PSEC – A Prospect Capital Fund

Prospect Capital Raises Bid for Allied Capital, Further Increasing Premium Over Ares Transaction

January 26, 2010

NEW YORK, NY – (MARKET WIRE) – 01/26/10 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has delivered a
letter to the Board of Directors of Allied Capital Corporation
(“Allied”) raising its offer…