Tender Offers for Priority Income Fund, Inc.
Form Type: SC TO-I
Filing Date: 2024-12-23
Corporate Action: Tender-offer
Type: New
Accession Number: 000155462524000090
Comments: 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.
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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
Comments: 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.
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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
Comments: 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.
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Additional details:
Acquirer Cik: 1554625
Target Cik: 1554625
: stock
Price: 11.11
Percentage: 2