PSEC – A Prospect Capital Fund

Prospect Capital Corporation Closes Acquisition of Patriot Capital

December 2, 2009

NEW YORK, NY – (MARKET WIRE) – 12/02/09 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect,” “we,” “us” or “our”) announced today that
it has completed the acquisition of Patriot Capital Funding, Inc.
(“Patriot”) whereby Patriot merged with and…