PFLOAT declares Jul/Aug dividends at ~10% annual rate; extends expense cap at 0%

Prospect Floating Rate & Alternative Income Fund, Inc.

Monthly distributions of $0.03428 for July and $0.04285 for August per share (Class A and I).
Targeted annualized distribution rate of 10.0% based on NAV per share as of March 31, 2025.
Entered Sixth Amended Expense Limitation Agreement with adviser to cap op expenses at 0.00% of avg quarterly net assets through Dec 31, 2026.
Previously waived/reimbursed fees effectively not subject to recoupment due to 0.00% annual limit.
Adviser may recoup under limited conditions but subject to distribution minimum of 6% annualized.

item 1.01item 8.01item 9.01

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