Company: PRIF-PJ
Filing Date: 2025-07-10
Form Type: 40-APP
Source: 0001287032-25-000183
Chunk: 2

Company: Priority Income Fund, Inc.
Filing Date: 2025-07-10
Form: 40-APP
Chunk 2
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 closed-end management investment company registered under the 1940 Act. The investment adviser to PEYF is PEYM (as defined below).

• Prospect Capital Management L.P. (“

#### PCM
”), a Delaware limited partnership that serves as the investment adviser for PSEC and PFLOAT. PCM is an investment adviser registered under the Investment Advisers Act of 1940, as amended (the “

#### Advisers Act
”).

1 Unless otherwise indicated, all section and rule references herein are to the 1940 Act and rules promulgated thereunder.

2 Prospect Capital Corporation, et al. (File No. 812-14977), Release No. IC-33716 (Dec. 16, 2019) (notice), Release No. IC-33745 (Jan. 13, 2020) (order); Prospect Capital Corporation, et al. (File No. 812-15330), Release No. IC-34642 (Jul. 5, 2022) (notice), Release No. IC-34659 (Aug. 2, 2022) (order).

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• Priority Senior Secured Income Management, LLC (“

#### PRISM
”), a Delaware limited liability company that serves as the investment adviser for PRIS. PRISM is an investment adviser registered under the Advisers Act.

• Prospect Enhanced Yield Management, LLC (“

#### PEYM
” and together with PCM and PRISM, the “

#### Existing Advisers
”), a Delaware limited liability company that serves as the investment adviser for PEYF. PEYM is an investment adviser registered under the Advisers Act. All of the Existing Advisers are under common control.

• Prospect Capital Funding LLC (“

#### PSEC SPV Sub
”) and National Property REIT Corp., (“

#### NPRC
” and together with PSEC SPV Sub, the Existing Regulated Funds and the Existing Advisers, the “

#### Applicants
”), 3 each of which is a separate and distinct legal entity and each of which is a Wholly-Owned Investment Sub (as defined below) of PSEC.

3 All existing entities that currently intend to rely upon the requested Order have been named as Applicants. Any other existing or future entity that subsequently relies on the Order will comply with the terms and conditions of the Application.

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The relief requested in this application for the Order (the “

#### Application
”) would allow a