SCHEDULE 13G/A: Karpus Management Discloses 2.21% Stake in Priority Income Fund Preferred Shares

Karpus Management, Inc. has reported a 2.21% beneficial ownership stake in the preferred shares of Priority Income Fund, Inc. as of April 30, 2025.

Summary

• Karpus Management, Inc., an investment adviser, has filed an Amendment No. 7 to Schedule 13G regarding its beneficial ownership in Priority Income Fund, Inc.
• The filing indicates that Karpus Management, Inc. beneficially owns 239,862.00 shares of Preferred stock of Priority Income Fund, Inc.
• This ownership represents 2.21% of the class of Preferred securities.
• Karpus Management, Inc. holds sole voting power and sole dispositive power over all 239,862.00 shares.
• The shares are owned directly by accounts managed by Karpus Management, Inc.
• Karpus Management, Inc. is controlled by City of London Investment Group plc (CLIG), but effective informational barriers ensure independent exercise of voting and investment power by Karpus.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) disclosing beneficial ownership. It contains factual information and legal certifications, with no inherent positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This Schedule 13G filing is a routine disclosure by an investment adviser, Karpus Management, Inc., detailing its passive beneficial ownership in the preferred shares of Priority Income Fund, Inc. Such filings are standard practice for institutional investors holding significant, non-controlling stakes in publicly traded companies, reflecting their portfolio management activities.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder of the company's preferred shares, confirming a passive investment stance.

Key Dates

Keywords

Priority Income Fund, Karpus Management, Preferred Shares, SEC Filing, Schedule 13G, Beneficial Ownership, Investment Management, Investment Adviser