PSEC – A Prospect Capital Fund

Prospect Energy Corporation Schedules Fourth Quarter and Fiscal Year 2005 Earnings Release and Conference Call

August 23, 2005

NEW YORK, NY – (MARKET WIRE) – 08/23/05 – Prospect Energy Corporation
(NASDAQ: PSEC) (the “Company”) announced today that it will report its
fourth quarter and fiscal year results for the periods ended June 30,
2005 on Thursday, September 1…