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Prospect Enhanced Yield Fund is an externally managed, non-diversified, closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended, and operates as an interval fund. The Fund is managed by Prospect Enhanced Yield Management, LLC, a registered investment adviser under the Investment Advisers Act of 1940, as amended, which oversees the management of its activities and is responsible for making investment decisions for its portfolio. The Fund’s investment objective is to generate current income and, as a secondary objective, long-term capital appreciation. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes, in non-mortgage related structured credit instruments, including asset-backed securities (ABS), collateralized loan obligations (CLOs) and other securitized investments representing interests in cashflows from various assets, such as loans, leases, and warehouse facilities.
News and Notices
Prospect Investment Co
2024
'40 Act
Interval CEF
USD
Quarterly
Daily
1.37%
June 30
News and Notices
Portfolio Holdings
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1-10 of 15
Notices
Date
Time (ET)
Notice Type
Source
Notice
Feb 18, 2024
09:52
Redemptions
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Prospect Enhanced Yield Fund announced a quarterly repurchase offer from September 18 to October 23, 2026, for up to 5% of outstanding shares. Shareholders must submit requests by 4:00 p.m. Eastern Time on October 23, with oversubscriptions accepted pro rata.
May 04, 2026
17:10
Compliance
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Prospect Enhanced Yield Fund Trustees approved $300,000 of joint fidelity bond coverage from AIG Specialty Insurance, effective July 30, 2026, with a $330 allocated premium. Coverage runs through July 30, 2027 for larceny and embezzlement losses.
Apr 24, 2024
16:38
Fees, Marketing Materials
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Prospect Enhanced Yield Fund’s adviser agreed to waive all management and incentive fees and reimburse expenses until at least June 30, 2027. Trustees may terminate the arrangements on 60 days’ notice.
Jul 08, 2024
15:48
Compliance
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Prospect Enhanced Yield Fund reported a 2026 annual proxy voting notice report for the period ended June 30, 2026, listing zero series.
Jul 02, 2024
13:37
Distributions, Ownership
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Prospect Enhanced Yield Fund ownership disclosure reports John & Daria Barry Foundation acquired 63,779 shares through the distribution reinvestment plan since November 7, 2025, increasing holdings from 1.0 million to 1.1 million shares while ownership declined from 86.8% to 85.6%.
Jun 18, 2024
12:03
Redemptions
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Prospect Enhanced Yield Fund opened a quarterly repurchase offer for up to 5% of outstanding shares at net asset value, ending July 24, 2026. Shareholders tendering after 4:00 p.m. Eastern Time on July 24 must wait for a subsequent quarterly offer.
Dec 10, 2025
16:01
Ownership, Personnel, Subscriptions
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Prospect Enhanced Yield Fund Chief Financial Officer Kristin L. Van Dask reported her spouse purchased 6,006.006 Class I Shares of Beneficial Interest across June 8–9, 2026, at $24.97–$24.98 per share.
Aug 20, 2025
10:16
Redemptions
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Prospect Enhanced Yield Fund announced a quarterly repurchase offer for 5% of outstanding shares, running March 20-April 24, 2026. Tenders are due by 4:00 p.m. Eastern Time on April 24, with oversubscriptions prorated.
Jun 19, 2025
09:53
Redemptions
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Prospect Enhanced Yield Fund announced a quarterly offer to repurchase up to 5% of outstanding shares from December 19, 2025 to January 23, 2026. Investors must tender by 4:00 p.m. Eastern on January 23, 2026; oversubscribed requests may be prorated.
Sep 01, 2023
16:01
Fees, Marketing Materials
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Prospect Enhanced Yield Fund’s investment adviser will waive management and incentive fees and reimburse capped expenses until at least December 31, 2026. The waiver is non-recoupable; only the Board of Trustees may terminate it on 60 days’ written notice.
Preview
Prospect Enhanced Yield Fund
Prospect Investment Co is responsible for managing Prospect Enhanced Yield Fund.
Prospect Enhanced Yield Fund launched in 2024.
Prospect Enhanced Yield Fund is registered as a '40 Act fund.
Prospect Enhanced Yield Fund is structured as a Interval CEF fund.
You can invest in Prospect Enhanced Yield Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Prospect Enhanced Yield Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Prospect Enhanced Yield Fund quarterly, subject to redemption limits and notice requirements.
Shares of Prospect Enhanced Yield Fund can be purchased in USD.
Prospect Enhanced Yield Fund's fiscal year end is June 30.
Prospect Enhanced Yield Fund's net asset value was $29.7 million and its portfolio had a fair value of $30.4 million as of December 31, 2025.
Among other deal types, Prospect Enhanced Yield Fund primarily makes Debt Investments.
Among other asset classes, Prospect Enhanced Yield Fund primarily invests in CLO-CDO-CMO.
Among other regions, Prospect Enhanced Yield Fund primarily invests in the USA.
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