# EDGAR Filing Document

**Accession Number:** 0001521945
**File Stem:** 0001521945-25-000097
**Filing Date:** 2025-11
**Character Count:** 7682
**Document Hash:** a2109fb42df09f015a3ca94dd49e78f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001521945-25-000097.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001521945-25-000097

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**SUBJECT COMPANY**: 

**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:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89525
- **FILM NUMBER:** 251494589

**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
**FILED BY**: 

**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:** SC TO-I/A

**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

**As filed with the Securities and Exchange Commission on November 18, 2025**

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE TO** 

**Tender Offer Statement under Section 14(d)(1) or 13(e)(1)** 

**of the Securities Exchange Act of 1934** 

**(Amendment No. 1)**

**PROSPECT FLOATING RATE AND ALTERNATIVE INCOME FUND, INC.**

**(Name of Subject Company (Issuer))**

**PROSPECT FLOATING RATE AND ALTERNATIVE INCOME FUND, INC.**

**(Names of Filing Persons (Offeror and Issuer))**

**Class A, Class S, Class D, and Class I Common Stock, Par Value $0.001 per share**

**(Title of Class of Securities)**

89678V 105

89678V 204

89678V 303

89678V 402

 **(CUSIP Number of Class of Securities)**

**Kristin Van Dask**

**Chief Financial Officer**

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

**10 East 40th Street, 42nd Floor**

**New York, New York 10016**

**(212) 448-0702**

**(Name, address, and telephone numbers of person authorized to receive notices and communications on behalf of filing persons)**

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| | | |
|:---|:---|:---|
| □Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. | □Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. | □Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
| | Check the appropriate boxes below to designate any transactions to which the statement relates: | Check the appropriate boxes below to designate any transactions to which the statement relates: |
| | □ | Third-party tender offer subject to Rule 14d-1. |
| | ⌧ | Issuer tender offer subject to Rule 13e-4. |
| | □ | Going-private transaction subject to Rule 13e-3. |
| | □ | Amendment to Schedule 13D under Rule 13d-2. |

---

⌧Check the box if the filing is a final amendment reporting the results of the tender offer.

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 □ Rule 13e-4(i) (Cross-Border Issuer Tender Offer) <br> □ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

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**FIRST AMENDMENT TO TENDER OFFER STATEMENT**

This Amendment No. 1 supplements and amends the Tender Offer Statement on Schedule TO filed with the U.S. Securities and Exchange Commission on September 29, 2025 by Prospect Floating Rate and Alternative Income Fund, Inc., a Maryland corporation (the "***Company***"), in connection with the offer by the Company to purchase up to the number of shares of the Company's issued and outstanding common stock, par value $0.001 per share (including Class A, Class S, Class D and Class I common stock, the "***Shares***") that the Company can repurchase with the cash that has been retained by the Company during the quarter ended June 30, 2025 as a result of issuing shares through its distribution reinvestment plan to those shareholders who have elected to receive their distributions in the form of additional shares rather than in cash. As of September 29, 2025, there were no Class S or Class D Shares outstanding. The tender offer was made upon and subject to the terms and conditions set forth in the Offer to Purchase, dated September 29, 2025 and the related Letter of Transmittal (together, the "***Offer***"). The Offer expired at 4:00 P.M., Eastern Time, on October 30, 2025, and a total of 52,519 Shares were validly tendered and not withdrawn pursuant to the Offer as of such date. In accordance with the terms of the Offer, the Company purchased all 52,519 Shares validly tendered and not withdrawn at a price equal to $4.11 per Share for an aggregate purchase price of approximately $215,854. The purchase price per Share was equal to the net asset value per Share as of October 31, 2025.

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**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: November 18, 2025

---

| |
|:---|
| **Prospect Floating Rate and Alternative Income Fund, Inc.** |
| By: <u>/s/ M. Grier Eliasek</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Name: M. Grier Eliasek |
| Title: Chairman, Chief Executive Officer and President |

---

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**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| **EXHIBIT <br>NUMBER** | **DESCRIPTION** |
| <u>[99(a)(1)(A)](https://www.sec.gov/Archives/edgar/data/1521945/000152194525000049/exhibit99a1_20250626.htm)</u> | Offer to Purchase, dated September 29, 2025.<sup>\*</sup> |
| <u>[99(a)(1)(B)](https://www.sec.gov/Archives/edgar/data/1521945/000152194525000049/exhibit99a2_20250626.htm)</u> | Form of Letter of Transmittal.<sup>\*</sup> |
| <u>[99(a)(1)(C)](https://www.sec.gov/Archives/edgar/data/1521945/000152194525000049/exhibit99a3_20250626.htm)</u> | Letter to Stockholders, dated September 29, 2025.<sup>\*</sup> |
| <u>[EX-FILING FEES](https://www.sec.gov/Archives/edgar/data/1521945/000152194525000049/ex-filingfeespfloat20250626.htm)</u> | Calculation of Filing Fees Table.<sup>\*</sup> |

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\*Previously filed with the Schedule TO on September 29, 2025.

 

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