PSEC – A Prospect Capital Fund

Prospect Capital Declares 14th Consecutive Quarterly Dividend Increase, Representing a 13.5% Current Dividend Yield

March 6, 2008

NEW YORK, NY – (MARKET WIRE) – 03/06/08 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it has
declared a third fiscal quarter (for the fiscal year ending June 30,
2008) dividend of $0….