# EDGAR Filing Document

**Accession Number:** 0002027076
**File Stem:** 0002027076-25-000070
**Filing Date:** 2025-10
**Character Count:** 7945
**Document Hash:** 41e07e85b5b6c3a956ef8da382761469
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002027076-25-000070.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002027076-25-000070

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Prospect Enhanced Yield Fund
- **CENTRAL INDEX KEY:** 0002027076

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95154
- **FILM NUMBER:** 251434472

**BUSINESS ADDRESS:**
- **STREET 1:** 10 EAST 40TH STREET, 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 2124480702

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

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eliasek M Grier
- **CENTRAL INDEX KEY:** 0001294355

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**MAIL ADDRESS:**
- **STREET 1:** C/O PROSPECT ENERGY CORPORATION
- **STREET 2:** 10 E. 40TH STREET, 40TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Prospect Enhanced Yield Fund**

*(Name of Issuer)*

**Shares of Beneficial Interest, par value $0.001 per share**

*(Title of Class of Securities)*

**74350T305**

*(CUSIP Number)*

**M. Grier Eliasek**<br>10 East 40th Street, 42nd Floor<br>New York NY 10016<br>212-448-0702

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/27/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **74350T305** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Eliasek M Grier** | Name of reporting person<br>**Eliasek M Grier** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**148033.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**148033.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**148033.00** | Aggregate amount beneficially owned by each reporting person<br>**148033.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.8%** | Percent of class represented by amount in Row (11)<br>**12.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Shares of Beneficial Interest, par value $0.001 per share

**(b) Name of Issuer:**
Prospect Enhanced Yield Fund

**(c) Address of Issuer's Principal Executive Offices:**
10 EAST 40TH STREET, 42ND FLOOR, NEW YORK, NY, 10016

This statement relates to the shares of beneficial interest, par value $0.001 per share (the Shares) of Prospect Enhanced Yield Fund (PENF). PENF's executive offices are located at 10 East 40th Street, 42nd Floor, New York, New York 10016.

**Item 4. Purpose of Transaction**

The Reporting Person acquired the Shares reported in this Statement for investment purposes, subject to the following. The Reporting Person intends to review the investment in the Shares on an ongoing basis and may in the future acquire additional Shares or dispose of some or all of the Shares, on such terms and at such times as the Reporting Person may deem advisable, including through additional purchases directly from the Issuer, dividend reinvestments, sales through Issuer tender offers or otherwise.

The Reporting Person, may take other actions, including communicating with the board of trustees of PENF (the Board), members of management or other security-holders of PENF, or other third parties from time to time, taking steps to implement a course of action, including, without limitation, engaging advisors, including legal, financial, regulatory, technical and/or industry advisors, to assist in any review, and evaluating strategic alternatives as they may become available. Such discussions and other actions may relate to various alternative courses of action, including, without limitation, those related to an extraordinary corporate transaction involving PENF, business combinations involving PENF, a sale or transfer of a material amount of assets of PENF, material asset purchases, the formation of joint ventures with PENF or the entry into other material projects, changes in the present business, operations, strategy, future plans or prospects of PENF, financial or governance matters, changes to the Board (including board composition) or management of PENF, acting as a participant in debt financings of PENF, changes to the capitalization, ownership structure, dividend policy, business or corporate structure or governance documents of PENF, or any action similar to those enumerated above. Such discussions and actions may be preliminary and exploratory in nature, and not rise to the level of a plan or proposal.

The Reporting Person has no present plan or proposal that would result in any of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.  The Reporting Person reserves the right in the future to formulate any such plans or proposals, and to take any actions with respect to their investments in PENF, including any or all of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

The information in Item 6 of this Schedule 13D is incorporated herein by reference.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Aggregate Amount 148,033.41, Percentage of Class of Securities 12.79%

**(b)**
148,033.41

**(c)**
The following table sets forth all transactions with respect to the Shares effected by the Reporting Persons during the past sixty days.

Date of Transaction	Amount of Securities	Weighted Average Price per Share	Type
10/21/2025	       19,770.66	                                         $25.29	                   Purchase
10/27/25	               73,035.93	                                         $25.33	                   Purchase
10/28/25	               55,226.825	                                 $25.35	                   Purchase

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

N/A

### SIGNATURE

After reasonable 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.

**Reporting Person:** Eliasek M Grier

**Signature:** Eliasek M Grier

**Name/Title:** Eliasek M Grier

**Date:** 10/30/2025