Priority Income Fund Announces Additional Monthly Cash “Base” Common Shareholder Distributions and Reinstatement of Quarterly Cash “Bonus” Common Shareholder Distribution for September through November 2020

August 25, 2020

NEW YORK, August 25, 2020 /Business Wire/ -- Priority Income Fund, Inc.("Priority Income Fund" or the "Fund") announced today that the Fund’s board of directors has declared new monthly cash “base” common shareholder distributions as well as the reinstatement of a quarterly cash “bonus” common shareholder distribution.

The annualized total cash distribution rate for Class R common shares is 10.36% for distributions from September 4, 2020 through November 30, 2020 based on the current offering price of $11.58 per common share.

The additional declared cash “base” distributions will have weekly record dates and will be payable monthly to common stockholders of record as of the close of business each week. These declared distributions equal a weekly cash amount of$0.02014 per share of common stock (representing $0.26182 per common share on a quarterly basis) as follows:

Monthly Cash “Base”

Shareholder  Distribution                         Record Dates                                          Payment Date                                   Total Amount ($ per share)

September 2020                                             September 4, 11, 18 and 25, 2020             September 28, 2020                             $0.08056

October 2020                                                  October 2, 9, 16, 23 and 30, 2020              November 2, 2020                                 $0.10070

November 2020                                              November 6, 13, 20 and 27, 2020             November 30, 2020                               $0.08056

 These monthly cash“base” common shareholder distributions represent the 81st, 82nd,and 83rd consecutive such monthly “base” distributions paid by the Fund at a rate at least equal to this steady $0.02014 per share of common stock.

 The Fund's board of directors has also reinstated a quarterly cash “bonus” distribution as follows:

 Quarterly Cash “Bonus”

Shareholder  Distribution                Record Date                    Payment Date                   Amount ($ per share)

September 2020                                    September 25, 2020         September 28, 2020           $0.03750


This cash “bonus”distribution represents the 26th cash quarterly “bonus” common shareholder distribution that the Fund has declared.

The Fund has paid or declared cumulative cash distributions totaling $10.00 per common share since inception in January 2014 through November 2020.

 About Priority Income Fund
Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P.  For more information, visit

About Prospect Capital Management L.P.
Headquartered in New York City, Prospect is an SEC-registered investment adviser that, along with its predecessors and affiliates, has a more than 30-year history of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of approximately 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $5.8 billion of assets under management as of March 31,2020. For more information, call 212.448.0702 or visit

About Preferred Capital Securities, LLC

Preferred Capital Securities, LLC serves as the dealer manager for Priority Income Fund,Inc. and has been a member of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique investment banking firm that distributes real estate and credit investment products in private and public structures through broker dealers and registered investment advisors. The PCS has raised over $2.3 billion of capital as a wholesale distributor for various alternative investment strategies. For more information, visit

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 Additional Information
Past performance is not indicative of future performance.
 Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment.

Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Investor Services at 866.655.3650.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as"believes," "expects," "projects," and"future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. mayor may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



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