PSEC – A Prospect Capital Fund

Prospect Energy Corporation Increases Quarterly Dividend to $0.3875 per Share, Representing 29% Year Over Year Growth

March 14, 2007

NEW YORK, NY – (MARKET WIRE) – 03/14/07 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that it has declared a
third fiscal quarter (for the fiscal year ending June 30, 2007)
dividend of $0.3875 per share, payable …