Prospect Floating Rate Fund replaces dealer manager with Ultimus Fund Distributors

Prospect Floating Rate & Alternative Income Fund, Inc.

Entered Distribution Agreement with Ultimus Fund Distributors, LLC to act as distributor for Class S, D, I shares.
Terminated existing Dealer Manager Agreement with Preferred Capital Securities, LLC by mutual agreement, no penalties.
Effective upon post-effective amendment to N-2; either party may terminate with 60 days' notice.
Ultimus Fund Solutions affiliate expected to serve as transfer agent, plan administrator, registrar.
Company indemnifies Distributor except for willful misfeasance, bad faith, gross negligence.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Prospect Floating Rate & Alternative Income Fund, Inc. terminated Existing Dealer Manager Agreement with Preferred Capital Securities, LLC valued at Termination of the Existing Dealer Manager Agreement with Preferred Capital Securities, LLC dated Ma (effective 2026-01-26).

Action: termination
Counterparty: Preferred Capital Securities, LLC
Value: Termination of the Existing Dealer Manager Agreement with Preferred Capital Securities, LLC dated Ma
Effective: 2026-01-26

Exact text from the filing

On January 26, 2026, the Company signed an agreement with Preferred Capital Securities, LLC ("PCS") to terminate its existing Dealer Manager Agreement (the "Existing Dealer Manager Agreement") with PCS dated May 13, 2024 under which PCS is acting as dealer manager in the Offering.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Prospect Floating Rate & Alternative Income Fund, Inc. entered into Distribution Agreement with Ultimus Fund Distributors, LLC valued at Distribution Agreement to act as distributor in the Company's continuous public offering of Class S, (effective 2026-01-26).

Action: entry
Agreement: supply
Counterparty: Ultimus Fund Distributors, LLC
Value: Distribution Agreement to act as distributor in the Company's continuous public offering of Class S,
Effective: 2026-01-26

Exact text from the filing

On January 26, 2026, Prospect Floating Rate and Alternative Income Fund, Inc. (the "Company") entered into a Distribution Agreement (the "Distribution Agreement") with Ultimus Fund Distributors, LLC (the "Distributor") to act as distributor in the Company's continuous public offering of the Class S, Class D and Class I shares of the Company's common stock (the "Shares") (the "Offering").

View on SEC.gov

284 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001521945-26-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.