |
| Statements of Changes in Net Assets and Temporary Equity |     | 13 |     |      |
| Statement of Cash Flows                                  |     | 14 |     |      |
| Schedule of Investments                                  |     | 16 |     |      |
| Notes to Financial Statements                            |     | 26 |     |      |
| Distribution Reinvestment Plan                           |     | 54 |     |      |
| Management                                               |     | 56 |     |      |
| Additional Information                                   |     | 57 |     |      |

#### 2025 SEMI-ANNUAL REPORT
PRIORITY INCOME FUND, INC. 4

#### Letter to Shareholders
Dear Shareholders,

We are pleased to present this semi-annual report of Priority Income Fund, Inc. (“we,” “us,” “our,” the “Company”, the “Fund” or “Priority”) for the period ended December 31, 2024. In 2024, Priority reached an important milestone of more than 10 years of operations, demonstrating one of the longest track records in the industry for a fund with this investment focus. The following highlights key accomplishments over the last decade as well as the six months ended December 31, 2024:

– Priority has provided its shareholders with cash distributions each month for over 10 years, and recently declared its bonus distributions to common shareholders for the 52 nd time since inception. Priority recently paid shareholders an annualized dividend yield of 13.13% , based on the December 31, 2024 “Class R Shares” offering price of $10.21 (a 14.19% year-over-year increase in annualized dividend yield from June 30