Priority Income Fund, Inc. — Regulatory Filings 2021

Oct 14, 2021

424B3 1 a20211014-priscommonprosup.htm 424B3 html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd" Document created using Wdesk Copyright 2021 Workiva Document

Filed Pursuant to Rule 424(b)(3)

File No. 333-235356

Maximum Offering of 69,851,914 Shares

---

Supplement No. 16 dated October 14, 2021

to the

Prospectus dated October 9, 2020

---

This supplement contains information which amends, supplements or modifies certain information contained in the Prospectus of Priority Income Fund, Inc. (the “Company”) dated October 9, 2020, as amended or supplemented (the “Common Stock Prospectus”). Capitalized terms used but not defined herein shall have the same meaning given them in the Common Stock Prospectus.

You should carefully consider the “Risk Factors” beginning on page 34 of the Prospectus before you decide to invest.

Monthly Net Asset Value Determination

In connection with our monthly net asset value determination, as provided in our valuation policies and procedures, we are announcing that the estimated net asset value of our investment portfolio as of September 30, 2021 is $12.46 per share of our common stock.

Change in Public Offering Price

In connection with our monthly net asset value determination, we are announcing a change in the public offering prices of our common stock as follows: $13.43 per share designated as “Class R,” $12.62 per share designated as “Class RIA,” and $12.52 per share designated as “Class I” from $13.38 per share designated as “Class R,” $12.58 per share designated as “Class RIA,” and $12.48 per share designated as “Class I.” Although we use “Class” designations to indicate our differing sales load structures, the Company does not operate as a multi-class fund. The change in the public offering price is effective as of our October 15, 2021 weekly closing and first applied to subscriptions received from October 8, 2021 through October 14, 2021.