Tender Offers for Prospect Floating Rate & Alternative Income Fund, Inc.

Form Type: SC TO-I

Filing Date: 2024-12-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000152194524000174

Comments: On December 30, 2024, Prospect Floating Rate and Alternative Income Fund, Inc. filed a Tender Offer Statement under the Securities Exchange Act of 1934. The company is looking to purchase up to the number of shares of its common stock that it can repurchase with retained cash generated during the quarter ending September 30, 2024. This offer includes Class A, Class S, Class D, and Class I Common Stock, with the Purchase Price set at the net asset value (NAV) per share as of January 31, 2025. As of the filing date, approximately 8,900,320 Shares of Class A and Class I are reported as issued and outstanding. The filing contains references to various terms of the transaction, including the process for tendering shares and withdrawal rights. The NAV per share for Class A and I on October 31, 2024, was noted as $4.56, although the Purchase Price may fluctuate. The document does not indicate any current plans for extraordinary transactions such as mergers or acquisitions.

Document Link: View Document