Priority Pro Supp No 7 (distributions)
Filed Pursuant to Rule 497
File no. 333-182941
Maximum Offering of 100,000,000 Shares
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Supplement No. 7 dated April 15, 2015
to
Prospectus dated October 29, 2014
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This Supplement No. 7 contains information which amends, supplements, or modifies certain information contained in the Prospectus of Priority Income Fund, Inc. dated October 29, 2014 (the “Prospectus”), as amended or supplemented.
You should carefully consider the “Risk Factors” beginning on page 26 of the Prospectus before you decide to invest.
Distributions
On March 27, 2015, our board of directors declared a special distribution to stockholders as follows:
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• | $0.1125 per share of common stock payable on June 29, 2015 to stockholders of record at the close of business on June 26, 2015. |
On March 27, 2015, our board of directors declared a series of distributions for the months of April through June 2015. Stockholders of record as of each respective record date will be entitled to receive the distribution. Below are the details for each respective distribution:
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Amount Per Share | | Record Date | | Payment Date |
$0.02014 | | April 3, 2015 | | April 27, 2015 |
$0.02014 | | April 10, 2015 | | April 27, 2015 |
$0.02014 | | April 17, 2015 | | April 27, 2015 |
$0.02014 | | April 24, 2015 | | April 27, 2015 |
$0.02014 | | May 1, 2015 | | June 1, 2015 |
$0.02014 | | May 8, 2015 | | June 1, 2015 |
$0.02014 | | May 15, 2015 | | June 1, 2015 |
$0.02014 | | May 22, 2015 | | June 1, 2015 |
$0.02014 | | May 29, 2015 | | June 1, 2015 |
$0.02014 | | June 5, 2015 | | June 29, 2015 |
$0.02014 | | June 12, 2015 | | June 29, 2015 |
$0.02014 | | June 19, 2015 | | June 29, 2015 |
$0.02014 | | June 26, 2015 | | June 29, 2015 |
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.