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PFLOAT – A Prospect Capital Fund

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Press Releases
Team
Investment Strategies
- Middle-Market Lending
- Lower Middle-Market
Solutions for Independent Sponsors
- Independent Sponsors FAQ
Shareholder Resources
Corporate Governance
SEC Filings
Investor Login

Press Releases
Team
Investment Strategies
- Middle-Market Lending
- Lower Middle-Market
Solutions for Independent Sponsors
- Independent Sponsors FAQ
Shareholder Resources
Corporate Governance
SEC Filings

Press Releases
Team
Investment Strategies
- Middle-Market Lending
- Lower Middle-Market
Solutions for Independent Sponsors
- Independent Sponsors FAQ
Shareholder Resources
Corporate Governance
SEC Filings

SEC Filings

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Disclosure

Investors should consider the investment objectives, risks, and charges and expenses of the Fund(s) before investing. The prospectus contains this and other information about the Fund(s) and should be read carefully before investing. The prospectus may be obtained at https://www.pfloat.com/. The Prospect Floating Rate and Alternative Income Fund is distributed by Ultimus Fund Distributors, LLC, Member FINRA/SIPC. Prospect Capital is not affiliated with Ultimus Fund Distributors, LLC.

An investment in the Fund is speculative and involves a high degree of risk, including the risk of a substantial loss of investment, as well as substantial fees and costs, all of which can impact an investor’s return. An investor should carefully consider the fees and expenses and other information found in the prospectus, including the “Risk Factors” section, before making an investment decision. These risks include:

Our use of borrowed funds to make investments will expose us to risks typically associated with leverage.
Rising interest rates may adversely affect the value of our portfolio investments, which could have an adverse effect on our business, financial condition and results of operations.
The phase-out and cessation of LIBOR and the use of SOFR as a replacement rate may adversely affect the value of the LIBOR-indexed, floating-rate debt securities in our portfolio.
We may suffer credit losses.
Economic recessions or downturns could impair a company in which we invest and harm our operating results.
Inflation can adversely impact our cost of capital and the value of our portfolio investments.
Our financial results may be affected adversely if one or more of our significant equity or junior debt investments in a Collateralized Loan Obligation (“CLO”) vehicle defaults on our payment obligations or fails to perform as we expect.
Our CLO investments will be exposed to leveraged credit risks.
There is potential for interruption and deferral of cash flow from CLO investments.
The payment of underlying portfolio manager fees and other charges on CLO investments could adversely impact our return on our CLO investments.
We have limited control of the administration and amendment of any CLO in which we invest.
We will have no influence on management of underlying investments managed by non-affiliated third-party CLO collateral managers.
Our portfolio companies may be highly leveraged.

An investor should not expect to be able to sell its shares of our common stock regardless of how we perform and should consider that it may not have access to the money it invests in us for an indefinite period of time. An investment in shares of our common stock is not suitable for an investor if the investor needs access to the money it invests.

PROSPECT CAPITAL MANAGEMENT L.P. Adviser to the Fund

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