{"url_path":"/sec/cik-0001521945/8-k/2026-06-24/item-7-01","section_key":"item-7-01","section_title":"Item 7.01 Regulation FD Disclosure.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-24","source_url":"https://www.sec.gov/Archives/edgar/data/1521945/0001521945-26-000074-index.html","accession_number":"0001521945-26-000074","cik":"0001521945","ticker":null,"issuer_name":"Prospect Floating Rate & Alternative Income Fund, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1521945/0001521945-26-000074-index.html","primary_entity_key":"0001521945","primary_entity_name":"Prospect Floating Rate & Alternative Income Fund, Inc."},"word_count":628,"has_tables":true,"body_markdown":"Item 7.01. Regulation FD Disclosure.\n\nOn June 24, 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 a monthly \"base\" and quarterly \"bonus\" cash distribution to common shareholders.\n\nThe Board of Directors of the Company declared a monthly \"base\" distribution for the month of June 2026. The annualized total distribution rate is 10.00% and is based on the net asset value per share for the third fiscal quarter ended March 31, 2026. The distribution has a record date as of the close of business of the last Friday of June 2026. The distribution will be payable to stockholders of record as of the monthly record date set forth below.\n\nMonthly Base Cash Shareholder DistributionRecord DatePayment DatePFLOAT Class A Common Shares, per sharePFLOAT Class I Common Shares, per share\n\nJune 2026June 26, 2026July 2, 2026$0.02924$0.02924\n\nThe Fund’s Board of Directors has also declared a quarterly cash “bonus” distribution, as follows:\n\nQuarterly Bonus Cash Shareholder DistributionRecord DatePayment DatePFLOAT Class A Common Shares, per sharePFLOAT Class I Common Shares, per share\n\nJune 2026June 26, 2026July 2, 2026$0.04723$0.04723\n\nThe total annualized cash distribution is $0.56992 (14.96% annualized percentage rate based on the net asset value as of March 31, 2026 of $3.81), for a distribution with a record date as of the close of business of the last Friday of June 2026.\n\nCertain Information About Distributions\n\nThe 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.\n\nThe 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.\n\nThe 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."}