---
schema_version: "secwatch.filing_event.v1"
accession: "0001521945-24-000015"
form_type: "8-K"
ticker: null
cik: "0001521945"
company_name: "Prospect Floating Rate & Alternative Income Fund, Inc."
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:14:30.368292+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Prospect Floating Rate Fund reclassifies 37.5M unissued shares from Class T to Classes S, D, I

## Summary
- Filed articles supplementary reclassifying 12.5M unissued Class T shares each to Class S, Class D, and Class I Common Stock.
- Total authorized Common Stock unchanged; no change in outstanding shares or shareholder rights.
- Effective January 23, 2024; purely a reclassification of unissued shares.

## SEC filing metadata
- accession: 0001521945-24-000015
- form_type: 8-K
- cik: 0001521945
- company_name: Prospect Floating Rate & Alternative Income Fund, Inc.
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521945/000152194524000015/0001521945-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521945/000152194524000015/pfloat-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521945-24-000015
- JSON: https://secwatch.observer/filing/0001521945-24-000015.json
- Plain text: https://secwatch.observer/filing/0001521945-24-000015.txt

## Key facts
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521945/000152194524000015/0001521945-24-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.