PSEC – A Prospect Capital Fund

Prospect Capital Provides $25.6 Million in Debt Financing for Dividend Recapitalization of IEC/ARS

November 26, 2007

NEW YORK, NY – (MARKET WIRE) – 11/26/07 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has provided
combined debt financing of $25.6 million to IEC Systems LP (“IEC”) and
Advanced Rig Services L…