Prospect’s Real Estate Credit Strategy Now Available to Approximately 176,000 Financial Representatives and Advisors via Digital Alternatives Platforms iCapital, SUBSCRIBE, and SEI Access

To date, financial representatives and advisors have been able to access otherclosed-end investment company and business development company products managed by the experienced team at Prospect on these marketplaces, and now financial representatives and advisors will now be able to also access real estate credit strategies managed by Prospect and its affiliates.

Prospect is pleasedto expandits presence on digital alternative investment platforms, demonstratingProspect’s ongoingcommitment to utilize technology to support and scale Prospect’sofferings.

Through its real estate credit platform, Prospect leverages its extensive real estate experience to target real estate credit investments collateralized by cash-flowing multifamily and other commercial assets. To date, Prospect’s real estate credit platform has investedin three stabilized, Class-A multifamily properties located in Scottsdale, AZ, Brooklyn, NY, and New Rochelle NY.

For more information on the Prospect real estate credit platform, please email REinvestorrelations@prospectcap.com.

About Prospect Capital Management L.P. (“Prospect”)

Prospect is an SEC-registered investment adviser headquartered in New York City that, along with its predecessors and affiliates, has 38years of experience investing in and managing debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 150 professionals and offer investment opportunities across credit, private equity, and real estate. Prospect, together with its affiliates, has $7.3 billion of regulatory assets under management as of September 30, 2025.

Prospect and its affiliates’ real estate platform invests in U.S. commercial real estate including senior mortgages, subordinated loans, preferred and other equity investments.As of September 30, 2025, Prospect and its affiliates have invested in over 32,000 multifamily units with initial property value of $3.9 billion and have realized 38 multifamily investments.

Disclaimers:

Prospective investors should read the Confidential Private Placement Memorandum of PCRED in its entirety before making a decision to invest.

There is no guarantee that PCRED’s objectives will be met or that PCRED will qualify as a REIT

All investments involve risk, including the risk of loss of all or a portion of the invested amount. Any investment is subject to a variety of risks and there can be no assurance that any investment will meet its investment objectives, if any, or that investors will not incur losses.

Investing in the Fund during a private placement is speculative and involves a high degree of risk, including the risk that you may receive little or no return on your investment or that you may lose part or all ofyour investment. A private placement has a relative lack of liquidity and is suitable only for persons of substantial financial means who have no need for liquidity. There can be no assurance that the Fund’s investment objective will be met. An investor should carefully consider the fees and expenses and other information found in the Confidential Private Placement Memorandum (PPM), including the “Risk Factors” section, before making an investment decision.

These and other risks may impact PCRED’s financial condition, operating results, returns to investors, and ability to make distributions as stated in the PPM. This investment is for Accredited Investors only and a PPM can be provided to those Accredited Investors upon request.

Ultimus Fund Distributors (Member FINRA/SIPC) is the Dealer Manager for Prospect Credit REIT.

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