PSEC – A Prospect Capital Fund

Prospect Energy Corporation Increases Quarterly Dividend by 40% to $0.28 per Share

December 12, 2005

NEW YORK, NY – (MARKET WIRE) – 12/12/05 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has declared a
second fiscal quarter (for the fiscal year ending June 30, 2006)
dividend of $0.28 per share, payable o…