PSEC – A Prospect Capital Fund

Prospect Capital Announces Promotion of Brian H. Oswald to Chief Financial Officer and Chief Compliance Officer

October 3, 2008

NEW YORK, NY – (MARKET WIRE) – 10/03/08 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that Brian H.
Oswald has been promoted to Chief Financial Officer and Treasurer as
of November 11, 200…