Tortoise
Capital Resources Corp. Announces the Withdrawal of Registration
Statement
FOR
IMMEDIATE RELEASE
OVERLAND
PARK,
Kan. –
Dec. 21, 2007 –Tortoise Capital Resources Corp. (NYSE: TTO)
today announced it has withdrawn its registration statement for a public
offering filed with the Securities and Exchange Commission (SEC) on Aug. 14,
2007.
“Our
portfolio is expected to provide shareholders with a growing distribution
consistent with our initial objectives,” said Tortoise Capital Resources’
President Ed Russell. “Energy infrastructure sector fundamentals are
strong and the portfolio of assets in the fund are generally performing as
expected. However, current market conditions and the resulting impact
on the stock price have hindered the company’s ability to move forward with a
public offering at this time.”
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
Tortoise
Capital Advisors, LLC is a pioneer in 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 sector. As of Nov.
30,
2007, the adviser had approximately $2.9 billion of assets under management.
For
more information, visit our Web site at
www.tortoiseadvisors.com.
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 closed-end fund prospectus and read it carefully before
investing.
Contact
information
Tortoise
Capital Advisors, LLC
Pam
Kearney, Investor Relations, (866)
362-9331, pkearney@tortoiseadvisors.com