PSEC – A Prospect Capital Fund

Prospect Capital Files Preliminary Proxy Statement With SEC in Opposition to Ares/Allied Merger as Part of Enhanced Bid for Allied Capital

February 1, 2010

NEW YORK, NY – (MARKET WIRE) – 02/01/10 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) on Friday, January 29, 2010 filed with the
Securities and Exchange Commission a preliminary proxy statement in
opposition to the proposed mer…