Prospect Floating Rate & Alternative Income Fund Declares Aug 2026 Distribution

What Happened

• Prospect Floating Rate & Alternative Income Fund, Inc. filed an 8-K (Item 8.01) reporting that on August 21, 2026 its Board declared a "base" distribution for August 2026. The distribution targets an annualized "base" distribution rate of 10.0% based on net asset value for the fiscal quarter ended June 30, 2026.
• The record date is August 31, 2026 (close of business last business day of August) and the payment date is September 8, 2026. The declared cash distribution is $0.03242 per share for both PFLOAT Class A and Class I common shares.

Key Details

• Declared rate: 10.0% annualized "base" distribution rate (based on NAV for quarter ended June 30, 2026).
• Per-share payment: $0.03242 for PFLOAT Class A and Class I.
• Dates: Declaration on Aug 21, 2026; Record Date Aug 31, 2026; Payment Date Sep 8, 2026.
• Tax and funding notes: Tax attributes are determined annually and reported on Form 1099-DIV; distributions may be funded from various sources (offering proceeds, borrowings, net investment income, gains, dividends from portfolio holdings, or expense reimbursements from Prospect Capital Management, L.P.) and could include a return of capital for tax purposes. PCM reimbursements may be subject to recoupment and are not guaranteed.

Why It Matters

• This filing confirms a monthly cash distribution and the specific per-share amount and timing, which is important for income-focused shareholders tracking current yield and cash flow.
• Investors should note the 10.0% targeted annualized base rate is based on NAV for a single quarter and that final tax characterization will be determined at year-end; part of the distribution could be a return of capital and future distributions are at the Board's discretion.