Filing Details
- Accession Number:
- 0001521945-24-000077
- Form Type:
- 13D Filing
- Publication Date:
- 2024-04-25 20:00:00
- Filed By:
- Prospect Floating Rate & Alternative Income Fund, Inc.
- Company:
- Prospect Floating Rate & Alternative Income Fund Inc.
- Filing Date:
- 2024-04-26
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| John F. Barry III | 4,206,571 | 0 | 4,206,571 | 0 | 4,206,571 | 63.6% |
| John and Daria Barry Foundation | 4,206,571 | 0 | 4,206,571 | 0 | 4,206,571 | 63.6% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Prospect Floating Rate and Alternative Income Fund, Inc.
__________________________________________________________________________________
(Name of Issuer)
Common Stock, par value $0.001 per share
__________________________________________________________________________________
(Title of Class of Securities)
89678V 105
__________________________________________________________________________________
(CUSIP Number)
John F. Barry III
700 S. Rosemary Avenue, Suite 204
West Palm Beach, FL
212-448-1858
__________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 26, 2024
__________________________________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 89678V 105 | |||||
| 1. Name of Reporting Person | |||||
| John F. Barry III | |||||
| 2. Check the Appropriate Box if a Member of a Group | |||||
(a) o | |||||
(b) o | |||||
| 3. SEC Use Only | |||||
| 4. Source of Funds | |||||
OO, WC | |||||
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| 6. Citizenship or Place of Organization | |||||
United States of America | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: | 7. Sole Voting Power | ||||
| 4,206,571.9753 | |||||
| 8. Shared Voting Power | |||||
| 0 | |||||
| 9. Sole Dispositive Power | |||||
| 4,206,571.9753 | |||||
| 10. Shared Dispositive Power | |||||
| 0 | |||||
| 11. Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| 4,206,571.9753 | |||||
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
| 13. Percent of Class Represented by Amount in Row (11) | |||||
| 63.6% | |||||
| 14. Type of Reporting Person | |||||
| OO | |||||
CUSIP No. 89678V 105 | |||||
| 1. Name of Reporting Person | |||||
| John and Daria Barry Foundation | |||||
| 2. Check the Appropriate Box if a Member of a Group | |||||
(a) o | |||||
(b) o | |||||
| 3. SEC Use Only | |||||
| 4. Source of Funds | |||||
OO | |||||
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| 6. Citizenship or Place of Organization | |||||
Florida | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: | 7. Sole Voting Power | ||||
| 4,206,571.9753 | |||||
| 8. Shared Voting Power | |||||
| 0 | |||||
| 9. Sole Dispositive Power | |||||
| 4,206,571.9753 | |||||
| 10. Shared Dispositive Power | |||||
| 0 | |||||
| 11. Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| 4,206,571.9753 | |||||
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
| 13. Percent of Class Represented by Amount in Row (11) | |||||
| 63.6% | |||||
| 14. Type of Reporting Person | |||||
| OO | |||||
This Amendment No. 1 (“Amendment No. 1”) to Schedule 13D relates to the common stock, par value $ 0.001 per share (the “Common Stock”) of Prospect Floating Rate and Alternative Income Fund, Inc. (“PFLOAT”), and amends and supplements the initial statement on Schedule 13D filed by John F. Barry and the John and Daria Barry Foundation (the “Foundation”) (collectively, the “Reporting Persons”) on February 26, 2024 (the “Original Schedule 13D”, and as so amended, the “Schedule 13D”). Capitalized terms used but not defined in this Amendment No. 1 shall have the same meanings ascribed to them in the Original Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is amended by adding the following:
Since the filing of the Original Schedule 13D on February 26, 2024: (i) the Foundation acquired an aggregate of 26,620.0207 shares of Common Stock through the Issuer's distribution reinvestment plan and (ii) PCM purchased 2,105,263.1579 shares of Common Stock on April 24, 2024 at a price of $4.75 per share, which were then donated by PCM to the Foundation on April 24, 2024.
Item 5 of this Schedule 13D is incorporated herein by reference.
Item 5. Interest in Securities of the Issuer
Item 5 is amended and restated as follows:
(a-b) 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 6,614,629.84 shares of Common Stock outstanding as of April 24, 2024, as reported by the Issuer. As of the date hereof, the Foundation directly holds 4,206,571.9753 shares of Common Stock. Mr. Barry has sole voting and dispositive power over the shares held by the Foundation.
(c) The following table sets forth all transactions with respect to the Common Stock effected by the Reporting Persons, including through PCM, during the past sixty days.
| Date of Transaction | Account | Amount of Securities | Weighted Average Price per Share | Type | ||||||||||
| 04/24/2024* | PCM | 2,105,263.1579 | $4.75 | Purchase | ||||||||||
| 04/24/2024** | Foundation | 2,105,263.1579 | $0.00 | Gift | ||||||||||
* On April 24, 2024, the Issuer determined that PCM purchased 2,105,263.1579 shares of Common Stock effective as of April 1, 2024, upon the Issuer’s determination of its net asset value as of March 31, 2024.
** Reflects shares of Common Stock donated by PCM to the Foundation.
(d) N/A.
(e) N/A.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: April 26, 2024
By: /s/ John F. Barry III
Name: John F. Barry III
JOHN AND DARIA BARRY FOUNDATION
By: /s/ John F. Barry III
Name: John F. Barry III
Title: Trustee