PSEC – A Prospect Capital Fund

Prospect Capital Corporation Agrees to Acquire Nicholas Financial, Inc. in a $340 Million Transaction Pro Forma Earnings Accretive to Prospect

December 18, 2013

NEW YORK, NY – (Marketwired) – 12/18/13 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that Prospect has entered
into a definitive agreement to acquire 100% of the common stock of
Nicholas Financial, Inc. (NASDAQ: NICK) (“…