PSEC – A Prospect Capital Fund

Prospect Capital Declares 16th Consecutive Quarterly Dividend Increase, Representing a 12.9% Current Dividend Yield

September 16, 2008

NEW YORK, NY – (MARKET WIRE) – 09/16/08 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it has
declared a first fiscal quarter (for the fiscal year ending June 30,
2009) dividend of $0….