# EDGAR Filing Document

**Accession Number:** 0001521945
**File Stem:** 0001521945-26-000025
**Filing Date:** 2026-2
**Character Count:** 13297
**Document Hash:** 16226bc9e9472473917c26162fc87dd0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001521945-26-000025.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001521945-26-000025

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260226

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Prospect Floating Rate & Alternative Income Fund, Inc.
- **CENTRAL INDEX KEY:** 0001521945

**ORGANIZATION NAME:**
- **EIN:** 452460782
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-00908
- **FILM NUMBER:** 26688433

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Prospect Sustainable Income Fund, Inc.
- **DATE OF NAME CHANGE:** 20220112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Prospect Flexible Income Fund, Inc.
- **DATE OF NAME CHANGE:** 20200806

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TP Flexible Income Fund, Inc.
- **DATE OF NAME CHANGE:** 20190401

?xml version='1.0' encoding='ASCII'? pfloat-20260226

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 8-K** 

**CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): February 26, 2026** 

**Prospect Floating Rate and Alternative Income Fund, Inc.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Maryland** | **814-00908** | **45-2460782** |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) | | Identification No.) |

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**10 East 40th Street, 42nd Floor, New York, New York 10016**

(Address of principal executive offices, including zip code)

**(212) 448-0702**

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading symbol</u>** | **<u>Name of each exchange on which registered</u>** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

□Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.□

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**Item 7.01. Regulation FD Disclosure.**

On February 26, 2026, Prospect Floating Rate and Alternative Income Fund, Inc. (the "Company") issued a press release, included herewith as Exhibit 99.1, and by this reference incorporated herein, announcing the declaration of monthly cash distributions to common shareholders.

The Board of Directors of the Company declared distributions for the months of February 2026, March 2026 and April 2026, respectively, which reflect a targeted annualized distribution rate of 10.0% based on the net asset value per share for the second fiscal quarter ended December 31, 2025. The distributions have a record date as of the close of business of the last Friday of February 2026, March 2026 and April 2026, respectively. The distributions will be payable to stockholders of record as of the monthly record dates set forth below.

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| | | | |
|:---|:---|:---|:---|
| **Record Date** | **Payment Date** | **PFLOAT Class A Common Shares, per share** | **PFLOAT Class I Common Shares, per share** |
| February 27, 2026 | March 6, 2026 | $0.02916 | $0.02916 |
| March 27, 2026 | April 3, 2026 | $0.02916 | $0.02916 |
| April 24, 2026 | May 1, 2026 | $0.02916 | $0.02916 |

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**Certain Information About Distributions**

The determination of the tax attributes of the Company's distributions is made annually as of the end of the Company's fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a weekly, monthly or quarterly basis may not be representative of the actual tax attributes for a full year. The Company intends to update shareholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to shareholders will be reported to shareholders annually on a Form 1099-DIV. The payment of future distributions on the Company's common stock is subject to the discretion of the Board of Directors and applicable legal restrictions, and therefore, there can be no assurance as to the amount or timing of any such future distributions. Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders.

The Company may fund its cash distributions to shareholders from any sources of funds available to it, including offering proceeds, borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies and expense reimbursements from Prospect Capital Management, L.P. ("PCM"), which are subject to recoupment. If distributions exceed the Company's net investment income or earnings, a portion of the distributions made by the Company may represent a return of capital for tax purposes. PCM has no obligation to provide expense reimbursements to the Company in future periods. There can be no assurance that the Company will be able to pay distributions at a specific rate or at all.

The information disclosed under this Item 8.01 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits**

(d) Exhibits

<u>Exhibit No.</u> <u>Description</u> <br> <u>[99.1](pressreleasefebruary262026.htm)</u> Press Release, dated February 26, 2026

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
| Dated: February 26, 2026 | Prospect Floating Rate and Alternative Income Fund, Inc. | Prospect Floating Rate and Alternative Income Fund, Inc. |
| | By | /s/ M. Grier Eliasek |
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M. Grier Eliasek<br>Chief Executive Officer<br>(Principal Executive Officer) |

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## Exhibit 99.1

**Prospect Floating Rate and Alternative Income Fund Announces a 10.00% Annualized Total Cash Distribution Percentage Rate on Net Asset Value for February 2026 through April 2026** 

![imagea.jpg](imagea.jpg)

NEW YORK, February 26, 2026 /BusinessWire/ -- Prospect Floating Rate and Alternative Income Fund, Inc. ("Prospect Floating Rate and Alternative Income Fund" or the "Fund"), announced today that the Fund's Board of Directors has declared monthly cash common shareholder distributions for February 2026, March 2026 and April 2026.

The annualized total cash distribution is $0.3800 per share (10.00% annualized percentage rate based on the net asset value as of December 31, 2025), for distributions with record dates of February 27, 2026, March 27, 2026 and April 24, 2026, respectively, and payment dates of March 6, 2026, April 3, 2026 and May 1, 2026, respectively, based on the December 31, 2025 net asset value of $3.80.

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| | | | |
|:---|:---|:---|:---|
| **Monthly Cash Shareholder Distribution** | **Record Date** | **Payment Date** | **Total Amount ($ per share)** |
| February 2026 | February 27, 2026 | March 6, 2026 | $0.02916 |
| March 2026 | March 27, 2026 | April 3, 2026 | $0.02916 |
| April 2026 | April 24, 2026 | May 1, 2026 | $0.02916 |

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Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders.

**About Prospect Floating Rate and Alternative Income Fund**

Prospect Floating Rate and Alternative Income Fund is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Fund invests primarily in the floating rate loans of privately-owned U.S. middle market companies. These investments are generally sourced by Prospect Capital Management L.P, our investment adviser. For more information, visit pfloat.com.

**About Prospect Capital Management L.P.**

Prospect Capital Management L.P. ("Prospect"), headquartered in New York City, is an SEC-registered investment adviser that, along with its predecessors and affiliates, has more than 30-years of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team

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of over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $9.6 billion of assets under management as of December 31, 2025. For more information, call (212) 448-0702 or visit https://www.prospectcap.com.

**Additional Information**

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Past performance is not indicative of future performance. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. The Fund will ordinarily pay distributions from its net investment income, if any, on a monthly basis. **Distributions are not guaranteed**. Based on current estimates, February, March and April 2026 distributions reflect a return of income, and the Fund does not expect any portion of the distributions to be a return of capital. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment.

***Forward-Looking Statements***

*This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Prospect Floating Rate and Alternative Income Fund Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Prospect Floating Rate and Alternative Income Fund may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Prospect Floating Rate and Alternative Income Fund undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.* 

*.*

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