PSEC – A Prospect Capital Fund

Prospect Capital Agrees to Acquire Patriot Capital for $197 Million, or 54% of Equity Book Value

August 3, 2009

NEW YORK, NY – (MARKET WIRE) – 08/03/09 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has entered into a
definitive agreement to acquire Patriot Capital Funding, Inc. (NASDAQ:
PCAP) (“Patriot”)…