Prospect Floating Rate and Alternative Income Fund Announces a 14.46% Annualized Total Cash Common Shareholder Distribution Rate on Net Asset Value for September 2026

NEW YORK, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Prospect Floating Rate and Alternative Income Fund, Inc. (“Prospect Floating Rate and Alternative Income Fund” or the “Fund”), announced today that the Fund’s Board of Directors has declared the monthly “base” cash common shareholder distribution and its quarterly cash “bonus” common shareholder distribution for September 2026.

The annualized total “base” cash distribution is $0.3890 per share (10.00% annualized percentage rate based on the net asset value as of June 30, 2026 of $3.89), for distribution with a record date of September 30, 2026 and a payment date of October 7, 2026.