Tortoise
Capital Resources Corp. Announces Dividend Increase and Portfolio
Ratings
FOR
IMMEDIATE RELEASE
OVERLAND
PARK,
Kan. –
Feb. 11, 2008 – The Board of Directors of Tortoise Capital
Resources Corp. (NYSE: TTO), today declared the company’s first quarter 2008
dividend of $0.25 per share compared to $0.23 in the previous quarter. The
dividend will be distributed on March 3, 2008 to stockholders of record on
Feb.
21, 2008.
For
tax
purposes, the character of the dividend will be determined at year-end and
will
be reported to stockholders at the beginning of 2009 on their Form
1099. Based on current financial information, this dividend is
estimated to consist of 100 percent return of capital for book purposes. This
is
subject to change based upon completion of the company's fiscal
year.
Portfolio
Ratings
The
company closely monitors portfolio performance and rates each investment’s risk
profile on a scale of one to three. As of Nov. 30, 2007, all Tortoise Capital
Resources’ portfolio companies achieved a rating of one, meaning portfolio
performance is at or above expectations with trends and risk factors that are
generally favorable to neutral.
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 Jan.
31,
2008, 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