Company: PRIF-PJ
Filing Date: 2025-08-28
Form Type: N-CSR
Source: 0001554625-25-000057
Chunk: 23

Company: Priority Income Fund, Inc.
Filing Date: 2025-08-28
Form: N-CSR
Chunk 23
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 expected to have minimal impact on its financial statements.

In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”),” which intends to improve the transparency of income tax disclosures. ASU No. 2023-09 is effective for fiscal years beginning after December 15, 2024 and is to be adopted on a prospective basis with the option to apply retrospectively. The Company is currently assessing the impact of this guidance, however, the Company does not expect it to have a material impact to the Company's financial statements.

#### Note 3. Portfolio Investments
Purchases of investment securities (excluding short-term securities) for the year ended June 30, 2025 were $115,288,594. During the year ended June 30, 2025, the Company sold sixty-six CLO debt investments and eleven CLO equity investments resulting in proceeds of $194,611,527 and a net realized loss of $12,169,637. During the year ended June 30, 2025, the Company recognized realized gains of $2,650,807 from thirteen CLO equity investments that were called. During the year ended June 30, 2025, the Company recognized realized losses of $168,511,084 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 June 30, 2025:

| Assets                                         |     | Level 1 |   |     | Level 2 |   |     | Level 3 |             |     | Total |             |
|:-----------------------------------------------|:----|:--------|:--|:----|:--------|:--|:----|:--------|------------:|:----|:------|------------:|
| Collateralized Loan Obligations - Equity Class |     | $       | — |     | $       | — |     | $       | 446,877,759 |     | $     | 446,877,759 |
| Collateralized Loan Obligations - Debt Class   |     |         | — |     |         | — |     |         |  83,