PSEC – A Prospect Capital Fund

Prospect Capital Corporation Agrees to Provide Debt and Equity for Accretive Acquisition of First Tower

March 20, 2012

NEW YORK, NY – (MARKET WIRE) – 03/20/12 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that Prospect has entered
into a definitive agreement to provide debt and equity for the
acquisition of the businesses of First Tower C…