SCHEDULE 13G/A: Karpus Management Amends Stake in Priority Income Fund, Reports 2.36% Preferred Share Ownership

Karpus Management, Inc. has filed an amended Schedule 13G, disclosing a 2.36% beneficial ownership of Preferred shares in Priority Income Fund, Inc. as of December 31, 2024.

Summary

• Karpus Management, Inc., an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, has filed an Amendment No. 4 to Schedule 13G.
• The filing reports Karpus Management's beneficial ownership of Preferred shares in Priority Income Fund, Inc.
• As of December 31, 2024, Karpus Management beneficially owns 257,185.00 shares of Preferred stock.
• This ownership represents 2.36% of the class of Preferred securities.
• Karpus Management holds sole voting power and sole dispositive power over all 257,185.00 shares.
• The shares are owned directly by accounts managed by Karpus, and despite being controlled by City of London Investment Group plc (CLIG), effective informational barriers ensure independent exercise of voting and investment power.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It does not contain information that would typically indicate a strong positive or negative sentiment regarding the company's operational or financial performance. The ownership stake is passive and below the 5% threshold for more active reporting.

Positives

• The filing indicates continued institutional interest in Priority Income Fund, Inc. by a registered investment adviser, Karpus Management, Inc.

Future Outlook

This Schedule 13G filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Industry Context

This filing is a routine regulatory disclosure by an institutional investment adviser, Karpus Management, Inc., detailing its passive ownership stake in Priority Income Fund, Inc. Such filings are standard practice for investment firms holding less than 5% of a company's shares for investment purposes, indicating ongoing portfolio management activities.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, confirming a registered investment adviser holds a passive stake in the company's preferred shares.

Key Dates

Keywords

Priority Income Fund, Karpus Management, Schedule 13G, beneficial ownership, preferred shares, investment adviser, SEC filing