PSEC – A Prospect Capital Fund

Press Release

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

Prospect Energy Corporation Makes Senior Secured Debt Investment in Cypress Consulting Services, Inc.

NEW YORK, NY — (MARKET WIRE) — 09/07/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has made a $4.3 million senior securedinvestment in Cypress Consulting Services, Inc.

Prospect Energy Corporation Sponsors Buyout of NRG Manufacturing, Inc., as Sole Source Capital Solution

NEW YORK, NY — (MARKET WIRE) — 09/05/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that Prospect has acquired a controllingequity interest in and has provided senior secured debt

Prospect Energy Corporation Closes Public Offering of Common Stock Including Over-Allotment Option

NEW YORK, NY — (MARKET WIRE) — 08/28/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced that it has completed a public offering of 5,716,650shares of common stock (including 745,650 shares

Prospect Energy Corporation Prices Public Offering of Common Stock

NEW YORK, NY — (MARKET WIRE) — 08/10/06 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced that it priced a public offering of4,971,000 shares of common stock at $15.30 per share,

Prospect Energy Corporation Increases Quarterly Dividend to $0.38 per Share, Representing 90% Year Over Year Growth

NEW YORK, NY — (MARKET WIRE) — 07/31/06 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced today that it has declared a firstfiscal quarter (for the fiscal year ending June 30,

Prospect Energy Corporation Closes Larger $50 Million Revolving Credit Facility

NEW YORK, NY — (MARKET WIRE) — 07/26/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that Prospect has closed a $50 millionrevolving credit facility (the “Facility”) with HSH Nordbank

William J. Gremp Joins Prospect Energy Corporation’s Board of Directors

NEW YORK, NY — (MARKET WIRE) — 07/20/06 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced today that William J. Gremp hasjoined Prospect’s Board of Directors. “We are delighted to have

Prospect Energy Corporation Increases Quarterly Dividend to $0.34 per Share, Representing 127% Year Over Year Growth

NEW YORK, NY — (MARKET WIRE) — 06/14/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has declared a fourth fiscal quarter(for the fiscal year ending June 30,

Prospect Energy Corporation Provides Business Updates

NEW YORK, NY — (MARKET WIRE) — 05/22/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that Vastardis Compliance Services (“VastardisCompliance”) has informed Prospect that Vastardis Compliance is windingdown its