Prospect Fund Re-Elects Eugene Stark as Director
Stark’s reappointment ensures continuity as the fund continues to navigate an evolving income investment landscape.
December 17, 2025
Prospect Fund Shareholders Back Stark in Streamlined Vote
Prospect Floating Rate and Alternative Income Fund held its annual shareholder meeting on December 16, 2025. The meeting was virtual, and the agenda was focused: re-elect one board member and move forward. That board member was Eugene S. Stark, and shareholders voted to keep him in his role as Class II director through 2028.
The numbers were decisive. Out of nearly 9 million eligible shares, more than 7.5 million were cast in support. Fewer than 35,000 votes were either against or abstained. There were no broker non-votes.
Stark’s reappointment signals ongoing alignment between management and shareholders. It keeps the fund’s board stable at a time when floating rate and alternative income strategies continue to play an important role in portfolio construction.
With market conditions shifting and income-oriented investors looking for opportunities beyond traditional assets, maintaining consistent leadership helps the fund stay focused.
CEO M. Grier Eliasek signed off on the results, underscoring the fund’s commitment to transparency and governance. No other proposals were brought to the table this year. The re-election wrapped with little friction and clear direction.
Prospect continues to operate in a complex environment for credit and income-generating strategies. But with a streamlined vote and a renewed mandate for its board, the fund enters the new year with clarity around leadership and structure.
Share
Read More Articles
