PSEC – A Prospect Capital Fund

Press Release

Prospect Energy Corporation Schedules Fourth Quarter and Fiscal Year 2005 Earnings Release and Conference Call

NEW YORK, NY — (MARKET WIRE) — 08/23/05 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that it will report its fourth quarter andfiscal year results for the periods

Prospect Energy Corporation Provides Senior Secured Debt Financing to Arctic Acquisition Corp.

NEW YORK, NY — (MARKET WIRE) — 07/19/05 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced today that it has agreed to provide$9.25 million of senior secured debt financing to Arctic

Prospect Energy Corporation Announces March 31, 2005 Financial Results

NEW YORK, NY — (MARKET WIRE) — 05/13/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect Energy,” “the Company” or “we”) today announced financialresults for its third fiscal quarter ended March 31,

Prospect Energy Corporation Provides Senior Secured Convertible Debt Financing to Miller Petroleum, Inc.

NEW YORK, NY — (MARKET WIRE) — 05/09/05 — Prospect Energy Corporation (NASDAQ: PSEC),(“Prospect”) announced today that it has agreed to provide $3.15 million ofsenior secured debt financing to Miller

Prospect Energy Corporation Schedules Third Fiscal Quarter Earnings Release and Conference Call for the Period Ended March 31, 2005

NEW YORK, NY — (MARKET WIRE) — 04/28/05 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that the Company will report earningsbefore the opening of the markets at 9:30

Prospect Energy Corporation Announces Increase in Cash Dividend to $0.15 per Share and Expansion of Management Role of Mr. William Vastardis

NEW YORK, NY — (MARKET WIRE) — 04/21/05 — Prospect Energy Corporation (NASDAQ: PSEC),(“Prospect” or “Company”) announced today that its Board of Directors hasapproved a dividend of $0.15 per share

Prospect Energy Corporation Provides Senior Secured Debt and Preferred Equity Financing to Whymore Coal Company

NEW YORK, NY — (MARKET WIRE) — 04/14/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has provided $4.9 million of seniorsecured debt and preferred equity financing to

Prospect Energy Corporation Provides Senior Secured Debt and Equity Financing to Stryker Energy II, LLC

NEW YORK, NY — (MARKET WIRE) — 04/11/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has provided $9.8 million of seniorsecured debt and equity financing to Stryker

Prospect Energy Corporation Announces $0.125 Cash Dividend and December 31, 2004 Financial Results

NEW YORK, NY — (MARKET WIRE) — 02/09/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect Energy,” “the Company” or “we”) today announced financialresults for its second fiscal quarter ended December 31,

Prospect Energy Corporation Schedules Second Fiscal Quarter Earnings Release and Conference Call for the Period Ended December 31, 2004

NEW YORK, NY — (MARKET WIRE) — 02/07/05 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that the Company will report earningsbefore the opening of the markets at 9:30