PSEC – A Prospect Capital Fund

News

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

Prospect Energy Corporation Provides Senior Secured Debt Financing to Natural Gas Systems, Inc.

NEW YORK, NY — (MARKET WIRE) — 02/03/05 — Prospect Energy Corporation (NASDAQ: PSEC)(“Prospect”) announced today that it has agreed to provide up to $4.8million of senior secured debt financing

Prospect Energy Corporation Provides Financing to Unity Virginia Holdings

NEW YORK, NY — (MARKET WIRE) — 02/01/05 — Prospect Energy Corporation (NASDAQ: PSEC)announced today that it has provided $3,900,000 in financing to UnityVirginia Holdings LLC (“UVH”). The financing is

Prospect Energy Corporation Announces Appointment of Officers and Approval of BDO Seidman Engagement

NEW YORK, NY — (MARKET WIRE) — 01/10/05 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that it has expanded its professional teamto enhance its financial and compliance capabilities,

Prospect Energy Corporation Announces Refinancing of Gas Solutions

NEW YORK, NY — (MARKET WIRE) — 12/27/04 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that its portfolio investment Gas SolutionsII Ltd. (“Gas Solutions”) has closed a senior

Prospect Energy Corporation Announces $0.10 Cash Dividend and September 30, 2004 Financial Results

NEW YORK, NY — (MARKET WIRE) — 11/11/04 — Prospect Energy Corporation (NASDAQ: PSEC)today announced financial results for its first fiscal quarter endedSeptember 30, 2004. PSEC commenced operations on July

Prospect Energy Corporation Schedules First Fiscal Quarter Earnings Release and Conference Call for the Period Ended September 30, 2004

NEW YORK, NY — (MARKET WIRE) — 11/02/04 — Prospect Energy Corporation (NASDAQ: PSEC)(the “Company”) announced today that the Company will report earnings atapproximately 4:00 p.m. (Eastern Time) on Thursday,

Prospect Energy Corporation Finances Acquisition of East Texas Gas Processing Business

NEW YORK, NY — 09/27/2004 Prospect Energy Corporation (NASDAQ: PSEC) announced today that it has provided financing of approximately $30,000,000 for the acquisition of Gas Solutions, Ltd. in White Oak,

Prospect Energy Corporation Announces Expansion of Investment Team

NEW YORK, NY — (MARKET WIRE) — 09/10/04 — Prospect Energy Corporation (NASDAQ: PSEC)announced today that its investment advisor, Prospect Capital Management,LLC, has expanded its investment team to enhance its

Prospect Energy Corporation Announces Initial Public Offering of 7,000,000 Shares

New York, New York July 29, 2004 (Market Wire) Prospect Energy Corporation (PSEC) announced that it priced its initial public offering of 7,000,000 shares of common stock at $15.00 per