Tortoise
Capital Resources Corp. Announces Dividend Increase
FOR
IMMEDIATE RELEASE
OVERLAND
PARK,
Kan. –
August 13, 2007 – The Board of Directors of Tortoise Capital
Resources Corp. (NYSE: TTO), today declared the company’s third quarter dividend
of $0.18 per share, compared to $0.16 in the previous quarter. The
dividend will be distributed on Sept. 4, 2007 to stockholders of record on
Aug.
23, 2007. This represents a 12.5 percent increase over the
distribution for the prior quarter.
For
tax
purposes, the character of the dividend will be determined at year-end and
will
be reported to stockholders at the beginning of 2008 on their Form
1099. Based on current company financial information, a significant
portion of this dividend is estimated to consist of return of capital for book
purposes. This is subject to change based upon completion of the company's
fiscal year.
About
Tortoise Capital Resources Corp.
Tortoise
Capital Resources Corp. invests primarily in privately-held and micro-cap public
companies operating in the midstream and downstream segments, and to a lesser
extent the upstream segment of the U.S. energy infrastructure sector. Tortoise
Capital Resources Corp. 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 the energy sector. As of July 31, 2007, the adviser had over $3.1
billion of energy 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 these 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.
Contact
information:
Tortoise
Capital Advisors, LLC
Pam
Kearney, Investor Relations, (866) 362-9331, pkearney@tortoiseadvisors.com