PSEC – A Prospect Capital Fund

Prospect Energy Corporation Provides Business Updates

May 22, 2006

NEW YORK, NY – (MARKET WIRE) – 05/22/06 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that Vastardis Compliance
Services (“Vastardis Compliance”) has informed Prospect that Vastardis
Compliance is windi…