secwatch.observer — SEC 8-K summary
======================================

Issuer:     Prospect Floating Rate & Alternative Income Fund, Inc. (—)
CIK:        0001521945
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0001521945-26-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521945/000152194526000006/0001521945-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521945/000152194526000006/pfloat-20260127.htm
  HTML page:      https://secwatch.observer/filing/0001521945-26-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer