PSEC – A Prospect Capital Fund

Press Release

Prospect Capital Corporation Announces Updated Guidance for the Quarter Ending March 31, 2009

NEW YORK, NY — (MARKET WIRE) — 04/21/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) today announced updated guidance for the quarter ending March31, 2009. Prospect’s Board of Directors determines the

Prospect Capital Declares 18th Consecutive Quarterly Dividend Increase, Representing a 17.5% Current Dividend Yield

NEW YORK, NY — (MARKET WIRE) — 03/24/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect” or “Company”) announced today that it has declared a thirdfiscal quarter (for the fiscal year ending

Prospect Capital Announces Results for Quarter Ended December 31, 2008

NEW YORK, NY — (MARKET WIRE) — 02/10/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Company” or “Prospect”) today announced financial results for its secondfiscal quarter and the six months ended December

Prospect Capital Announces 17% Realized Cash on Cash IRR Monetization of Diamondback Operating, LP

NEW YORK, NY — (MARKET WIRE) — 01/26/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that Diamondback Operating, LP (“Diamondback”)has repaid Prospect’s $9.2 million loan in full from the

Prospect Capital Declares 17th Consecutive Quarterly Dividend Increase, Representing a 14.6% Current Dividend Yield

NEW YORK, NY — (MARKET WIRE) — 12/19/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect” or “Company”) announced today that it has declared a secondfiscal quarter (for the fiscal year ending

Prospect Capital Announces 105% Year-Over-Year Increase in Net Investment Income per Share to a Record $0.80 per Share for Fiscal Quarter Ended September 30, 2008

NEW YORK, NY — (MARKET WIRE) — 11/10/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Company” or “Prospect”) today announced financial results for its firstfiscal quarter ended September 30, 2008. For the

Prospect Capital Announces $20,000,000 Share Repurchase Plan, Updates Net Investment Income Guidance Range to 79 to 87 Cents per Share, and Opens Window for Insider Purchases

NEW YORK, NY — (MARKET WIRE) — 10/09/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that its Board of Directors has approved ashare repurchase plan. Under this plan, Prospect

Prospect Capital Announces Promotion of Brian H. Oswald to Chief Financial Officer and Chief Compliance Officer

NEW YORK, NY — (MARKET WIRE) — 10/03/08 — Prospect Capital Corporation(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that Brian H.Oswald has been promoted to Chief Financial Officer and Treasurer

Prospect Capital Announces 86% IRR on Realization of Net Profits Interests in IEC and ARS for $12.6 Million, Worth 43 Cents per Share of Incremental Revenue to Prospect

NEW YORK, NY — (MARKET WIRE) — 10/01/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that IEC Systems LP (“IEC”) and Advanced RigServices LLC (“ARS”) have purchased Prospect’s net

Prospect Capital Declares 16th Consecutive Quarterly Dividend Increase, Representing a 12.9% Current Dividend Yield

NEW YORK, NY — (MARKET WIRE) — 09/16/08 — Prospect Capital Corporation(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it hasdeclared a first fiscal quarter (for the fiscal year ending