---
schema_version: "secwatch.filing_event.v1"
accession: "0001521945-26-000006"
form_type: "8-K"
ticker: null
cik: "0001521945"
company_name: "Prospect Floating Rate & Alternative Income Fund, Inc."
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:30:53.088918+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Prospect Floating Rate Fund replaces dealer manager with Ultimus Fund Distributors

## Summary
- 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.

## SEC filing metadata
- accession: 0001521945-26-000006
- form_type: 8-K
- cik: 0001521945
- company_name: Prospect Floating Rate & Alternative Income Fund, Inc.
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521945/000152194526000006/0001521945-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521945/000152194526000006/pfloat-20260127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521945-26-000006
- JSON: https://secwatch.observer/filing/0001521945-26-000006.json
- Plain text: https://secwatch.observer/filing/0001521945-26-000006.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521945/000152194526000006/0001521945-26-000006-index.htm
- Material Agreements
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521945/000152194526000006/0001521945-26-000006-index.htm

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