Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Prospect Floating Rate & Alternative Income Fund, Inc.: Reclassified 12,500,000 authorized but unissued shares of Class T Common Stock as Class S, Class D, and Class I Common Stock (effective 2024-01-23).
- Change
- charter amendment
- Effective
- 2024-01-23
Exact text from the filing
On and effective January 23, 2024, Prospect Floating Rate and Alternative Income Fund, Inc. (the “Company”) filed articles supplementary (the “Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland, reclassifying (i) 12,500,000 authorized but unissued shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), designated as Class T Common Stock as shares of Class S Common Stock (the “Class S Common Stock”); (ii) 12,500,000 authorized but unissued shares of Common Stock designated as Class T Common Stock as shares of Class D Common Stock (the “Class D Common Stock”); and (iii) 12,500,000 authorized but unissued shares of Common Stock designated as Class T Common Stock as shares of Class I Common Stock (the “Class I Common Stock”).
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