Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 108

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 108
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 composition. In determining whether to borrow money, we will analyze the maturity, covenant package and rate structure of the proposed borrowings as well as the risks of such borrowings compared to our investment outlook. As of June 30, 2024, we had, approximately, $27.4 million of shares of 7.00% Series D Term Preferred Stock due 2029 outstanding, $30.8 million of 6.625% Series F Term Preferred Stock due 2027 outstanding, $36.8 million of 6.250% Series G Term Preferred Stock due 2026 outstanding, $29.9 million of 6.000% Series H Term Preferred Stock due 2026 outstanding, $40.0 million of 6.125% Series I Term Preferred Stock due 2028 outstanding, $39.5 million of 6.000% Series J Term Preferred Stock due 2028 outstanding, $40 million of 7.000% Series K Cumulative Preferred Stock outstanding, $27.5 million of 6.375% Series L Term Preferred Stock due 2029 outstanding, $19.5 million under the Facility outstanding and $30 million in aggregate principal amount of our 2035 Notes

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outstanding and our asset coverage ratio, with respect to the Preferred Stock, the 2035 Notes and the Facility was approximately 303%, 1,966% and 4,990%, respectively. The Asset Coverage per Unit is $49,905 for the Facility, $19,659 per unit for the 2035 Notes and $76 for the Preferred Stock.

On March 18, 2020, the Company announced a program for the repurchase of up to $50 million worth of the outstanding shares of the Company’s Preferred Stock in aggregate. The Company may, but is not obligated to, repurchase its outstanding Preferred Stock in the open market from time to time upon the approval of the Board of Directors. Under the repurchase program, the Company repurchased 18,748 Series A Term Preferred Stock, at an average net price of $18.32 per share, 15,082 Series B Term Preferred Stock, at an average net price of $18.25 per share, 52,901 Series C Term Preferred Stock at an average net price of $18.29 per share, 1,000 Series D Term Preferred Stock, at an average net price of $16.93 per share, 60,684