[LOGO] Tortoise Capital Resources Corporation
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Tortoise Capital Resources Corp. Announces Filing of Resale
Registration Statement
FOR IMMEDIATE RELEASE
OVERLAND PARK, Kan. - May 11, 2007 - Tortoise Capital Resources Corp. (NYSE:
TTO) today announced that the company filed a resale registration statement
covering securities issued in private placements prior to the company's initial
public offering (IPO).
The securities registered for resale are the common stock and warrants issued by
the company in December 2005 and January 2006 in the company's initial private
placement, the warrants issued in December 2006, and the common stock issuable
upon exercise of the warrants.
The company will not receive any proceeds from the securities registered for
resale, other than cash consideration in connection with the exercise of the
warrants.
"While we do not expect a significant amount of these securities to be sold
immediately once the registration statement becomes effective, we believe it is
appropriate to provide the same level of market access to our pre-IPO investors
that is currently enjoyed by those who purchased our stock in the IPO," said
Tortoise Capital Resources President, Ed Russell.
About Tortoise Capital Resources Corp.
Tortoise Capital Resources invests primarily in privately-held and micro-cap
public companies operating in the midstream and downstream segments, and to a
lesser extent the upstream segments of the U.S. energy infrastructure sector.
Tortoise Capital Resources seeks to provide stockholders a high level of total
return, with an emphasis on dividends and dividend growth.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, LLC, the adviser to Tortoise Capital Resources Corp.,
is a pioneer in the capital markets for master limited partnership (MLP)
investment companies and a leader in closed-end funds and separately managed
accounts focused on MLPs in the energy infrastructure sector. As of April 30,
2007, the adviser had approximately $2.9 billion of assets under management.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to
buy, nor shall there be any sale of the securities in any state or jurisdiction
in which such offer or solicitation or sale would be unlawful prior to
registration or qualification under the laws of such state or jurisdiction.
Investors should consider the investment objective, risks, charges and expenses
of the fund carefully before investing. For this and other important
information, investors should refer to the prospectus supplement and
accompanying prospectus, and read them carefully before investing.
Contact information
Tortoise Capital Advisors, LLC
Pam Kearney, Investor Relations, (866) 362-9331, pkearney@tortoiseadvisors.com
10801 Mastin Boulevard, Suite 222 | Overland Park, KS 66210 | p: 913.981.1020 |
f: 913.981.1021 | www.tortoiseadvisors.com