<SEC-DOCUMENT>0001171520-16-001045.txt : 20160829
<SEC-HEADER>0001171520-16-001045.hdr.sgml : 20160829
<ACCEPTANCE-DATETIME>20160829162654
ACCESSION NUMBER:		0001171520-16-001045
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160630
FILED AS OF DATE:		20160829
DATE AS OF CHANGE:		20160829
EFFECTIVENESS DATE:		20160829

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Priority Income Fund, Inc.
		CENTRAL INDEX KEY:			0001554625
		IRS NUMBER:				460611646
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22725
		FILM NUMBER:		161858114

	BUSINESS ADDRESS:	
		STREET 1:		10 EAST 40TH STREET
		STREET 2:		42ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		(212) 448-0702

	MAIL ADDRESS:	
		STREET 1:		10 EAST 40TH STREET
		STREET 2:		42ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Priority Senior Secured Income Fund, Inc.
		DATE OF NAME CHANGE:	20120719
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
000 B000000 06/30/2016
000 C000000 0001554625
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 PRIORITY INCOME FUND, INC.
001 B000000 811-22725
001 C000000 2124480702
002 A000000 10 EAST 40TH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10016
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
008 A000001 PRIORITY SENIOR SECURED INCOME MANAGEMENT LLC
008 B000001 A
008 C000001 801-77270
008 D010001 NEW YORK
008 D020001 NY
008 D030001 11016
010 A000001 PROSPECT ADMINISTRATION LLC
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10016
011 A000001 PROVASI SECURITIES LP
011 B000001 8-65200
011 C010001 ADDISON
011 C020001 TX
011 C030001 75001
012 A000001 BEHRINGER HARVARD INVESTOR SERVICES LLC
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64121
013 A000001 BDO USA, LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10016
014 A000001 PROVASI SECURITIES LP
014 B000001 8-65200
015 A000001 U.S. BANK NATIONAL ASSOCIATION
015 B000001 C
015 C010001 FLORENCE
<PAGE>      PAGE  2
015 C020001 SC
015 C030001 29501
015 E010001 X
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 PROVASI SECURITIES LP
020 C000001   3740
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000     3740
022 A000001 ROBERT W. BAIRD & CO. INC.
022 C000001      6240
022 D000001         0
022 A000002 CREDIT SUISSE SECURITIES, LLC
022 C000002      7435
022 D000002         0
022 A000003 IMPERIAL CAPITAL, LLC
022 C000003      9240
022 D000003         0
022 A000004 J.P. MORGAN SECURITIES LLC
022 C000004     10072
022 D000004         0
022 A000005 NOMURA SECURITIES
022 C000005     22037
022 D000005         0
022 A000006 RBC CAPITAL MARKETS, LLC
022 C000006      7905
022 D000006      1260
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000      62929
023 D000000       1260
024  000000 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
<PAGE>      PAGE  3
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
045  000000 Y
046  000000 N
047  000000 N
048  000000  0.000
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 Y
051  000000 Y
052  000000 N
053 A000000 N
054 A000000 N
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
<PAGE>      PAGE  4
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
058 B000000 N
058 C000000 N
058 D000000 N
058 E000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000     1000
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000 100.0
062 R000000   0.0
063 A000000   0
063 B000000  9.9
064 A000000 N
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
<PAGE>      PAGE  5
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000     62928
071 B000000      1260
071 C000000    157531
071 D000000    0
072 A000000  6
072 B000000    15593
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000     4001
072 G000000      462
072 H000000        0
072 I000000       93
072 J000000        0
072 K000000        0
072 L000000        0
072 M000000       52
072 N000000        0
072 O000000      252
072 P000000        0
072 Q000000        0
072 R000000      180
072 S000000      141
072 T000000        0
072 U000000       20
<PAGE>      PAGE  6
072 V000000        0
072 W000000      478
072 X000000     5679
072 Y000000     1183
072 Z000000    11097
072AA000000      257
072BB000000        0
072CC010000    11002
072CC020000        0
072DD010000        0
072DD020000        0
072EE000000        0
073 A010000   0.7500
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000     2528
074 B000000        0
074 C000000        0
074 D000000        0
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000   181843
074 J000000        0
074 K000000        0
074 L000000        0
074 M000000      396
074 N000000   184767
074 O000000        0
074 P000000     1792
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      695
074 S000000        0
074 T000000   182280
074 U010000    12799
074 U020000        0
074 V010000    14.24
074 V020000     0.00
074 W000000   0.0000
074 X000000     4871
074 Y000000        0
075 A000000        0
075 B000000   155746
076  000000     0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
<PAGE>      PAGE  7
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 AON
080 C000000   450000
081 A000000 Y
081 B000000   4
082 A000000 Y
082 B000000    10000
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 N
085 B000000 N
086 A010000   3404
086 A020000  47400
086 B010000    132
086 B020000   1811
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE
TITLE

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>ex99-77b.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 77B</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Report of Independent Registered Public
Accounting Firm </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 12pt 0 0">To the Stockholders and Board of Directors of</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Priority Income Fund, Inc.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In planning and performing our audit
of the financial statements of Priority Income Fund, Inc. (the &ldquo;Company&rdquo;) as of and for the year ended June 30, 2016,
in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Company&rsquo;s
internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR,
but not for the purpose of expressing an opinion on the effectiveness of the Company&rsquo;s internal control over financial reporting.
Accordingly, we express no such opinion.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The management of the Company is responsible
for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and related costs of controls. A company&rsquo;s internal
control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).
A company&rsquo;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance
with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management
and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use or disposition of the company&rsquo;s assets that could have a material effect on the financial statements.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A deficiency in internal control over
financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course
of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency,
or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that
a material misstatement of the Company&rsquo;s annual or interim financial statements will not be prevented or detected on a timely
basis.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Our consideration of the Company&rsquo;s
internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily
disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company
Accounting Oversight Board (United States). However, we noted no deficiencies in the Company&rsquo;s internal control over financial
reporting and its operations, including controls over safeguarding securities, that we consider to be a material weakness as defined
above as of June 30, 2016.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">This report is intended solely for the
information and use of management and the Board of Directors of Priority Income Fund, Inc. and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these specified parties.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ BDO USA, LLP</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">New York, New York&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">August 29, 2016</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
