Vehicle file · Non-traded BDC

Prospect Floating Rate & Alternative Income Fund, Inc.

What its SEC filings show.

SEC CIK 1521945·Inc. MD·Fiscal year end 06/30·Data as filed · pulled Oct 12, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Prospect Floating Rate & Alternative Income Fund, Inc. is a non-traded BDC registered with the SEC under CIK 1521945 (incorporated in MD). Its most recent filing is a 424B3 (prospectus supplement) dated Sep 29, 2026. As of Jun 30, 2026 it reported total assets of $98.5M (down 4.3% from $102.9M a year earlier) and stockholders' equity of $37.1M. Net income (loss) for the year to Jun 30, 2026 was −$873K. It raised $0 from new shares in the year to Jun 30, 2026; paid $458K in distributions in the year to Jun 30, 2026; spent $979K repurchasing shares in the year to Jun 30, 2026. Reported NAV per share: $4.59 as of Dec 31, 2024.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 70 other vehicles of this type we track.

Liabilities were 62% of total assets at Jun 30, 2026. It ranks 67th of the 69 vehicles of this type that report the same figures (1st = least leveraged).
The management fee ran at about 3.03% a year of stockholders' equity ($1.1M in the year to Jun 30, 2026, annualised; our arithmetic). It ranks 53rd of the 55 vehicles of this type that report the same figures (1st = lowest fee).
NAV per share moved down 10.4% in a year, from $5.12 to $4.59 (before distributions). It ranks 52nd of the 58 vehicles of this type that report the same figures (1st = best NAV change).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$98.5M	as of Jun 30, 2026	$102.9M	−4.3%	10-K · Sep 28, 2026
Investments at fair value	$73.1M	as of Jun 30, 2026	$85.0M	−14.0%	10-K · Sep 28, 2026
Cash and equivalents	$23.9M	as of Jun 30, 2026	$16.5M	+44.9%	10-K · Sep 28, 2026
Total liabilities	$61.4M	as of Jun 30, 2026	$62.9M	−2.5%	10-K · Sep 28, 2026
Stockholders' equity	$37.1M	as of Jun 30, 2026	$40.0M	−7.2%	10-K · Sep 28, 2026
Shares outstanding	9.5M shares	as of Jun 30, 2026	8.9M shares	+7.1%	10-K · Sep 28, 2026
Shares outstanding (cover page)	6.6M shares	as of May 13, 2024	2.4M shares	+176.4%	10-Q · May 13, 2024

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Net income (loss)	−$873K	year to Jun 30, 2026	$1.2M	−170.5%	10-K · Sep 28, 2026
Cash from operations	$11.7M	year to Jun 30, 2026	−$24.0M	+148.6%	10-K · Sep 28, 2026
Management fees	$1.1M	year to Jun 30, 2026	$1.2M	−8.8%	10-K · Sep 28, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$0	year to Jun 30, 2026	$10.0M	−100.0%	10-K · Sep 28, 2026
Distributions paid	$458K	year to Jun 30, 2026	$473K	−3.1%	10-K · Sep 28, 2026
Share repurchases (cash paid)	$979K	year to Jun 30, 2026	$2.1M	−52.9%	10-K · Sep 28, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

If you have real money in this, do not decide it alone.

We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded BDC whose repurchases are capped each quarter, that is the part that actually matters.

Get matched with a screened adviser

Answer a few questions

A short questionnaire about your assets and goals, then introductions to advisers that WiserAdvisor says it screens for experience and SEC/FINRA registration record. Ask each one, in writing, whether they act as a fiduciary on everything they recommend. Free to you. No money moves and nothing is bought.

What we don't like: you are handing over your contact details and advisers will get in touch, so expect calls. We have not vetted any individual adviser and we are not endorsing one. Treat the introduction as a starting point, not a recommendation.

We are paid a referral fee if you complete the questionnaire, at no cost to you. A few lenders we review, such as Kiavi, also pay us for referrals; those links are marked. The advisers in this box have no connection to any fund reviewed on this site.

Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Sep 29, 2026424B3 · Prospectus supplementEDGAR ↗
Sep 29, 20268-K · Current reportItems 7.01,9.01EDGAR ↗
Sep 28, 2026DEFA14A · Proxy materialEDGAR ↗
Sep 28, 2026DEF 14A · Proxy statementEDGAR ↗
Sep 28, 202610-K · Annual reportEDGAR ↗
Sep 18, 2026SC TO-I · Issuer tender offerEDGAR ↗
Sep 10, 2026SCHEDULE 13D/A · FilingEDGAR ↗
Aug 24, 20268-K · Current reportItems 8.01EDGAR ↗
Aug 19, 2026SC TO-I/A · Issuer tender offer (amendment)EDGAR ↗
Aug 4, 202640-17G · FilingEDGAR ↗
Jul 27, 20268-K · Current reportItems 7.01,8.01EDGAR ↗
Jul 7, 2026POS EX · FilingEDGAR ↗
Jun 26, 2026SC TO-I · Issuer tender offerEDGAR ↗
Jun 24, 20268-K · Current reportItems 7.01,9.01EDGAR ↗
May 28, 20268-K · Current reportItems 8.01EDGAR ↗
May 11, 2026424B3 · Prospectus supplementEDGAR ↗
May 11, 2026SC TO-I/A · Issuer tender offer (amendment)EDGAR ↗
May 11, 202610-Q · Quarterly reportEDGAR ↗
May 1, 2026SCHEDULE 13D/A · FilingEDGAR ↗
Mar 27, 2026424B3 · Prospectus supplementEDGAR ↗
Mar 27, 2026SC TO-I · Issuer tender offerEDGAR ↗
Mar 19, 20268-K · Current reportItems 7.01,9.01EDGAR ↗
Mar 6, 20268-K · Current reportItems 5.03,5.07,8.01,9.01EDGAR ↗
Feb 27, 2026CORRESP · FilingEDGAR ↗
Feb 26, 20268-K · Current reportItems 7.01,9.01EDGAR ↗

Our reads on Prospect Floating Rate & Alternative Income Fund, Inc..

01Non-Traded BDC List 2026: All 66 Ranked by Net Assets, With NAV, Leverage and Latest Tender ResultsOct 9, 2026

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1521945, retrieved Oct 12, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

More files.

All vehicle files →

The weekly read

Prospect Floating Rate & Alternative Income Fund, Inc.

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on Prospect Floating Rate & Alternative Income Fund, Inc..

More files.

Andalusian Credit Company, LLC

Apollo Asset Backed Credit Co LLC

Apollo Debt Solutions BDC

ARES STRATEGIC INCOME FUND

Audax Credit BDC Inc.

Audax Private Credit Fund, LLC

One platform, dissected, every Tuesday.