UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 15, 2021
Prospect Flexible Income Fund, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 814-00908 | 45-2460782 | ||||||
| (State or other jurisdiction of incorporation or organization) | Commission File Number | (I.R.S. Employer Identification No.) | ||||||
10 East 40th Street, 42nd Floor
New York, NY 10016
(Address of principal executive offices)
(212) 448-0702
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||||||||||
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||||||||||
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||||||||||
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| None | None | None | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Change of Offering Price
Effective January 15, 2021, Prospect Flexible Income Fund, Inc. (the “Company” or “our”) changed the public offering price per share of its Class A shares of common stock from $9.40 per share to $9.78 per share, which was approved by the Board of Directors of the Company (the “Board of Directors”). The change in the public offering price will be first applied to subscriptions in good order received on or after January 11, 2021.
The Board of Directors determined that a change in the public offering price was warranted following an increase in our net asset value, based on our operating results in the fourth calendar quarter (our second fiscal quarter). As a result of the change in our public offering price, the net proceeds per share of our continuous public offering of Class A shares will be approximately $8.90 per share.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Dated: January 15, 2021 | Prospect Flexible Income Fund, Inc. | |||||||||||||
| By | /s/ M. Grier Eliasek | |||||||||||||
M. Grier Eliasek Chief Executive Officer (Principal Executive Officer) | ||||||||||||||