Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 196

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 196
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 Appendix ” shall have the respective meanings as set forth in the Recitals of these Articles Supplementary.

“ Articles Supplementary ” means these Priority Income Fund, Inc. Articles Supplementary Establishing and Fixing the Rights and Preferences of Term Preferred Shares, as they may be amended from time to time in accordance with their terms.

“ Asset Coverage ” shall mean the “asset coverage” of a class of senior security which is stock, as specified in Section 18 of the 1940 Act as in effect on the date hereof.

“ Asset Coverage Cure Date ” means, with respect to the failure by the Corporation to maintain Asset Coverage as of the close of business on the last Business Day of a Calendar Quarter (as required by Section 2.4(a) ), the date that is thirty (30) calendar days following the Filing Date with respect to such Calendar Quarter.

“ Board of Directors ” shall have the meaning as set forth in the Recitals of these Articles Supplementary.

“ Business Day ” means any calendar day on which the New York Stock Exchange is open for trading.

“ Calendar Quarter ” shall mean any of the three month periods ending March 30, June 30, September 30, or December 30, of each year.

“ Capital Stock ” shall have the meaning as set forth in the Recitals of these Articles Supplementary.

“ Charter ” shall have the meaning as set forth in the Recitals of these Articles Supplementary.

“ Commission ” means the U.S. Securities and Exchange Commission.

“ Common Stock ” means the shares of common stock, with a par value of one cent ($0.01) per share, of the Corporation.

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“ Corporation ” shall have the meaning as set forth in the Preamble to these Articles Supplementary.

“ Custodian ” means a bank, as defined in Section 2(a)(5) of the 1940 Act, that has the qualifications prescribed in paragraph 1 of Section 26(a) of the 1940 Act, or such other entity as shall be providing custodian services to the Corporation as permitted by the 1940 Act or any rule, regulation, or order thereunder, and shall include, as appropriate, any similarly qualified sub-custodian duly appointed by the Custodian.

“ Custodian Agreement ” means the Custodian Agreement by and among the Custodian and the Corporation.

“ Date of Original Issue ” means, with respect to any Series, the date specified as the Date of Original Issue for such Series in the Appendix for such