PSEC – A Prospect Capital Fund

Press Release

Prospect Energy Corporation Schedules Second Fiscal Quarter Earnings Release and Conference Call

NEW YORK, NY — (MARKET WIRE) — 02/06/07 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that it will report its second fiscalquarter results for the period ended December

Prospect Energy Corporation Announces Characterization of 2006 Dividends

NEW YORK, NY — (MARKET WIRE) — 02/05/07 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that its 2006 dividends of $1.405 per sharewere a distribution of ordinary income.

Prospect Energy Corporation Increases Quarterly Dividend to $0.385 per Share, Representing 38% Year Over Year Growth

NEW YORK, NY — (MARKET WIRE) — 12/15/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has declared a second fiscal quarter(for the fiscal year ending June 30,

Prospect Energy Corporation Announces Financial Results for First Fiscal Quarter Ended September 30, 2006

NEW YORK, NY — (MARKET WIRE) — 11/10/06 — Prospect Energy Corporation (NASDAQ: PSEC)today announced financial results for our first fiscal quarter endedSeptember 30, 2006. Our net investment income for

Prospect Energy Corporation Provides Acquisition Financing to Jettco Marine Services LLC

NEW YORK, NY — (MARKET WIRE) — 11/09/06 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced today that it has provided $6.5million of financing for the acquisition of Jettco Marine Services

Prospect Energy Corporation Schedules First Fiscal Quarter Earnings Release and Conference Call

NEW YORK, NY — (MARKET WIRE) — 11/09/06 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that it will report its first fiscalquarter results for the period ended September

Prospect Energy Corporation Makes Senior Secured Debt Investment in Barnett Shale Gas Development Company TLOGH, L.P. and Announces Follow-on Financing

NEW YORK, NY — (MARKET WIRE) — 11/01/06 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced today that it has made a $15.5million senior secured investment in TLOGH, L.P. (“TLOGH”), a

Prospect Energy Corporation Announces Financial Results for Fiscal Year Ended June 30, 2006

NEW YORK, NY — (MARKET WIRE) — 09/28/06 — Prospect Energy Corporation (NASDAQ: PSEC)today announced financial results for our fiscal year ended June 30, 2006. Our net investment income for

Prospect Energy Corporation Announces Changes in Board of Directors

NEW YORK, NY — (MARKET WIRE) — 09/21/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that F. Lee Liebolt, Jr. has joined Prospect’sBoard of Directors. “We are pleased to

Prospect Energy Corporation Schedules Fiscal Year 2006 Earnings Release and Conference Call

NEW YORK, NY — (MARKET WIRE) — 09/18/06 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that it will report its fiscal year 2006results for the period ended June