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 CapitalCorporation (NASDAQ: PSEC), we are advised by the company that the currentdividend yield in the headline and second paragraph should read “11.5%”rather than “13.5%” as originally issued. Complete corrected text follows.
Prospect Capital Declares 14th Consecutive Quarterly Dividend Increase,Representing an 11.5% Current Dividend Yield
NEW YORK, NY — March 06, 2008 — Prospect Capital Corporation(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it hasdeclared a third fiscal quarter (for the fiscal year ending June 30, 2008)dividend of $0.40 per share.
This dividend marks the Company’s fourteenth consecutive quarterlyincrease. The dividend now represents an approximately 11.5% currentdividend yield based on the closing stock price for March 5, 2008. Theex-dividend date is Thursday, March 27, 2008. The record date is Monday,March 31, 2008. The payment date is Wednesday, April 16, 2008.
Dividend HistoryDividend Per Share Quarter Ended$0.40March 31, 2008$0.395December 31, 2007$0.3925September 30, 2007$0.39June 30, 2007$0.3875March 31, 2007$0.385December 31, 2006$0.38September 30, 2006$0.34June 30, 2006$0.30March 31, 2006$0.28December 31, 2005$0.20September 30, 2005$0.15June 30, 2005$0.125March 31, 2005$0.10December 31, 2004
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com/) is a closed-endinvestment company that lends to and invests in private and microcap publicbusinesses. Prospect Capital’s investment objective is to generate bothcurrent income and capital appreciation through debt and equityinvestments.
Prospect Capital has elected to be treated as a business developmentcompany under the Investment Company Act of 1940 (“1940 Act”). We arerequired to comply with a series of regulatory requirements under the 1940Act as well as applicable NASDAQ, federal and state laws and regulations.We have elected to be treated as a regulated investment company under theInternal Revenue Code of 1986. Failure to comply with any of the laws andregulations that apply to Prospect Capital could have a material adverseeffect on Prospect Capital and its shareholders.
This press release contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995. Any suchstatements, other than statements of historical fact, are likely to beaffected by other unknowable future events and conditions, includingelements of the future that are or are not under the Company’s control, andthat the Company may or may not have considered; accordingly, suchstatements cannot be guarantees or assurances of any aspect of futureperformance. Actual developments and results are highly likely to varymaterially from these estimates and projections of the future. Suchstatements speak only as of the time when made, and the Company undertakesno obligation to update any such statement now or in the future.