Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 60

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 60
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 Stock, Series K Cumulative Preferred Stock, Series L Term Preferred Stock and any other Preferred Stock that might be issued by us in the future, they will be subordinated to the rights of holders of our other senior indebtedness, including the Facility and the

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2035 Notes. Therefore, dividends, distributions and other payments to holders of the Series M Term Preferred Stock in liquidation or otherwise may be subject to prior payments due to the holders of senior indebtedness. In addition, the 1940 Act may provide debt holders with voting rights that are superior to the voting rights of the Series M Term Preferred Stock.

The Series M Term Preferred Stock will be subject to a risk of early redemption and holders may not be able to reinvest their funds.

We may voluntarily redeem some or all of the outstanding shares of Series M Term Preferred Stock after [___], 2025. We also may be forced to redeem some or all of the outstanding shares of Series M Term Preferred Stock to meet regulatory requirements and the asset coverage requirements of such shares. Any such redemption may occur at a time that is unfavorable to holders of the Series M Term Preferred Stock. We may have an incentive to redeem the Series M Term Preferred Stock voluntarily before the Mandatory Redemption Date if market conditions allow us to issue other Preferred Stock or debt securities at a rate that is lower than the Fixed Dividend Rate on the Series M Term Preferred Stock. The possibility of early redemption may also limit the potential for price appreciation in the event of a change in market conditions. See “Description of the Series M Term Preferred Stock - Redemption - Optional Redemption.”

If we redeem shares of the Series M Term Preferred Stock before the Mandatory Redemption Date, the holders of such redeemed shares face the risk that the return on an investment purchased with proceeds from such redemption may be lower than the return previously obtained from the investment in Series M Term Preferred Stock.

Holders of the Series M Term Preferred Stock will bear dividend risk.

We may be unable to pay dividends on the Series M Term Preferred Stock under some circumstances. The Series D Term Preferred Stock became subject to redemption by us after March 31, 2022, the Series F Term Preferred Stock became subject to redemption by us after February 25, 2023, the Series I Term Preferred Stock became subject to redemption by us after June 17, 2024, the Series J Term Preferred Stock became subject to redemption by us after August 10, 2024 and the Series L Term Preferred Stock became subject to redemption by