Prospect Floating Rate and Alternative Income Fund Announces a 14.54% Annualized Total Cash Common Shareholder Distribution Rate on Net Asset Value for March 2026

Core Viewpoint - Prospect Floating Rate and Alternative Income Fund has declared its first quarterly cash "bonus" distribution for March 2026, indicating a positive cash flow and commitment to shareholder returns [1]. Distribution Details - The annualized total cash distribution is $0.5524 per share, which includes a base distribution yielding a 14.54% annualized percentage rate based on the net asset value as of December 31, 2025 [2]. - The record date for the distribution is March 27, 2026, with a payment date set for April 3, 2026, based on a net asset value of $3.80 as of December 31, 2025 [2]. Bonus Distribution Information - The quarterly bonus cash shareholder distribution for March 2026 is set at $0.0431 per share [3]. - Distributions will first be treated as taxable investment company income undistributed from the prior year, followed by current year income, which will not affect tax reporting to shareholders [3]. Company Overview - Prospect Floating Rate and Alternative Income Fund is an externally managed, non-diversified, closed-end management investment company regulated as a business development company, primarily investing in floating rate loans of privately-owned U.S. middle market companies [4]. - The Fund's investment adviser, Prospect Capital Management L.P., has over 30 years of experience in managing high-yielding debt and equity investments, with $7.2 billion in assets under management as of December 31, 2025 [5].