Company: PRIF-PJ
Filing Date: 2025-02-28
Form Type: N-CSRS
Source: 0001554625-25-000010
Chunk: 27

Company: Priority Income Fund, Inc.
Filing Date: 2025-02-28
Form: N-CSRS
Chunk 27
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 provides the ability for a public entity to elect more than one performance measure. ASU 2023-07 is effective for the fiscal years beginning after December 15, 2023, and interim periods beginning with the first quarter ended September 30, 2025. Early adoption is permitted and retrospective adoption is required for all prior periods presented. The Company is currently assessing the impact of this guidance. However, the Company does not expect a material impact on its consolidated financial statements.

#### Note 3. Portfolio Investments
Purchases of investment securities (excluding short-term securities) for the six months ended December 31, 2024 were $99,028,249. During the six months ended December 31, 2024, the Company sold six CLO debt investments resulting in a realized gain of $7,004,296. The Company recognized realized losses of $92,175,548 for certain CLO equity investments for which the Company determined that the CLO’s expected remaining cash flows do not exceed amortized cost basis.

The following table shows the fair value of our investments measured at fair value on a recurring basis, disaggregated into the three levels of the ASC 820 valuation hierarchy as of December 31, 2024:

| Assets                                         |     | Level 1 |   |     | Level 2 |   |     | Level 3 |             |     | Total |             |
|:-----------------------------------------------|:----|:--------|:--|:----|:--------|:--|:----|:--------|------------:|:----|:------|------------:|
| Collateralized Loan Obligations - Equity Class |     | $       | — |     | $       | — |     | $       | 641,184,445 |     | $     | 641,184,445 |
| Collateralized Loan Obligations - Debt Class   |     |         | — |     |         | — |     |         | 245,972,412 |     |       | 245,972,412 |
|                                                |     | $       | — |     | $       | — |     | $       | 887,156,857 |     | $     | 887,156,857 |

The following table shows the aggregate changes in fair value of our Level 3 investments during the six months ended December 31, 2024 (1) :

|                                                                                                                                                                                                               |     | Collateralized Loan Obligation - Equity Class