PSEC – A Prospect Capital Fund

Prospect Capital Provides $27 Million Secured Loan to Support the Acquisition of New Star Metals by Insight Equity and Announces Separate $110 Million New Senior Secured Investment

August 8, 2012

NEW YORK, NY – (Marketwire) – 08/08/12 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that Prospect has provided
a $27 million secured loan to support the acquisition of New Star
Metals Inc. (“New Star”…