PSEC – A Prospect Capital Fund

Prospect Energy Corporation Increases Quarterly Dividend to $0.30 per Share

March 15, 2006

NEW YORK, NY – (MARKET WIRE) – 03/15/06 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has declared a
third fiscal quarter (for the fiscal year ending June 30, 2006)
dividend of $0.30 per share, payable on…