PSEC – A Prospect Capital Fund

Press Release

Prospect Capital Announces Repayment of $3.15M Senior Term Loan to C&J Cladding, Producing a 19% Realized Cash-on-Cash IRR

NEW YORK, NY — (MARKET WIRE) — 09/09/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that C&J Cladding LLC (“C&J”) has repaid toProspect the full remaining balance of its

Prospect Capital Announces Full Repayment of $20 Million Subordinated Term Loan to PMFG, Producing a 19% Realized Cash-on-Cash IRR

NEW YORK, NY — (MARKET WIRE) — 09/08/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that PMFG, Inc. (“PMFG”), parent of PeerlessMfg. Co., has repaid to Prospect the entire

Prospect Capital Agrees to Acquire Patriot Capital for $197 Million, or 54% of Equity Book Value

NEW YORK, NY — (MARKET WIRE) — 08/03/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has entered into a definitiveagreement to acquire Patriot Capital Funding, Inc. (NASDAQ:

Prospect Capital Corporation Announces Commencement of Public Offering of 4,000,000 Shares of Common Stock

NEW YORK, NY — (MARKET WIRE) — 06/30/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) today announced the commencement of a public offering of4,000,000 shares of its common stock. Prospect also

Prospect Capital Corporation Prices Upsized Public Offering of Common Stock

NEW YORK, NY — (MARKET WIRE) — 06/30/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced that it has priced its public offering of 4,500,000shares of common stock at $9.00 per

Prospect Capital Announces First Closing on Expanded $250 Million Revolving Credit Facility

NEW YORK, NY — (MARKET WIRE) — 06/25/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has completed a first closing on anexpanded $250 million revolving credit facility

Prospect Capital Declares 19th Consecutive Quarterly Dividend Increase, Representing a 17.9% Current Dividend Yield

NEW YORK, NY — (MARKET WIRE) — 06/23/09 — Prospect Capital Corporation(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it hasdeclared a fourth fiscal quarter (for the fiscal year ending

Prospect Capital Corporation Announces Commencement of Public Offering of 5,000,000 Shares of Common Stock

NEW YORK, NY — (MARKET WIRE) — 05/18/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) today announced the commencement of a public offering of5,000,000 shares of its common stock, par value

Prospect Capital Announces Results for Quarter Ended March 31, 2009

NEW YORK, NY — (MARKET WIRE) — 05/11/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Company” or “Prospect”) today announced financial results for its thirdfiscal quarter and the nine months ended March

Prospect Capital Corporation Prices Public Offering of Common Stock

NEW YORK, NY — (MARKET WIRE) — 04/22/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced that it has priced its public offering of 3.2million shares of common stock at $7.75