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].

Core Viewpoint - PennantPark Floating Rate Capital Ltd. reported its financial results for the first quarter ended December 31, 2025, highlighting a decrease in net investment income and net asset value per share, alongside significant portfolio activity and investment performance. Financial Highlights - The investment portfolio totaled $2,605.3 million, with net assets at $1,040.4 million and a net asset value per share of $10.49, reflecting a quarterly change of -3.1% [2] - Net investment income for the quarter was $26.6 million, or $0.27 per share, compared to $30.0 million, or $0.37 per share in the same quarter of the previous year [16][33] - Total investment income increased to $70.1 million from $67.0 million year-over-year, primarily due to a larger debt portfolio [14] Portfolio Activity - The company invested $301.0 million in four new and 51 existing portfolio companies during the quarter, with sales and repayments totaling $441.4 million [7] - The PSSL II joint venture commenced operations, investing approximately $200 million during the quarter, and subsequently upsized its credit facility to $250 million [5][28] - As of December 31, 2025, the portfolio consisted of 160 companies with an average investment size of $16.3 million and a weighted average yield on debt investments of 9.9% [5] Debt and Equity - The debt to equity ratio stood at 1.57x, with a weighted average yield on debt investments at 9.9% [2] - The company had $488.9 million in credit facilities and various asset-backed debts totaling $1,346.3 million [2] Expenses and Income - Total expenses for the quarter were $43.5 million, up from $37.0 million in the previous year, driven by increased interest expenses [15] - Net realized gains for the quarter were $1.5 million, a significant decrease from $26.7 million in the same quarter of the previous year [17] Liquidity and Capital Resources - Cash and cash equivalents were reported at $95.3 million as of December 31, 2025, down from $122.7 million at the end of the previous quarter [23] - The company generated $148.6 million from operating activities, while financing activities used $176.0 million [25] Distributions - Distributions declared per share were $0.31, totaling $30.5 million for the quarter, compared to $25.2 million in the same quarter of the previous year [27]