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  <xs:element id="pfloat_InvestmentTransactionsNumberOfAssetGoingThroughForeclosure" abstract="false" name="InvestmentTransactionsNumberOfAssetGoingThroughForeclosure" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="pfloat_QualifyingAssetsAsPercentOfTotalAssets" abstract="false" name="QualifyingAssetsAsPercentOfTotalAssets" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_FairValueInvestmentsNonAccrualStatusOfTotalAssets" abstract="false" name="FairValueInvestmentsNonAccrualStatusOfTotalAssets" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_SubscriptionAgreementsMember" abstract="true" name="SubscriptionAgreementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_ShareRepurchaseThreshold" abstract="false" name="ShareRepurchaseThreshold" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_ShareRepurchaseQuarterlyThreshold" abstract="false" name="ShareRepurchaseQuarterlyThreshold" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_SharesRepurchasedPercentageOfSharesTenderedThatWereRepurchased" abstract="false" name="SharesRepurchasedPercentageOfSharesTenderedThatWereRepurchased" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_AdministrationAgreementBankingFeesMember" abstract="true" name="AdministrationAgreementBankingFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_AdministrationAgreementBankingFeesExpenseLimitationAgreementMember" abstract="true" name="AdministrationAgreementBankingFeesExpenseLimitationAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_AdministrationAgreementBankingFeesPastOverheadFeesMember" abstract="true" name="AdministrationAgreementBankingFeesPastOverheadFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_AdministrationAgreementMember" abstract="true" name="AdministrationAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisoryAgreementMember" abstract="true" name="InvestmentAdvisoryAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisoryAndManagementAgreementIncentiveRateQuarterlyHurdleRateMember" abstract="true" name="InvestmentAdvisoryAndManagementAgreementIncentiveRateQuarterlyHurdleRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisroyAgreementIncentiveRateQuarterlyHurdleRateMember" abstract="true" name="InvestmentAdvisroyAgreementIncentiveRateQuarterlyHurdleRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisoryAndManagementAgreementIncentiveRateAnnualHurdleRateMember" abstract="true" name="InvestmentAdvisoryAndManagementAgreementIncentiveRateAnnualHurdleRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisoryAndManagementAgreementIncentiveRatePreIncentiveFeeNetInvestmentIncomeBelowCatchUpThresholdMember" abstract="true" name="InvestmentAdvisoryAndManagementAgreementIncentiveRatePreIncentiveFeeNetInvestmentIncomeBelowCatchUpThresholdMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisoryAndManagementAgreementIncentiveRateAnnualCatchUpThresholdMemberMember" abstract="true" name="InvestmentAdvisoryAndManagementAgreementIncentiveRateAnnualCatchUpThresholdMemberMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisoryAndManagementAgreementIncentiveRatePreIncentiveFeeNetInvestmentIncomeExceedsCatchUpThresholdMember" abstract="true" name="InvestmentAdvisoryAndManagementAgreementIncentiveRatePreIncentiveFeeNetInvestmentIncomeExceedsCatchUpThresholdMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentManagementAgreementIncentiveRateRealizedCapitalGainsMember" abstract="true" name="InvestmentManagementAgreementIncentiveRateRealizedCapitalGainsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentAdvisoryAgreementBaseManagementFeesMember" abstract="true" name="InvestmentAdvisoryAgreementBaseManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_ExpenseLimitationAndExpenseReimbursementAgreementsMember" abstract="true" name="ExpenseLimitationAndExpenseReimbursementAgreementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DealerManagerAgreementMember" abstract="true" name="DealerManagerAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_IndependentDirectorsMember" abstract="true" name="IndependentDirectorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_AgreementTerm" abstract="false" name="AgreementTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="pfloat_AgreementExtensionPeriod" abstract="false" name="AgreementExtensionPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="pfloat_RelatedPartyTransactionNumberOfComponents" abstract="false" name="RelatedPartyTransactionNumberOfComponents" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="pfloat_ExpenseLimitationAndExpenseReimbursementAgreementsAnnualLimit" abstract="false" name="ExpenseLimitationAndExpenseReimbursementAgreementsAnnualLimit" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_PercentageOfAverageQuarterlyNetAssets" abstract="false" name="PercentageOfAverageQuarterlyNetAssets" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_PercentageOfAnnualRateOfWaivedOrReimbursed" abstract="false" name="PercentageOfAnnualRateOfWaivedOrReimbursed" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_InvestmentCompanyPeriodForWaivedFees" abstract="false" name="InvestmentCompanyPeriodForWaivedFees" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="pfloat_AgreementTerminationNoticePeriod" abstract="false" name="AgreementTerminationNoticePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="pfloat_ProspectFlexibleIncomeManagementLLCMember" abstract="true" name="ProspectFlexibleIncomeManagementLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentCompanyReimbursementPaymentAmount" abstract="false" name="InvestmentCompanyReimbursementPaymentAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentCompanyAnnualLimit" abstract="false" name="InvestmentCompanyAnnualLimit" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_O2026M1DividendsMember" abstract="true" name="O2026M1DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M2DividendsMember" abstract="true" name="O2026M2DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M3DividendsMember" abstract="true" name="O2026M3DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M4DividendsMember" abstract="true" name="O2026M4DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M5DividendsMember" abstract="true" name="O2026M5DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M6DividendsMember" abstract="true" name="O2026M6DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M7DividendsMember" abstract="true" name="O2026M7DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M8DividendsMember" abstract="true" name="O2026M8DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2026M9DividendsMember" abstract="true" name="O2026M9DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M1DividendsMember" abstract="true" name="O2025M1DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M2DividendsMember" abstract="true" name="O2025M2DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M3DividendsMember" abstract="true" name="O2025M3DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M4DividendsMember" abstract="true" name="O2025M4DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M5DividendsMember" abstract="true" name="O2025M5DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M6DividendsMember" abstract="true" name="O2025M6DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M7DividendsMember" abstract="true" name="O2025M7DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M8DividendsMember" abstract="true" name="O2025M8DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_O2025M9DividendsMember" abstract="true" name="O2025M9DividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_TriggeringEventAxis" abstract="true" name="TriggeringEventAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="pfloat_TriggeringEventDomain" abstract="true" name="TriggeringEventDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DeclaredBonusDistributionMember" abstract="true" name="DeclaredBonusDistributionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentCompanyDividendDistributionAndTaxReturnOfCapitalDistribution" abstract="false" name="InvestmentCompanyDividendDistributionAndTaxReturnOfCapitalDistribution" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentCompanyDividendDistributionAndTaxReturnOfCapitalDistributionPriorYearAllocableToCurrentYear" abstract="false" name="InvestmentCompanyDividendDistributionAndTaxReturnOfCapitalDistributionPriorYearAllocableToCurrentYear" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentCompanyDividendDistributionAndTaxReturnOfCapitalDistributionCurrentYearAllocableToNextYear" abstract="false" name="InvestmentCompanyDividendDistributionAndTaxReturnOfCapitalDistributionCurrentYearAllocableToNextYear" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_IncomeTaxesTable" abstract="true" name="IncomeTaxesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="pfloat_IncomeTaxesLineItems" abstract="true" name="IncomeTaxesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="pfloat_InvestmentCompanyTaxReclassificationIncreaseDecrease1" abstract="false" name="InvestmentCompanyTaxReclassificationIncreaseDecrease1" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentTaxBasisReconciliationNetRealizedGainsLossesOnInvestmentsIncreaseDecreaseInTaxableIncome" abstract="false" name="InvestmentTaxBasisReconciliationNetRealizedGainsLossesOnInvestmentsIncreaseDecreaseInTaxableIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentTaxBasisReconciliationPermanentDifferencesIncreaseDecreaseInTaxableIncome" abstract="false" name="InvestmentTaxBasisReconciliationPermanentDifferencesIncreaseDecreaseInTaxableIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_ExistingPortfolioMember" abstract="true" name="ExistingPortfolioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_NoncashRestructuredInvestmentsMember" abstract="true" name="NoncashRestructuredInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtRepaymentsAndConsiderationsExcludingNoncashRestructuredInvestmentsMember" abstract="true" name="DebtRepaymentsAndConsiderationsExcludingNoncashRestructuredInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtRepaymentsAndConsiderationsIncludingNoncashRestructuredInvestmentsMember" abstract="true" name="DebtRepaymentsAndConsiderationsIncludingNoncashRestructuredInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtSecuritiesFloatingInterestRateMember" abstract="true" name="DebtSecuritiesFloatingInterestRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentsOwnedAtCostGrossAdditions" abstract="false" name="InvestmentsOwnedAtCostGrossAdditions" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentsOwnedAtCostGrossReductions" abstract="false" name="InvestmentsOwnedAtCostGrossReductions" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentOwnedPercentOfNetAssetsFairValue" abstract="false" name="InvestmentOwnedPercentOfNetAssetsFairValue" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_InvestmentOwnedPercentOfNetAssetsAmortizedCost" abstract="false" name="InvestmentOwnedPercentOfNetAssetsAmortizedCost" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_AggregateInvestmentsMember" abstract="true" name="AggregateInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtSecuritiesFirstLienMember" abstract="true" name="DebtSecuritiesFirstLienMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtSecuritiesSecondLienMember" abstract="true" name="DebtSecuritiesSecondLienMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_CommonEquityOtherMember" abstract="true" name="CommonEquityOtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_PreferredEquityMember" abstract="true" name="PreferredEquityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_AggregateSectorsMember" abstract="true" name="AggregateSectorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_TelecommunicationsSectorMember" abstract="true" name="TelecommunicationsSectorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_BeverageFoodAndTobaccoSectorMember" abstract="true" name="BeverageFoodAndTobaccoSectorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_TransportationCargoSectorMember" abstract="true" name="TransportationCargoSectorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentsAtFairValueMember" abstract="true" name="InvestmentsAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_InvestmentOwnedDiscountPremium" abstract="false" name="InvestmentOwnedDiscountPremium" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_AcceleratedOriginalIssueDiscountsDueToRepayments" abstract="false" name="AcceleratedOriginalIssueDiscountsDueToRepayments" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_EarlyRepaymentIncomeInterestIncome" abstract="false" name="EarlyRepaymentIncomeInterestIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_AllOtherIndustrySectorsMember" abstract="true" name="AllOtherIndustrySectorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_TotalIndustrySectorsMember" abstract="true" name="TotalIndustrySectorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_IndustryConcentrationRiskMember" abstract="true" name="IndustryConcentrationRiskMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtAndEquitySecuritiesRealizedGainLossMember" abstract="true" name="DebtAndEquitySecuritiesRealizedGainLossMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtAndEquitySecuritiesUnrealizedGainLossMember" abstract="true" name="DebtAndEquitySecuritiesUnrealizedGainLossMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLoss" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLoss" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAdditionsForPaidInKindInterest" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAdditionsForPaidInKindInterest" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAccretionAmortizationOfDiscountsAndPremiumsNet" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAccretionAmortizationOfDiscountsAndPremiumsNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsNetReductionsToSubordinatedStructuredNotesAndRelatedInvestmentCost" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsNetReductionsToSubordinatedStructuredNotesAndRelatedInvestmentCost" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSalesAndSettlements" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSalesAndSettlements" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersWithinLevel3" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersWithinLevel3" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_NumberOfLienLoansTransferredOutOfLevel3ToLevel2" abstract="false" name="NumberOfLienLoansTransferredOutOfLevel3ToLevel2" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="pfloat_NumberOfLienLoansTransferredOutOfLevel2ToLevel3" abstract="false" name="NumberOfLienLoansTransferredOutOfLevel2ToLevel3" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="pfloat_SeniorSecuredFirstLienDebtMember" abstract="true" name="SeniorSecuredFirstLienDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtSecuritiesFirstLien1Member" abstract="true" name="DebtSecuritiesFirstLien1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtSecuritiesFirstLien2Member" abstract="true" name="DebtSecuritiesFirstLien2Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_DebtSecuritiesFirstLien3Member" abstract="true" name="DebtSecuritiesFirstLien3Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_CommonEquityWarrantsMember" abstract="true" name="CommonEquityWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_PreferredEquity1Member" abstract="true" name="PreferredEquity1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_ValuationEnterpriseMarketAndDiscountedCashFlowApproachMember" abstract="true" name="ValuationEnterpriseMarketAndDiscountedCashFlowApproachMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_ValuationApproachEnterpriseValueWaterfallMember" abstract="true" name="ValuationApproachEnterpriseValueWaterfallMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_ValuationApproachLiquidationScenarioMember" abstract="true" name="ValuationApproachLiquidationScenarioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_EnterpriseValueWaterfallMarketApproachMember" abstract="true" name="EnterpriseValueWaterfallMarketApproachMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_MeasurementInputMarketYieldMember" abstract="true" name="MeasurementInputMarketYieldMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_MeasurementInputPurchasePriceMember" abstract="true" name="MeasurementInputPurchasePriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_OZKCreditFacilityMember" abstract="true" name="OZKCreditFacilityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_SeniorSecuredRevolvingCreditFacilityMember" abstract="true" name="SeniorSecuredRevolvingCreditFacilityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="pfloat_LineOfCreditFacilityAdditionalAmount" abstract="false" name="LineOfCreditFacilityAdditionalAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_LineOfCreditSwinglineMaximumOutstandingAmount" abstract="false" name="LineOfCreditSwinglineMaximumOutstandingAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_InvestmentCompanyPerShareDataAbstract" abstract="true" name="InvestmentCompanyPerShareDataAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="pfloat_InvestmentCompanyDistributionsAbstract" abstract="true" name="InvestmentCompanyDistributionsAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="pfloat_InvestmentCompanyReturnOfCapitalPerShare" abstract="false" name="InvestmentCompanyReturnOfCapitalPerShare" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="pfloat_InvestmentCompanyDistributionsPerShare" abstract="false" name="InvestmentCompanyDistributionsPerShare" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="pfloat_InvestmentCompanyOtherPerShare" abstract="false" name="InvestmentCompanyOtherPerShare" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="pfloat_RatiosAndSupplementalDataAbstract" abstract="true" name="RatiosAndSupplementalDataAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="pfloat_RatioToAverageNetAssetsAbstract" abstract="true" name="RatioToAverageNetAssetsAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="pfloat_InvestmentCompanyExpenseRatioBeforeLimitationAgreement" abstract="false" name="InvestmentCompanyExpenseRatioBeforeLimitationAgreement" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_InvestmentCompanyExpenseRatioAfterLimitationAgreement" abstract="false" name="InvestmentCompanyExpenseRatioAfterLimitationAgreement" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_InvestmentCompanyReductionInAnnualizedExpensePercent" abstract="false" name="InvestmentCompanyReductionInAnnualizedExpensePercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_TargetedAnnualizedDistributionRate" abstract="false" name="TargetedAnnualizedDistributionRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="pfloat_RepurchaseOfferCashRetained" abstract="false" name="RepurchaseOfferCashRetained" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="pfloat_NumberOfInvestmentsMadeDuringPeriod" abstract="false" name="NumberOfInvestmentsMadeDuringPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="pfloat_NumberOfInvestmentsSoldDuringPeriod" abstract="false" name="NumberOfInvestmentsSoldDuringPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
</xs:schema>
