PSEC – A Prospect Capital Fund

Prospect Energy Corporation Announces Changes in Board of Directors

September 21, 2006

NEW YORK, NY – (MARKET WIRE) – 09/21/06 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that F. Lee Liebolt, Jr.
has joined Prospect’s Board of Directors. “We are pleased to announce
the appointment of Le…