PSEC – A Prospect Capital Fund

Prospect Capital Announces Pricing of $150 Million of 6.25% Five-Year Unsecured Convertible Senior Notes Due December 2015

December 16, 2010

NEW YORK, NY – (MARKET WIRE) – 12/16/10 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today the pricing
of $150 million in aggregate principal amount of five-year unsecured
6.25% Convertible Sen…