Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 133

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 133
---
 income payable.

#### Scenario 2
Assumptions

Investment income (including interest, dividends, fees, etc.) = 2.525%

Fixed preferred return (1) = 1.5%

Base management fee (2) = 0.5%

Other expenses (legal, accounting, custodian, transfer agent, etc.) (3) = 0.2%

Pre-incentive fee net investment income

(investment income - (base management fee + other expenses)) = 1.825%

<div align='center'>81</div>

Subordinated incentive fee on income = 100% × pre-incentive fee net investment income (subject to “catch-up”) (4)

= 100% × (1.825% - 1.5%)

= 0.325%

Pre-incentive fee net investment income exceeds the fixed preferred return rate, but does not fully satisfy the “catch-up” provision, therefore the subordinated incentive fee on income is 0.325%.

#### Scenario 3
Assumptions

Investment income (including interest, dividends, fees, etc.) = 3.5%

Fixed preferred return (1) = 1.5%

Base management fee (2) = 0.5%

Other expenses (legal, accounting, custodian, transfer agent, etc.) (3) = 0.2%

Pre-incentive fee net investment income

(investment income - (base management fee + other expenses)) = 2.8%

Catch up = 100% × pre-incentive fee net investment income (subject to “catch-up”) (4)

Subordinated incentive fee on income = 100% × “catch-up” + (20.0% × (pre-incentive fee net investment income - 1.875))

Catch up = 1.875% - 1.5%

= 0.375%

Subordinated incentive fee on income = (100% × 0.375%) + (20.0% × (2.8% - 1.875%))

= 0.375% + (20% × 0.925%)

= 0.375% + 0.185%

= 0.56%

Pre-incentive fee net investment income exceeds the fixed preferred return and fully satisfies the “catch-up” provision, therefore the subordinated incentive fee on income is 0.56%.

_______________________________________________________________________________

(1) Represents 6.0% annualized