Company: PRIF-PJ
Filing Date: 2025-02-28
Form Type: N-CSRS
Source: 0001554625-25-000010
Chunk: 51

Company: Priority Income Fund, Inc.
Filing Date: 2025-02-28
Form: N-CSRS
Chunk 51
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 2024: |           |
|:---------------------------------------------------|:----|:------------------------------------|----------:|
| Ordinary income                                    |     | $                                   | 8,661,185 |
| Return of capital                                  |     |                                     |         — |
| Capital gain                                       |     |                                     |         — |
| Total distributions paid to preferred shareholders |     | $                                   | 8,661,185 |

However, the final determination of the tax character of dividends between ordinary income, capital gains and return of capital

will not be made until we file our tax return for the tax year ending June 30, 2025.

Taxable income generally differs from net increase in net assets resulting from operations for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses, and generally excludes net unrealized gains or losses, as unrealized gains or losses are generally not included in taxable income until they are realized. The following reconciles the net increase in net assets resulting from operations to taxable income for the year ended June 30, 2024.

|                                                                 |     | Year Ended June 30, 2024: |             |
|:----------------------------------------------------------------|:----|:--------------------------|------------:|
| Net increase (decrease) in net assets resulting from operations |     | $                         |  54,391,621 |
| Net realized (gains) losses                                     |     |                           | 108,574,549 |
| Net unrealized (gains) losses on Investments                    |     |                           | -88,304,040 |
| Other temporary book-to-tax differences(1)                      |     |                           | -41,980,632 |
| Other permanent differences                                     |     |                           |  17,340,581 |
| Taxable income before deductions for distributions              |     | $                         |  50,022,079 |

<div align='center'>(1) Temporary book-to-tax differences primarily relate to timing recognition of CLO taxable income.</div>

As of the tax year ended June 30, 2024, we had $6,293,862 of undistributed ordinary income in excess of cumulative distributions and no capital gain in excess of cumulative distributions.

#### 2025 SEMI-ANNUAL REPORT
PRIORITY INCOME FUND, INC. 45

Capital losses in excess of capital gains earned in a tax year may generally be carried forward and used to offset capital gains, subject to certain limitations. As of June 30,