Disclosure Notice

This website and the following is neither an offer to sell nor a solicitation of an offer to buy any security, which can only be made by means of a prospectus, and sold only by broker dealers or registered investment advisors authorized to do so. An investment in the Priority Income Fund is considered speculative and involves a high degree of risk, including the risk of a substantial loss of investment. The prospectus must be read in order to understand all of the implications and risks of any offering of securities to which the material relates. Please clicking submit below, you acknowledge that you have received a copy of the prospectus.

Risk Factors

Prospectus

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Investment Strategy

The Fund intends to generate current income and, as a secondary objective, long-term capital appreciation by investing at least 80% of total assets in securitized pools of senior secured loans and/or investing in senior secured loans in the primary or secondary markets.

Industries of underlying senior secured loans

High Tech Industries - 10.22%

Healthcare Pharmaceuticals - 9.42%

Banking, Finance, Insurance & Real Estate- 8.88%

Services: Business - 7.90%

Media: Broadcasting & Subscription - 5.54%

Telecommunications- 4.74%

Hotel, Gaming & Leisure - 4.55%

Construction & Building- 3.93%

Chemical, Plastics & Rubber - 3.84%

Services: Consumer - 3.54%

Retail- 2.95%

Beverage Food & Tobacco - 2.83%

Capital Equipment - 2.76%

Containers, Packaging & Glass- 2.70%

Aerospace & Defense- 2.66%

Automotive- 2.50%

Transportation: Consumer - 2.17%

Consumer Good: Durable- 1.95%

Media: Advertising, Printing & Publishing-- 1.78%

Energy: Oil & Gas - 1.63%

Other - 7.94%

Distribution Rate

Annualized Distribution ($)

$1.34

Annualized Distribution Rate (%)

11.73%

Cumulative Distributions Per Share (since inception)

$14.92993

NII Distribution Coverage

92%

Portfolio Characteristics (estimated)

Total Assets

$983 million

Underlying Loans in Portfolio

2,225

Default Rate of Underlying Loans

0.76%

Key Facts

Inception Date: Janary 3, 2014

Offering Period: 150 Million shares or up to 18 months from the effective date of the current prospectus.

Distribution Frequency: Monthly

Portfolio Manager: Prospect Capital Management, L.P.

Minimum Investment: $1,000

Redemption Policy: 2.5% of the Fund's shares per quarter at Net Asset Value

Priority income
five key features

1. Senior secured loans
Priority Income Fund invests in pools of 1st lien, senior secured loans to large U.S. companies.
2. Consistent income to shareholders
Priority has a 10 year track record of paying a fully covered dividend. Priority currently pays a 11.73% annualized distribution paid monthly. * as of July 31, 2024
3. Diversification
Well diversified with exposure to 2,225 senior secured loans to over 1,400 companies through approximately 256 CLO positions.
4. Lack of duration risk
PRIS is not significantly impacted by interest rate movements due to floating rate nature of underlying loans and the financing in CLOs.
5. Access to best-in-class mgmt teams
Only chosen to partner with approximately 30 out of nearly 130+ fixed income managers that have issued CLO since the credit crisis.**

BENEFITS OF Senior Secured Loans

Priority in claims

Features Include:

Highest priority in the capital structure
First lien on borrower's assets
Restrictive financial covenants
Loans are not interest rate sensitive due to floating rate and Libor floors

Typical borrower:

Average loan size of $1.0B+
EBITDA of $100M+
Rated by Moody's and S&P

*Includes $34.7 million from Stira merger
**Creditflux, an Acuris Company
Data presented above are as of September 30, 2023 unless otherwise noted

An investment in shares of Priority Income Fund, Inc. (the"Fund") involves substantial risk and may result in the loss of principal invested. This Fund may not be suitable for all investors. You should carefully read the information found in the Fund’s prospectus, including the"Risk Factors " section, before deciding to invest in the Fund’s shares. These risks include but are not limited to:

The Fund seeks to achieve its objective by investing at least 80% of its total assets in senior secured loans made to companies whose debt is rated below investment grade. Senior Secured Debt involves a greater risk of default and higher price volatility than investment grade debt.
The fund will invest in equity and junior tranches of collateralized loan obligations (“CLOs”), which may be riskier than a direct investment in the underlying companies.
CLOs will typically have no significant assets other than their underlying Senior Secured Loans.
Our shares are not currently listed on any securities exchange, and we do not expect a public market for them to develop in the foreseeable future, if ever. Therefore, stockholders should not expect to be able to sell their shares promptly or at a desired price. No stockholder will have the right to require us to repurchase his or her shares or any portion thereof. Because no public market will exist for our shares, and none is expected to develop, stockholders will not be able to liquidate their investment prior to our liquidation or other liquidity event, other than through our share repurchase program, or, likely in limited circumstances, as a result of transfers of shares to other eligible investors.
The Fund’s investment strategy involves investments in securities issued by foreign entities, which will expose investors to risks not typically associated with investing in U.S. securities.
The Fund may invest a substantial percentage of its portfolio in securities that are considered illiquid, which may prevent the advisor from readily disposing of securities at favorable prices.

Investors should carefully consider the investment objectives and risk factors of the Priority Income Fund. This and other important information about the Fund is contained in the

prospectus

which should be read carefully before investing.

Strategic Investing

Increase income

Diversification

Capital Management

© 2020 Priority Income Fund, Inc. The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of the Fund. The prospectus and summary prospectus contains this and other information. To obtain a prospectus, please contact your investment representative or Preferred Capital Securities at (855) 422-3223, or e-mail investorservices@pcsalts.com

‍ 1. Awarded by Capital Finance International ("CFI") in March 2023, based in part on information submitted as of September 30, 2022 and December 31, 2022. Prospect has provided compensation to CFI for the ability to communicate the results of these awards. The awards described above may not be representative of any one investor’s experience with Prospect and should not be viewed as indicative of future performance.
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