Priority Income Fund, Inc. (PRIF-PD) has launched an issuer tender offer to purchase up to 1,621,557 shares of its common stock, representing 2.5% of shares outstanding at the close of business on June 30, 2026. The offer is for cash at a price equal to the net asset value per Share as of October 31, 2026, which will determine the purchase price at closing; as an illustration, NAV per share on July 31, 2026 was $3.15. As of September 18, 2026, there were 63,721,527 shares issued and outstanding. The company states that the purpose of the offer is to provide liquidity to stockholders because there is no established trading market for the shares.
Priority Income Fund, Inc. (PRIF-PD) reported weak results for the year ended June 30, 2026, as its CLO-focused strategy faced prolonged stress in the leveraged loan market. Net assets attributable to common shareholders fell from $380.9 million to $206.2 million, driven by large realized and unrealized losses on CLO investments and return-of-capital distributions.
The fund generated net investment income of $22.6 million but recorded a net realized loss on investments of $153.9 million and a total net decrease in net assets from operations applicable to common stockholders of $122.0 million. Common shareholders received distributions equal to an annualized 12.58% of net asset value, largely funded as $64.7 million of return of capital rather than earnings, with period-end NAV at $3.18 per share.
Total assets were $361.3 million, supported by CLO investments at fair value of $329.5 million versus amortized cost of $469.7 million, reflecting substantial embedded losses. The portfolio remained highly diversified, with 1,523 underlying loans, a last-twelve-month collateral default rate of 0.68%, and a trailing 12‑month fund default rate of 1.30%, better than the 2.77% market rate. Management redeemed $79.5 million of term preferred stock and is gradually rotating from CLO equity into BB-rated CLO debt while continuing to defer a planned stock exchange listing due to unfavorable trading conditions for peers.
Priority Income Fund, Inc. reports final results of its issuer tender offer for common stock. The company had offered to purchase up to 1,550,812 Shares, representing 2.5% of shares outstanding as of June 30, 2025. The offer expired at 4:00 p.m. Eastern Time on July 31, 2026, with 10,184,037 Shares validly tendered and not withdrawn, exceeding the offer cap. In line with the stated terms, the company repurchased 1,550,812 Shares at $3.15 per Share, equal to net asset value as of July 31, 2026, for an aggregate purchase price of approximately $4,885,054. Of these, 178 Shares were first purchased from beneficial holders of fewer than 100 Shares, and the remaining Shares were bought on a pro rata basis, resulting in approximately 15.23% of the Shares tendered by each participating shareholder being repurchased.
Priority Income Fund, Inc. is conducting an issuer tender offer to buy up to 1,550,812 shares of its common stock, equal to 2.5% of shares outstanding at the close of its prior fiscal year ended June 30, 2025. The Offer is for cash at a price equal to the net asset value per Share as of July 31, 2026 (the "Purchase Price").
The filing states there were 64,671,286 Shares issued and outstanding as of June 18, 2026. As an example, the NAV per Share on April 30, 2026 was $3.70; the Purchase Price may be higher or lower. The Offer materials, Letter of Transmittal and related exhibits are incorporated by reference.