PSEC – A Prospect Capital Fund

Prospect Capital Provides $20 Million in Financing for Peerless Mfg Co. Acquisition of Nitram Energy

May 1, 2008

NEW YORK, NY – (MARKET WIRE) – 05/01/08 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has provided debt
financing of $20 million to support the acquisition by Peerless Mfg
Co. (“Peerless”), hea…