Tortoise Capital Resources Corp. Announces Tax Characterization of 2011 Distributions
LEAWOOD, Kan.--(BUSINESS WIRE)-- Tortoise Capital Resources Corp. (NYSE: TTO) today announced the tax characterization of the 2011 distributions paid to stockholders, which were comprised of 100 percent qualified dividend income.
Additional information regarding the tax characterization of the 2011 distributions is available at www.tortoiseadvisors.com. A copy of the information is also available upon request by calling (866) 362-9331.
Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.
About Tortoise Capital Resources Corp.
Tortoise Capital Resources Corp. (NYSE: TTO) is an energy infrastructure asset financing company that seeks to provide capital to pipeline, storage and power transmission operators by acquiring or financing the development of real property assets, which will qualify for Real Estate Investment Trust ownership. TTOs portfolio includes companies and real assets with long-term, stable cash flows, limited commodity price sensitivity, and growth opportunities. TTO is externally managed by Corridor InfraTrust Management.
About Corridor InfraTrust Management
Corridor InfraTrust Management, LLC is an asset manager specializing in financing the acquisition or development of real property infrastructure assets. Corridor is Manager of Tortoise Capital Resources Corp (TTO), and is working to transition TTO to become a REIT. Corridor is an affiliate of Tortoise Capital Advisors, L.L.C., an investment manager specializing in listed energy infrastructure investments with approximately $7.6 billion of assets under management as of December 31, 2011. For more information, visit Corridors website at www.corridortrust.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.
Tortoise Capital Advisors, L.L.C.
Pam Kearney, 866-362-9331
Source: Tortoise Capital Resources Corp.Copyright Business Wire 2012