Maximum Offering of 80,700,556 Shares fundlogoa01a21.jpg ______________
Supplement No. 3 dated March 14, 2017 to Prospectus dated November 2, 2016 ________________
This Supplement No. 3 contains information which amends, supplements, or modifies certain information contained in the Prospectus of Priority Income Fund, Inc. (the “Company”) dated November 2, 2016, as amended or supplemented (the “Prospectus”).
You should carefully consider the “Risk Factors” beginning on page 32 of the Prospectus before you decide to invest.
Distributions On March 2, 2017, our board of directors declared a series of distributions for the months of March 2017 through May 2017. Stockholders of record as of each respective record date will be entitled to receive the distribution. Below are the details for each respective distribution: Amount Per Share Record Date Payment Date $0.02195 March 3, 2017 April 3, 2017 $0.02195 March 10, 2017 April 3, 2017 $0.02195 March 17, 2017 April 3, 2017 $0.02195 March 24, 2017 April 3, 2017 $0.02195 March 31, 2017 April 3, 2017 $0.02195 April 7, 2017 May 1, 2017 $0.02195 April 13, 2017 May 1, 2017 $0.02195 April 21, 2017 May 1, 2017 $0.02195 April 28, 2017 May 1, 2017 $0.02195 May 5, 2017 May 29, 2017 $0.02195 May 12, 2017 May 29, 2017 $0.02195 May 19, 2017 May 29, 2017 $0.02195 May 26, 2017 May 29, 2017
On March 2, 2017, our board of directors declared a bonus distribution for the month of March 2017. Stockholders of record as of the record date will be entitled to receive the distribution. Below are the details for the bonus distribution: Amount Per Share Record Date Payment Date $0.08888 March 31, 2017 April 3, 2017
We may fund our cash distributions to stockholders from any sources of funds available to us, including offering proceeds, borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets and expense reimbursements from our Adviser.
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 our shares are sold at a price below your original investment.
The above information was disclosed in a filing to the SEC. To see the filing, click here. To receive a free e-mail notification whenever Priority Aviation, Inc. makes a similar move, sign up!