Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 89

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 89
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 |                                                                                                                                        | -114,917,112 |      |
|                                                                                                                                                                              |     | $           |     |  591,440,483 |     | $                                                               |     |      |  591,440,483 |     |   |     | $ |                                                                                                                                        |  591,440,483 |      |
| Total capitalization                                                                                                                                                         |     | $           |     |  887,646,119 |     | $                                                               |     |      |  858,266,568 |     |   |     | $ |                                                                                                                                        |              | [__] |

(1) On September 6, 2022, we entered into a new $40 million revolving credit facility, increasing and replacing the prior $35 million facility. With the new Facility, we have increased access to financing with a longer maturity and a lower drawn and undrawn interest rate. The revolving period of the Facility is three years (plus one year extension under certain conditions, so through September 2026, compared to December 2022 with the prior Facility) and an 18 month amortization period, for a total of 5.5 years through March 2028 (compared to March 2024 with the prior Facility). On March 31, 2023, the commitment of the Facility was increased to $75 million. As of March 24, 2025, there was $24.2 million outstanding under the Facility.

(2) On January 27, 2020, we issued $15 million in aggregate principal amount of the 2035 Notes in a private placement to an institutional investor. On March 3, 2022, we issued an additional $15 million in aggregate principal amount of the 2035 Notes

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issued in a private placement to the same institutional investor. As of March 24, 2025, we had $30 million in aggregate principal amount outstanding of our 2035 Notes.

(3) This represents the redemption of all outstanding shares of Series H Term Preferred Stock on April 9, 2025.

(4) This amount does not include a deduction for underwriting discounts and commissions and estimated offering expenses.

(5) The number of issued and outstanding shares of Series M Term Preferred Stock is further adjusted to give effect to the assumed sale of [__] shares of Series M Term Preferred Stock in this offering, which actual amount may be greater or less than what is assumed in the