Prospect Floating Rate & Alternative Income Fund, Inc. – Company response

We are writing in response to your comment with respect to your review, pursuant to the Sarbanes-Oxley Act of 2002, of the Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (the “Annual Report”) of Prospect Floating Rate and Alternative Income Fund, Inc. (the “Company”). Unless explicitly provided, we understand that your comment is intended to apply to disclosure in the Company’s future filings. The Company has considered your comment and has authorized us, on its behalf, to make the response discussed below. Set forth below is the SEC staff’s comment along with our response…