Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 59

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 59
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 the secondary market price of shares of the Series M Term Preferred Stock may decline. As a result, you may experience a loss on your investment if you sold your Series M Term Preferred Stock on the secondary market. Prevailing interest rates in the U.S. are at historic lows. See “Description of the Series M Term Preferred Stock - Dividends.”

In addition, because the Series M Term Preferred Stock is a fixed interest rate investment, the market price for shares of our Series M Term Preferred Stock may not appreciate as a result of increase in our net asset value.

Prior to this offering, there has been no public market for the Series M Term Preferred Stock, and we cannot assure you that the market price of the Series M Term Preferred Stock will not decline following the offering.

[We have applied to list the Series M Term Preferred Stock on the NYSE] so that trading on the exchange will begin within 30 days from the Date of Original Issue. Prior to the expected commencement of trading, the Series M Term Preferred Stock will not be listed on any securities exchange and the underwriters may, but are not obligated, to make a market in the Series M Term Preferred Stock. Consequently, an investment in the Series M Term Preferred Stock during this period will be illiquid, and the holders may not be able to sell such securities. If a secondary market does develop during this period, holders of the Series M Term Preferred Stock may be able to sell such shares only at substantial discounts from liquidation preference.

If we are unable to list the shares of the Series M Term Preferred Stock on a national securities exchange, the holders of such securities may be unable to sell them at all, or if they are able to, only at substantial discounts from the Liquidation Preference. Even if shares of the Series M Term Preferred Stock are listed on the NYSE as anticipated, there is a risk that the market for such shares may be thinly traded and relatively illiquid compared to the market for other types of securities, with the spread between the bid and asked prices considerably greater than the spreads of other securities with comparable terms and features. As a result, holders of the Series M Term Preferred Stock may experience losses if they sell their Preferred Stock under these circumstances.

The Series M Term Preferred Stock will be subordinate to the rights of holders of senior indebtedness.

While holders of the Series M Term Preferred Stock will have equal liquidation and distribution rights to the holders of the Series D Term Preferred Stock, Series F Term Preferred Stock, Series I Term Preferred Stock, Series J Term Preferred