PSEC – A Prospect Capital Fund

Prospect Capital Closes Private Offering of $130 Million of 5.375% 5.5-Year Unsecured Convertible Senior Notes

April 16, 2012

NEW YORK, NY – (Marketwire) – 04/16/12 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it has
closed a private placement of 5.5-year unsecured 5.375% Senior
Convertible Notes Due 2017 (…