Prospect Capital Corporation

Offer to Purchase for Cash
any and all outstanding
$342,947,000 3.706% Notes due 2026
(CUSIP No. 74348TAU6)

Title of Security	CUSIP / ISIN Nos.	Outstanding Principal Amount	Purchase Price(1)
3.706% Notes due 2026	74348TAU6 / US74348TAU60	$342,947,000	$990.00

Prospect Capital Corporation (the “Company”) hereby offers to purchase for cash (the “Tender Offer”) any and all of the $342,947,000 aggregate principal amount of 3.706% Notes due 2026 (the “Securities”) validly tendered and accepted in accordance with the terms of and subject to the conditions set out in this offer to purchase (as may be amended or supplemented from time to time, the “Offer to Purchase”). The Tender Offer will expire at 5:00 p.m., New York City time, on April 17, 2025, or any other date and time to which the Company extends the Tender Offer (such date and time, as it may be extended, the “Expiration Time”), unless earlier terminated, in the Company’s sole discretion. You must validly tender your Securities prior to or at the Expiration Time to be eligible to receive the Purchase Price (as defined below) plus Accrued Interest (as defined below), which will be payable on the Settlement Date (as defined herein).

Securities tendered pursuant to the Tender Offer may be withdrawn prior to or at, but not after, 5:00 p.m., New York City time, on April 17, 2025 (such date and time, as they may be extended with respect to the Securities, the “Withdrawal Deadline”). The Tender Offer is subject to the satisfaction or waiver of certain conditions, as set forth under the heading “Tender Offer—Conditions of the Tender Offer.”