Tender Offer - Priority Income Fund, Inc.
Form Type: SC TO-I
Filing Date: 2025-03-21
Corporate Action: Tender-offer
Type: New
Accession Number: 000155462525000017
Filing Summary: Priority Income Fund, Inc. filed a Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 on March 21, 2025. The Company is offering to purchase up to 1,516,379 shares of its issued and outstanding common stock, which represents 2.5% of the shares outstanding as of June 30, 2024. As of March 20, 2025, there were 61,449,176 shares issued and outstanding. The offer aims to provide stockholders with liquidity given the absence of a public market for the shares. The offer price will be based on the Net Asset Value (NAV) per Share as of April 30, 2025, which was noted as $9.54 per share on February 28, 2025. The filing designates this as an issuer tender offer subject to Rule 13e-4. Additionally, the Offer is documented with an Offer to Purchase that outlines all pertinent terms and conditions of the transaction, including purchase procedures and withdrawal rights.
Document Link: View Document
Additional details:
Issuer Name: Priority Income Fund, Inc.
Address: 10 East 40th Street, 42nd Floor, New York, NY 10016
Telephone: (212) 448-0702
Share Quantity Offered: 1,516,379 shares
Percentage Of Shares Outstanding: 2.5%
Nav Per Share: $9.54
Offer Date: 2025-03-21
Form Type: SC TO-I/A
Filing Date: 2025-02-13
Corporate Action: Tender-offer
Type: Update
Accession Number: 000155462525000006
Filing Summary: Priority Income Fund, Inc. filed an amendment to its Tender Offer Statement on Schedule TO with the SEC on February 13, 2025, related to its offer to purchase up to 1,516,379 shares of its common stock, which represents 2.5% of shares outstanding as of June 30, 2024. The original offer concluded on January 31, 2025, with a total of 2,725,984 shares validly tendered and not withdrawn. The Company decided to accept an additional 1.9% of its outstanding shares due to the high number of submissions. All validly tendered shares were repurchased at a price of $9.60 per share, totaling approximately $26,169,444, equating to the net asset value per share at the time of expiration. M. Grier Eliasek signed off on the document, affirming its accuracy and completeness.
Document Link: View Document
Additional details:
Name Of Subject Company: Priority Income Fund, Inc.
Title Of Class Of Securities: Common Stock, Par Value $0.01 per share
Cusip Numbers: ["74272V107","74272V206","74272V305"]
Maximum Number Of Shares Offered: 1,516,379
Total Shares Tendered: 2,725,984
Tender Offer Price: $9.60
Aggregate Purchase Price: $26,169,444
Form Type: SC TO-I
Filing Date: 2024-12-23
Corporate Action: Tender-offer
Type: New
Accession Number: 000155462524000090
Filing Summary: Priority Income Fund, Inc. filed a Tender Offer Statement on December 23, 2024, under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934. The offer relates to the purchase of up to 1,516,379 shares of the Company’s common stock, par value $0.01 per share, representing 2.5% of the shares outstanding as of the last day of the previous fiscal year, June 30, 2024. As of December 19, 2024, the company had 84,378,125 shares outstanding. The purpose of the offer is to provide stockholders with liquidity, as there is no public market for the shares. The offer price will be equal to the net asset value per share as of January 31, 2025, subject to fluctuations. As an example, the NAV was $10.43 per share on November 30, 2024. The filing indicates that the issuer’s shares are not traded on an established trading market and emphasizes that this offer is expected to give shareholders an opportunity to liquidate their holdings.
Document Link: View Document
Additional details:
Subject Company Name: Priority Income Fund, Inc.
Tender Offer Shares: 1,516,379
Total Shares Outstanding: 84,378,125
Purchase Price Example: $10.43
Nav Date: 2024-11-30
Form Type: SC TO-I/A
Filing Date: 2024-12-19
Corporate Action: Tender-offer
Type: Update
Accession Number: 000155462524000083
Filing Summary: The document serves as Amendment No. 2 to the Tender Offer Statement under Schedule TO filed by Priority Income Fund, Inc. on December 19, 2024. It discusses the offer to purchase 1,516,379 shares, which is 2.5% of the outstanding shares as of June 30, 2024. The initial offer expired on October 31, 2024, with 1,634,831 shares tendered and accepted. Following an administrative error, 16,258 unreported shares were also repurchased, raising the total shares repurchased to 1,651,089 at a price of $10.41 per share, totaling approximately $17,187,837. The company confirmed that all shares tendered were repurchased, and this filing updates the results of the tender offer accordingly.
Document Link: View Document
Additional details:
Tender Offer Price: 10.41 USD
Total Shares Repurchased: 1,651,089
Form Type: SC TO-I/A
Filing Date: 2024-02-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000155462524000007
Filing Summary: Priority Income Fund has completed a tender offer to purchase up to 1,347,196 shares, which represents 2.5% of its outstanding shares as of the fiscal year-end on June 30, 2023. The offer expired on February 1, 2024, and the company successfully repurchased 1,162,131 shares at $11.11 per share, totaling approximately $12,911,273. This document serves as an amendment to the initial Schedule TO filed on December 22, 2023, and it reports the final results of the tender offer, which is subject to Rule 13e-4 as an issuer tender offer.
Document Link: View Document
Additional details:
Acquirer Cik: 1554625
Target Cik: 1554625
: stock
Price: 11.11
Percentage: 2
Comments
No comments yet. Be the first to comment!