PSEC – A Prospect Capital Fund

Prospect Capital Announces $20,000,000 Share Repurchase Plan, Updates Net Investment Income Guidance Range to 79 to 87 Cents per Share, and Opens Window for Insider Purchases

October 9, 2008

NEW YORK, NY – (MARKET WIRE) – 10/09/08 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that its Board of
Directors has approved a share repurchase plan. Under this plan,
Prospect may repurchase up to $20,000,000 …