Prospect Floating Rate and Alternative Income Fund declared a total annualized cash distribution of $0.56992 per share, representing a 14.96% annualized rate based on its March 31, 2026 net asset value of $3.81. The total distribution consists of a monthly base cash distribution of $0.02924 per share and a quarterly bonus cash distribution of $0.04723 per share, both with a record date of June 26, 2026 and a payment date of July 2, 2026. The base distribution alone equates to an annualized rate of 10.00% on net asset value. The Fund, a non-diversified closed-end management investment company, invests primarily in floating rate loans of privately-owned U.S. middle market companies.
Prospect Capital CorporationThe article is about a fund's distribution announcement, not about Prospect Capital Corporation directly; the fund's high distribution rate may reflect positively on the investment manager's performance.