Document ID: SEC-2022-1548-0001
Agency: sec
Document Type: Notice
Title: Application: Prospect Floating Rate and Alternative Income Fund, Inc. and Prospect Capital Management, LP
Posted Date: 2022-11-28T05:00Z

[Federal Register Volume 87, Number 227 (Monday, November 28, 2022)]
[Notices]
[Pages 73060-73061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25789]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34755; File No. 812-15393]

Prospect Floating Rate and Alternative Income Fund, Inc. and 
Prospect Capital Management L.P.

November 21, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (the ``Act'') for an exemption from sections 
18(a)(2), 18(c) and 18(i) and section 61(a) of the Act.

Summary of Application:  Applicants request an order to permit certain 
closed-end management investment companies that have elected to be 
regulated as business development companies (``BDCs'') to issue 
multiple classes of shares with varying sales loads and asset-based 
service and/or distribution fees.

Applicants:  Prospect Floating Rate and Alternative Income Fund, Inc. 
and Prospect Capital Management L.P.

Filing Dates:  The application was filed on October 5, 2022.

Hearing or Notification of Hearing:  An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the Commission's Secretary at [email protected] and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on December 
12, 2022, and should be accompanied by proof of service on the 
Applicants, in the form of an affidavit or, for lawyers, a certificate 
of service. Pursuant to rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested.

[[Page 73061]]

Persons who wish to be notified of a hearing may request notification 
by emailing the Commission's Secretary.

ADDRESSES: The Commission: [email protected]. Applicants: 
Russell Wininger, Prospect Floating Rate and Alternative Income Fund, 
Inc., 10 East 40th Street, 42nd Floor, New York, New York 10016, 
[email protected]; Cynthia R. Beyea, Esq., Eversheds Sutherland 
(US) LLP, 700 Sixth Street NW, Suite 700, Washington, DC 20001, 
sutherland.com">[email protected]sutherland.com.

FOR FURTHER INFORMATION CONTACT: Matthew Cook, Senior Counsel, or Terri 
G. Jordan, Branch Chief, at (202) 551-6825 (Division of Investment 
Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' application, 
dated October 5, 2022, which may be obtained via the Commission's 
website by searching for the file number at the top of this document, 
or for an Applicant using the Company name search field, on the SEC's 
EDGAR system. The SEC's EDGAR system may be searched at https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also 
call the SEC's Public Reference Room at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
J. Matthew DeLesDernier.
Deputy Secretary.
[FR Doc. 2022-25789 Filed 11-25-22; 8:45 am]
BILLING CODE 8011-01-P