Prospect Floating Rate and Alternative Income Fund Announces a 14.54% Annualized Total Cash Common Shareholder Distribution Rate on Net Asset Value for March 2026

NEW YORK, March 18, 2026 (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 its first quarterly cash “bonus” common shareholder distribution for March 2026.