PSEC – A Prospect Capital Fund

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

August 28, 2006

NEW YORK, NY – (MARKET WIRE) – 08/28/06 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced that it has completed a public
offering of 5,716,650 shares of common stock (including 745,650 shares
pursuant to the exercise in fu…