Tortoise
Capital Resources Corp. Announces 4th
Quarter
Distribution
FOR
IMMEDIATE RELEASE
LEAWOOD,
Kan. –
Nov.
10,
2008 – The Board of Directors of Tortoise Capital Resources Corp. (NYSE: TTO),
today declared the company’s fourth quarter 2008 distribution of $0.265 per
share compared to $0.23 in the same quarter of the prior year. This
represents a
15.2 percent increase over the same quarter of the prior year. The
distribution will be paid on Nov. 28, 2008 to stockholders of record
on Nov. 20,
2008. A portion of this distribution is expected to be treated as
return of capital for income tax purposes, although the ultimate determination
will not be made until determination of our earnings and profits after
our
year-end. Based on current financial information, this distribution
is estimated to consist of 100 percent return of capital for book
purposes.
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 segment, of the U.S. energy infrastructure sector.
Tortoise
Capital Resources seeks to provide stockholders a high level of total
return,
with an emphasis on distributions and distribution 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 Oct. 31,
2008, the adviser had approximately $2.0 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 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.
Forward-Looking
Statement
This
press release contains certain statements that may include “forward-looking
statements” within the meaning of
Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act
of 1934. All statements, other than statements of historical fact,
included
herein are "forward-looking statements." Although the company and Tortoise
Capital Advisors believe that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions,
risks
and uncertainties, and these expectations may prove to be incorrect.
Actual
results could differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those discussed
in the
funds’ reports that are filed with the Securities and Exchange Commission.
You
should not place undue reliance on these forward-looking statements,
which speak
only as of the date of this press release. Other than as required by
law, the
company and Tortoise Capital Advisors do not assume a duty to update
this
forward-looking statement.
Contact
information:
Tortoise
Capital Advisors, LLC
Pam Kearney, Investor Relations, (866) 362-9331,
pkearney@tortoiseadvisors.com