PSEC – A Prospect Capital Fund

Prospect Energy Corporation Prices Public Offering of Common Stock

December 15, 2006

NEW YORK, NY – (MARKET WIRE) – 12/15/06 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced that it has entered into an
agreement to sell 6,000,000 shares of common stock at $17.70 per
share, raising $106,200,000 in gross pr…