PSEC – A Prospect Capital Fund

Prospect Capital Closes Private Offering of $400 Million of 4.75% 6-Year Unsecured Convertible Senior Notes

April 11, 2014

NEW YORK, NY – (Marketwired) – 04/11/14 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it has
closed a private placement of 6-year unsecured 4.75% Senior
Convertible Notes Due 2020 (th…