Prospect Floating Rate and Alternative Income Fund Announces an Increased 7.5% Annualized Total Cash Distribution Percentage Rate on Net Asset Value for May 2024 and Announces a Registered Multi-Class Offering NEW YORK, May 31, 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...