X0202 SCHEDULE 13D/A 0002009659 XXXXXXXX LIVE 7 Common Stock, par value $0.001 per share 05/01/2026 false 0001521945 89678V105 Prospect Floating Rate & Alternative Income Fund, Inc.

10 EAST 40TH STREET, 42ND FLOOR NEW YORK NY 10016

Kristin Van Dask 2124480702 10 E 40th #42 New York NY 10016 0002009659 N John & Daria Barry Foundation OO N FL 7572488.89 0.00 7572488.89 0.00 7572488.89 N 79.7 OO 0001294357 N Barry John F OO WC N FL 7572488.89 0.00 7572488.89 0.00 7572488.89 N 79.7 IN Common Stock, par value $0.001 per share Prospect Floating Rate & Alternative Income Fund, Inc. 10 EAST 40TH STREET, 42ND FLOOR NEW YORK NY 10016 Item 3 is amended by adding the following: Since the filing of the Amendment No. 6 on Schedule 13D/A on December 12, 2025: the Foundation acquired an aggregate of 380,946.64 shares of Common Stock through the Issuer's distribution reinvestment plan. Item 5 of this Schedule 13D is incorporated herein by reference. The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D is incorporated herein by reference. The percentage set forth in row 13 is based on 9,504,255.82 shares of Class A and Class I Common Stock outstanding as of May 1, 2026, as reported by the Issuer. As of the date hereof, the Foundation directly holds 7,572,488.89 shares of Class A Common Stock. Mr. Barry has sole voting and dispositive power over the shares held by the Foundation. The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D is incorporated herein by reference. The percentage set forth in row 13 is based on 9,504,255.82 shares of Class A and Class I Common Stock outstanding as of May 1, 2026, as reported by the Issuer. As of the date hereof, the Foundation directly holds 7,572,488.89 shares of Class A Common Stock. Mr. Barry has sole voting and dispositive power over the shares held by the Foundation. 1. On January 2, 2026, the John F. Barry and the John and Daria Barry Foundation received a dividend of 55,572.60 at a weighted average price per share of $4.11. 2. On February 6, 2026, the John F. Barry and the John and Daria Barry Foundation received a dividend of 70,002.55 at a weighted average price per share of $4.11. 3. On March 6, 2026, the John F. Barry and the John and Daria Barry Foundation received a dividend of 55,446.33 at a weighted average price per share of $3.78. 4. On April 3, 2026, the John F. Barry and the John and Daria Barry Foundation received a dividend of 140,956.01 at a weighted average price per share of $3.78. 5. On May 1, 2026, the John F. Barry and the John and Daria Barry Foundation received a dividend of 57,969.15 at a weighted average price per share of $3.78. N/A N/A John & Daria Barry Foundation John F. Barry III 05/01/2026 Barry John F John F. Barry III 05/01/2026