PSEC – A Prospect Capital Fund

Prospect Capital Makes $18 Million Second Lien Debt Investment in Shearer’s

November 6, 2007

NEW YORK, NY – (MARKET WIRE) – 11/06/07 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has made a second
lien debt investment of $18 million in Shearer’s Foods, Inc.
(“Shearer’s”), a l…