PSEC – A Prospect Capital Fund

Press Release

Prospect Energy Corporation Announces Financial Results for Second Fiscal Quarter Ended December 31, 2005 and Provides Guidance for Third Fiscal Quarter

NEW YORK, NY — (MARKET WIRE) — 02/09/06 — Prospect Energy Corporation (NASDAQ: PSEC)today announced financial results for its second fiscal quarter endedDecember 31, 2005. Our net investment income for

Prospect Energy Corporation Provides Senior Secured Debt Financing to Genesis Coal Corporation

NEW YORK, NY — (MARKET WIRE) — 02/09/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has provided $6,925,000 of seniorsecured debt financing to Genesis Coal Corporation (“Genesis”),

Prospect Energy Corporation Schedules Second Fiscal Quarter 2006 Earnings Release and Conference Call

NEW YORK, NY — (MARKET WIRE) — 01/27/06 — Prospect Energy Corporation (NASDAQ: PSEC);(the “Company”) announced today that it will report its second fiscalquarter 2006 results for the period ended

Prospect Energy Corporation Increases Quarterly Dividend by 40% to $0.28 per Share

NEW YORK, NY — (MARKET WIRE) — 12/12/05 — 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 Release of Segregated Funds

NEW YORK, NY — (MARKET WIRE) — 12/05/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that Citibank Texas, N.A. (“Citibank”) hasreleased the $9.6 million of cash that Citibank had

Prospect Energy Corporation Announces Recommendation by Court for Dismissal of Dallas Gas Partners Lawsuit

NEW YORK, NY — (MARKET WIRE) — 11/30/05 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company” or “Prospect”) announced today that the United StatesMagistrate Judge for the United States District Court

Prospect Energy Corporation Announces Financial Results for Fiscal First Quarter Ended September 30, 2005 and Provides Guidance for Second Fiscal Quarter

NEW YORK, NY — (MARKET WIRE) — 11/09/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect Energy,” “the Company” or “we”) today announced financialresults for its first fiscal quarter ended September 30,

Prospect Energy Corporation Schedules First Fiscal Quarter 2006 Earnings Release and Conference Call

NEW YORK, NY — (MARKET WIRE) — 10/28/05 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that it will report its first fiscalquarter 2006 results for the period ended

Prospect Energy Corporation Provides Senior Secured Debt Financing to Worcester Energy Partners, Inc.

NEW YORK, NY — (MARKET WIRE) — 09/28/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has provided $10.75 million of seniorsecured debt financing to Worcester Energy Partners,

Prospect Energy Corporation Announces Financial Results for Fiscal Year Ended June 30, 2005, Dividend of $0.20 Per Share for First Quarter and Additional Investment into Stryker Energy II, LLC

NEW YORK, NY — (MARKET WIRE) — 09/15/05 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect Energy,” “the Company” or “we”) today announcedfinancial results for its fourth fiscal quarter and first fiscal