Priority Income Fund, Inc.

PRIF-PD: SC TO-I/A · share repurchase

Priority Income Fund completed its issuer tender offer, repurchasing a total of 1,551,221 shares at $3.15 per share, equal to its July 31, 2026 net asset value, for an aggregate price of approximately $4,886,346. Oversubscription was heavy: 10,184,037 shares were validly tendered, so only about 15.23% of each participating shareholder's tendered shares were actually repurchased on a pro rata basis, with small holders under 100 shares served first. Amendment No. 2 also corrects an administrative error in which 2,368 validly tendered shares were not initially reported for repurchase; the company and its transfer agent arranged repurchase of 410 of these so far under the offer's terms.

SEC SC TO-I/A•4d ago

PRIF-PD: 25-NSE · delisting

The NYSE filed a Form 25 to remove Priority Income Fund's securities from listing and registration effective at the opening of business on October 26, 2026. The securities were called for redemption, maturity, or retirement on October 14, 2026, and sufficient funds for payment were deposited with a paying agency and made available to security holders that day. Trading was suspended on October 14, 2026 as a result of the redemption call. This is a routine delisting tied to a planned redemption rather than a sign of financial distress.

SEC 25-NSE•12d ago

PRIF-PD: DEF 14A · proxy statement

Priority Income Fund filed its definitive 2026 proxy statement for an annual meeting to be held virtually on December 17, 2026. The sole substantive proposal is the election of William J. Gremp as a Class II director, voted on exclusively by preferred stockholders as a single class to serve until the 2029 annual meeting. The proxy discloses 63,721,527 common shares and 3,794,065 preferred shares outstanding as of the September 21, 2026 record date. The Fund retained EQ Fund Solutions as proxy solicitor for approximately $53,712 plus expenses, reflecting a largely retail shareholder base that requires extra solicitation to reach quorum. Routine governance details were confirmed: Deloitte & Touche was reappointed as auditor for fiscal 2027 with FY2026 audit fees of approximately $450,000, and each independent director receives a $62,500 retainer from the Fund ($238,750 total across the Fund Complex). No compensation committee exists because executives are paid through the adviser and administrator rather than the Fund.

SEC DEF 14A•1mo ago

PRIF-PD: SC TO-I · share repurchase

Priority Income Fund, Inc. filed a Schedule TO-I on September 18, 2026 announcing an issuer tender offer to repurchase up to 1,621,557 shares of its common stock, equal to 2.5% of shares outstanding, at a cash price equal to the net asset value per share as of October 31, 2026. As of September 18, 2026, there were 63,721,527 shares outstanding held by 12,578 record holders. The offer runs until 4:00 PM Eastern Time on October 30, 2026 unless extended, is not conditioned on any minimum tender, and would cost approximately $5.1 million at the July 31, 2026 NAV of $3.15 per share, funded with cash on hand. If oversubscribed, shares will be purchased pro rata with priority for odd-lot holders, and unpurchased shares must be resubmitted in future offers. The stated purpose is to provide stockholder liquidity since the shares have no public trading market, and the board has reserved the right to suspend or terminate the repurchase program. Neither the company, its board, nor its adviser Priority Senior Secured Income Management makes any recommendation to tender, and no directors or executive officers intend to participate in the offer.

SEC SC TO-I•1mo ago