PSEC – A Prospect Capital Fund

Prospect Energy Corporation Closes Public Offering of Common Stock Including Over-Allotment Option

January 11, 2007

NEW YORK, NY – (MARKET WIRE) – 01/11/07 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced that it has completed a public
offering of 6,810,000 shares of common stock (including 810,000 shares
pursuant to the exercise by th…