PSEC – A Prospect Capital Fund

Prospect Capital Invests $53 Million of Debt and Equity to Recapitalize Valley Electric

January 4, 2013

NEW YORK, NY – (Marketwire) – 01/04/13 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that Prospect has funded a
recapitalization of Valley Electric Company of Mt. Vernon, Inc.
(“Valley” or the “Co…