PSEC – A Prospect Capital Fund

Prospect Energy Corporation Increases Quarterly Dividend to $0.385 per Share, Representing 38% Year Over Year Growth

December 15, 2006

NEW YORK, NY – (MARKET WIRE) – 12/15/06 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has declared a
second fiscal quarter (for the fiscal year ending June 30, 2007)
dividend of $0.385 per share, payable …