NEW YORK, June 13, 2025 /GlobeNewswire/ --Priority IncomeFund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.125% Series I Term Preferred Stock Due2028 (CUSIP: 74274W780; NYSE: PRIF PRI) (the “Series I Preferred Shares”) at a price of $25 per Series I Preferred Share, plus accrued but unpaid dividends per Series I Preferred Share from March 31, 2025, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be July 14,2025 (the “Redemption Date”).

On the Redemption Date, the Redemption Price will become due and payable on the Series I Preferred Shares and any dividends shall cease to accumulate on the Series I Preferred Shares that are redeemed from and after such date. Unless the Fund defaults in the payment of the Redemption Price, dividends on the Series I Preferred Shares that are redeemed will cease to accumulate on and after the Redemption Date, and the only remaining right of the holders of the Series I Preferred Shares that are redeemed is to receive payment of the Redemption Price.  

The Series I Preferred Shares are held through TheDepository Trust Company and will be redeemed in accordance with the applicable procedures.

This press release does not constitute a notice of redemption under the articles supplementary governing the shares.

Following redemption of the Series I Preferred Shares, theFund will have outstanding shares of 7.00% Series D Term Preferred Stock due2029 (NYSE: PRIF PRD), 6.000% Series J Term Preferred Stock due 2028 (NYSE:PRIF PRJ), 7.000% Series K Cumulative Preferred Stock (NYSE: PRIF PRK), and 6.375% Series L Term Preferred Stock due 2029 (NYSE: PRIF PRL).

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 inthe United States. The Fund is managed by Priority Senior Secured IncomeManagement, LLC, which is led by a team of investment professionals from theinvestment and operations team of Prospect Capital Management L.P.(“Prospect”). For more information,visit https://www.priorityincomefund.com orcall (212) 448-0702.

About Prospect Capital Management L.P.
Prospect, headquartered in New York City, is anSEC-registered investment adviser that, along with its predecessors and affiliates, has more than 37-years of investing in and managing high-yieldingdebt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 150professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $8.3 billion ofassets under management as of December 31, 2024. Prospectis the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC).

Additional Information

Forward-Looking Statements
This press release may contain certain forward-lookingstatements within the meaning of the Private Securities Litigation Reform Actof 1995, including statements regarding the future performance of PriorityIncome Fund, Inc. Words such as “believes," "expects,""projects," and “future" or similar expressions are intended to identifyforward-looking statements. Any such statements, other than statements ofhistorical fact, are highly likely to be affected by unknowable future eventsand conditions, including elements of the future that are or are not under thecontrol of Priority Income Fund, Inc. and that Priority Income Fund, Inc. may ormay not have considered; accordingly, such statements cannot be guarantees orassurances of any aspect of future performance. Actual developments and resultsare highly likely to vary materially from any forward-looking statements. Suchstatements speak only as of the time when made, and Priority Income Fund, Inc.undertakes no obligation to publicly update or revise any forward-lookingstatements, whether as a result of new informatio