PSEC – A Prospect Capital Fund

Press Release

Prospect Capital Provides $39.8 Million of First and Second Lien Debt and Equity for Recapitalization of Ajax Rolled Ring & Machine

NEW YORK, NY — (MARKET WIRE) — 04/04/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has provided $39.8 million of firstand second lien debt and equity for

Prospect Capital Announces a 17% Realized Cash on Cash IRR Monetization of TLOGH, L.P.

NEW YORK, NY — (MARKET WIRE) — 04/01/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that TLOGH, L.P. (“TLOGH”), has repaidProspect’s $15.5 million loan. Prospect has realized an approximately

Prospect Capital Corporation Announces Commencement of Public Offering of 1,500,000 Shares of Common Stock

NEW YORK, NY — (MARKET WIRE) — 03/26/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) today announced the commencement of a public offering of1,500,000 shares of its common stock, par value

Prospect Capital Provides Financing for Private Equity Sponsor’s Acquisition of American Gilsonite Company

NEW YORK, NY — (MARKET WIRE) — 03/17/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has provided debt financing of $14.5million to support the acquisition by a

Prospect Capital Makes Additional Secured Term C Debt Investment in Unitek

NEW YORK, NY — (MARKET WIRE) — 03/10/08 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has made an additional secured Term Cdebt investment of approximately $6.5 million

\/ CORRECTION – Prospect Capital Corporation

NEW YORK, NY — (MARKET WIRE) — 03/06/08 — In the news release, “Prospect CapitalDeclares 14th Consecutive Quarterly Dividend Increase, Representing a 13.5%Current Dividend Yield,” issued earlier today by Prospect

Prospect Capital Declares 14th Consecutive Quarterly Dividend Increase, Representing a 13.5% Current Dividend Yield

NEW YORK, NY — (MARKET WIRE) — 03/06/08 — 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 a 69% Realized Cash on Cash IRR Monetization of Ken-Tex Energy, Bringing Prospect to Six Successful Realizations to Date Averaging a 61% Cash on Cash IRR

NEW YORK, NY — (MARKET WIRE) — 02/22/08 — Prospect Capital Corporation(NASDAQ: PSEC) (“Prospect”) announced today that Ken-Tex Energy Corp.(“Ken-Tex”), has repaid Prospect’s $10.8 million loan to Ken-Tex. Prospecthas also

Prospect Capital Announces Financial Results for Second Fiscal Quarter Ended December 31, 2007

NEW YORK, NY — (MARKET WIRE) — 02/12/08 — Prospect Capital Corporation (NASDAQ: PSEC)today announced financial results for its second fiscal quarter endedDecember 31, 2007. Our net investment income, excluding

Prospect Capital Declares 13th Consecutive Quarterly Dividend Increase (Representing a 14.1% Current Dividend Yield), Updates Guidance, and Announces Monetization Strategy

NEW YORK, NY — (MARKET WIRE) — 12/18/07 –Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect” or “Company”) announced today that it has declared a secondfiscal quarter (for the fiscal year ending June