Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 200

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 200
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 other similarly titled agreement by and among the Redemption and Paying Agent for such Series and the Corporation with respect to such Series.

“ Redemption Date ” shall have the meaning as set forth in Section 2.5(d) .

“ Redemption Default ” shall have the meaning as set forth in Section 2.2(g)(i) .

“ Redemption Price ” shall mean the Term Redemption Price, the Mandatory Redemption Price or the Optional Redemption Price, as applicable.

“ SEC Report ” means, with respect to any Calendar Quarter, the Corporation’s Annual Report on Form N-CSR, Semi-Annual Report on Form N-SAR, or Quarterly Report on Form N-Q or Form N-PORT, as applicable, filed by the Corporation with the Securities and Exchange Commission with respect to the fiscal period ending as of the last day of such Calendar Quarter.

“ Securities Depository ” shall mean The Depository Trust Company and its successors and assigns or any other securities depository selected by the Corporation that agrees to follow the procedures required to be followed by such securities depository as set forth in these Articles Supplementary with respect to the Term Preferred Shares.

“ Senior Security ” shall have the meaning specified in Section 18 under the 1940 Act, as in effect on the date hereof.

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

“ Short-Term Money Market Instruments ” means the following types of instruments if, on the date of purchase or other acquisition thereof by the Corporation, the remaining term to maturity thereof is not in excess of 180 days:

(i) commercial paper rated A-1 if such commercial paper matures in 30 days or A-1+ if such commercial paper matures in over 30 days;

(ii) demand or time deposits in, and banker’s acceptances and certificates of deposit of (A) a depository institution or trust company incorporated under the laws of the United States of America or any state thereof or the District of Columbia or (B) a United States branch office or agency of a foreign depository institution (provided that such branch office or agency is subject to banking regulation under the laws of the United States, any state thereof or the District of Columbia); and (iii) overnight funds.

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

“ Term Redemption Date ” means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

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