NEW YORK, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Prospect Floating Rate and Alternative Income Fund, Inc. ("Prospect Floating Rate and Alternative Income Fund” or the "Fund”), announced today that the Fund's Board of Directors has declared monthly cash common shareholder distributions for September 2024.

The annualized total cash distribution is $0.39865 per share (8.50% annualized percentage rate based on the net asset value as of June 30, 2024), for a distribution with record date of September 27, 2024 and payment date of October 4, 2024 based on the June 30, 2024 net asset value of $4.69. This is an increase from the prior annualized distribution percentage rate of 8.14% based on net asset value as of June 30, 2024.

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