PSEC – A Prospect Capital Fund

News

Prospect Provides Acquisition and Growth Financing to ESA Environmental

NEW YORK, NY — (MARKET WIRE) — 04/12/07 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced today that it has providedacquisition and growth financing of approximately $12.2 million to ESAEnvironmental Specialists,

Prospect Provides Acquisition Financing to C&J Cladding

NEW YORK, NY — (MARKET WIRE) — 04/02/07 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has provided acquisition financing of$6 million to support the purchase of C&J

Prospect Energy Corporation Increases Quarterly Dividend to $0.3875 per Share, Representing 29% Year Over Year Growth

NEW YORK, NY — (MARKET WIRE) — 03/14/07 — Prospect Energy Corporation(NASDAQ: PSEC) (“Prospect”) announced today that it has declared a thirdfiscal quarter (for the fiscal year ending June 30,

Prospect Energy Corporation Announces Repayment of Investment in Cypress Consulting Services, Inc.

NEW YORK, NY — (MARKET WIRE) — 02/12/07 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it expects repayment of, and a gain on,Prospect’s $4.3 million debt investment in

Prospect Energy Corporation Announces Financial Results for Second Fiscal Quarter Ended December 31, 2006

NEW YORK, NY — (MARKET WIRE) — 02/09/07 — Prospect Energy Corporation (NASDAQ: PSEC)today announced financial results for our second fiscal quarter endedDecember 31, 2006. Our net investment income for

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 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 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 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

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

Prospect Energy Corporation Expands Credit Facility

NEW YORK, NY — (MARKET WIRE) — 05/11/06 — Prospect Energy Corporation (NASDAQ: PSEC),(“Prospect”) announced today that it has increased its existing revolvingcredit facility (the “Facility”) to $30 million. Bank

Prospect Energy Corporation Announces Financial Results for Third Fiscal Quarter Ended March 31, 2006

NEW YORK, NY — (MARKET WIRE) — 05/10/06 — Prospect Energy Corporation (NASDAQ: PSEC)today announced financial results for its third fiscal quarter ended March31, 2006. Our net investment income for

Prospect Energy Corporation Makes Initial Senior Secured Debt Investment in Conquest Cherokee LLC

NEW YORK, NY — (MARKET WIRE) — 05/09/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has made an initial $3.5 millionsenior secured debt investment in Conquest Cherokee

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

NEW YORK, NY — (MARKET WIRE) — 04/26/06 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that it will report its third fiscalquarter 2006 results for the period ended

Prospect Energy Corporation Makes Senior Secured Debt Investment in Central Illinois Energy, LLC

NEW YORK, NY — (MARKET WIRE) — 04/25/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has made an $8 million senior secureddebt investment in Central Illinois Energy,

Prospect Energy Corporation Makes Senior Secured Debt Investment in Iron Horse Coiled Tubing Inc.

NEW YORK, NY — (MARKET WIRE) — 04/24/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has made a $9.25 million seniorsecured debt investment in Iron Horse Coiled

Prospect Energy Corporation Makes Senior Debt Investment in Charlevoix Energy Trading, LLC

NEW YORK — (MARKET WIRE) — 04/20/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has made a $5.5 million senior debtinvestment in Charlevoix Energy Trading, LLC (“Charlevoix”),

Prospect Energy Corporation Increases Quarterly Dividend to $0.30 per Share

NEW YORK, NY — (MARKET WIRE) — 03/15/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has declared a third fiscal quarter(for the fiscal year ending June 30,

Prospect Energy Corporation Enters Into Initial Revolving Credit Facility

NEW YORK, NY — (MARKET WIRE) — 02/21/06 — Prospect Energy Corporation (NASDAQ: PSEC)announced today that it has entered into an initial revolving creditfacility (the “Facility”) with Bank of Montreal

Prospect Energy Corporation Announces Dismissal of All Dallas Gas Partners Claims

NEW YORK, NY — (MARKET WIRE) — 02/21/06 — Prospect Energy Corporation (NASDAQ: PSEC)announced today that the United States District Judge for the United StatesDistrict Court for the Southern District

Prospect Energy Corporation Makes Senior Secured Debt and Preferred Equity Investment in Appalachian Energy Holdings, LLC

NEW YORK, NY — (MARKET WIRE) — 02/15/06 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has made a $3.0 million senior secureddebt and a $0.2 million preferred

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 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 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

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