PSEC – A Prospect Capital Fund

Prospect Energy Corporation Announces Increase in Cash Dividend to $0.15 per Share and Expansion of Management Role of Mr. William Vastardis

April 21, 2005

NEW YORK, NY – (MARKET WIRE) – 04/21/05 – Prospect Energy Corporation
(NASDAQ: PSEC), (“Prospect” or “Company”) announced today that its
Board of Directors has approved a dividend of $0.15 per share to
holders of record on June 10…