Prospect Floating Rate and Alternative Income Fund, Inc. announced on September 28, 2026, the declaration of monthly and quarterly cash distributions for September 2026. The Board of Directors approved a monthly "base" cash distribution of $0.03242 per share for both Class A and Class I common shares. Additionally, the Board declared a quarterly "bonus" cash distribution of $0.04333 per share for the same share classes.
The distributions are based on the Fund's net asset value of $3.89 as of June 30, 2026. The monthly base distribution represents an annualized rate of 10.00%, while the quarterly bonus distribution represents an annualized rate of 4.46%. The total annualized cash distribution rate is 14.46%, calculated at $0.56232 per share.
Shareholders of record as of the close of business on September 30, 2026, will receive the distributions on October 7, 2026. The Fund invests primarily in floating rate loans of privately-owned U.S. middle market companies sourced by Prospect Capital Management L.P.
The Company notes that distributions may exceed earnings, potentially resulting in a return of capital for tax purposes. The actual tax attributes of the distributions will be reported to shareholders annually on a Form 1099-DIV.
