Prospect Capital Monitor, Sponsored by UNITE HERE, Launches Website on Prospect Capital Corporation

Website and Series of Reports to Provide Financial Analysis on PSEC and BDC Sector

NEW YORK, Oct. 11, 2013 /PRNewswire-USNewswire/ -- Prospect Capital Monitor has launched a website and the first in a series of reports which will provide financial analysis on Prospect Capital Corp., a business development company (BDC). The first report, titled Prospect Capital Trails Other Prominent BDCs in Total Shareholder Return, discusses PSEC in relation to the fifteen largest, publicly traded BDCs. Prospect Capital Monitor, independent of the company, aims to be a valuable resource for investors and potential investors about PSEC and the BDC sector.

Prospect Capital Monitor's first report finds that Prospect Capital performed second worst in terms of total return of the fifteen largest publicly traded BDCs during the twelve months ending on September 23, 2013. Shareholders of nine of these fifteen BDCs would have benefited from both share price growth and from dividends during the time period. On the other hand, Prospect Capital's total return was partially lost due to share price depreciation.  Prospect Capital's total shareholder return was 9.1 percentage points lower than the average total shareholder return of the fifteen largest publicly traded BDCs during this time period.

The first report can be viewed here:

http://www.prospectcapitalmonitor.org/wp-content/uploads/PCM-1.pdf

Subsequent reports in the series will explore:

• Prospect Capital's share issuance history and industry comparisons
• Prospect Capital Management's ownership and fee structure
• Prospect Capital's investments in collateralized loan obligations (CLOs)

For more information and updates about PSEC and the BDC sector, go to www.prospectcapitalmonitor.org.

Prospect Capital Corporation is the third largest publicly traded BDC by market capitalization. BDCs typically lend to and exercise equity participation in middle market companies with credit ratings that are below investment grade or are unrated. Such BDCs provide an opportunity for retail investors of any size to participate in high-risk, potentially high-yield investments. BDCs are required to pay out at least 90% of taxable income in dividends in order to qualify as pass-through vehicles that do not pay corporate income tax.

Contact: Nathan Horrell, 212-332-9325 ext. 4325, [email protected]

Prospect Capital Monitor is a website that aims to provide accurate analysis of Prospect Capital Corporation. It was formed in 2013 by UNITE HERE, the union for hospitality workers in North America. Our 250,000 members are beneficiaries of pension funds with over $60 billion in assets. UNITE HERE analysts regularly distribute information about investment managers in the hospitality industry.

SOURCE UNITE HERE