Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 190

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 190
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, exercisable for 30 days from the date of this prospectus, to purchase from us up to [___] additional shares of the Series M Term Preferred Stock at the public offering price less the underwriting discount. The underwriters may exercise the option solely for the purpose of covering over-allotments, if any, in connection with this offering. To the extent such option is exercised, each underwriter must purchase a number of additional shares approximately proportionate to that underwriter’s initial purchase commitment.

The Company, the Adviser and the Administrator have agreed that we will not, for a period of 30 days from the date of this prospectus, without the prior written consent of the representative, directly or indirectly, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or lend or otherwise transfer or dispose of any of its Preferred Stock or any securities convertible into or exercisable or exchangeable for its Preferred Stock, except for the Series M Term Preferred Stock sold to the underwriters pursuant to the underwriting agreement, any Preferred Stock issued pursuant to any dividend reinvestment plan or pursuant to a registered continuous offering.

We estimate that the total expenses of this offering, excluding the underwriting discount, will be approximately $[___]. As part of our payment of our offering expenses, we have agreed to pay expenses related to the fees and disbursements of counsel to the underwriters, in an amount not to exceed $[___] in the aggregate.

The following table shows the underwriting discount to be paid to the underwriters solely by us in connection with this offering. These amounts are shown assuming both no exercise and full exercise of the underwriters’ option to purchase additional shares of the Series M Term Preferred Stock.

|           |     | No Exercise |     |       |     | Full Exercise |     |       |
|:----------|:----|:------------|:----|:------|:----|:--------------|:----|:------|
| Per share |     | $           |     | [___] |     | $             |     | [___] |
| Total     |     | $           |     | [___] |     | $             |     | [___] |

We have agreed to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to make because of any of those liabilities.

We have