PSEC – A Prospect Capital Fund

Prospect Capital Declares 13th Consecutive Quarterly Dividend Increase (Representing a 14.1% Current Dividend Yield), Updates Guidance, and Announces Monetization Strategy

December 18, 2007

NEW YORK, NY – (MARKET WIRE) – 12/18/07 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it has
declared a second fiscal quarter (for the fiscal year ending June 30,
2008) dividend of $0…