Company: PRIF-PJ
Filing Date: 2025-03-26
Form Type: N-2
Source: 0001554625-25-000027
Chunk: 110

Company: Priority Income Fund, Inc.
Filing Date: 2025-03-26
Form: N-2
Chunk 110
---
 of 6.50% per year, payable quarterly on March 31, June 30, September 30 and December 31 of each year.

The use of borrowed funds, such as through the Facility, or the proceeds of notes or preferred stock, such as the Series M Term Preferred Stock, to make investments has its own specific set of benefits and risks, and all of the costs of borrowing funds or issuing preferred stock would be borne by holders of our common stock. See “Risk Factors-Risks Related to Our Capital Structure and Leverage” for a discussion of the risks inherent to employing leverage.

#### Common Stock Offering
By a separate prospectus, we are currently offering to the public shares of our common stock with differing initial sales loads. Although our shares of common stock are sold with different sales loads, each share of our common stock has identical rights with respect to voting and distributions, and will likewise bear its own pro rata portion of our expenses and have the same net asset value as each other share of our common stock.

Preferred Capital Securities, LLC acts as the dealer manager in connection with the sale of shares of common stock. The dealer manager authorizes one or more other broker-dealers that are members of FINRA to sell our shares of common stock.

While a registered closed-end management investment company may list its common stock for trading in the public markets, we have currently elected not to do so. We believe that a non-traded structure is appropriate for the long-term nature of the assets in which we invest. This structure allows us to operate with a long-term view, similar to that of other types of private investment funds—instead of managing to quarterly market expectations—and to pursue our investment objective without subjecting our investors to the daily share price volatility associated with the public markets because our shares will not be listed on a national securities exchange. To provide our common stockholders with limited liquidity, we intend to, but are not obligated to, conduct quarterly repurchase offers pursuant to our share repurchase program. This will be the only method of liquidity that we offer to our common stockholders prior to a liquidity event.

We commenced the initial public offering of our shares in 2013. Since that time, we have filed new registration statements and post-effective amendments that have allowed us to continue the offering of our shares of common stock. On November 3, 2022, our Board of Directors approved the filing of a new registration statement and the extension of the offering

<div align='center'>66</div>

until the date upon