Houston, Texas, June 16, 2014 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (NASDAQ: NGPC)
(the "Company") today announced that its Board of Directors has
declared a quarterly dividend to stockholders in the amount of
$0.16 per common share, consistent with the previous seven
quarters. The expected dividend payment date is July 7, 2014
to stockholders of record on June 30, 2014.
Management expects that the dividend will be
paid out of ordinary income for tax purposes. The Company
determines the tax characteristics of its dividend distributions as
of the end of the fiscal year, based on the taxable income for the
full year and distributions paid during the year. The tax
characteristics for dividends paid in 2014 will be reported to each
stockholder on Form 1099-DIV after the end of the year. All
dividend distributions in 2013 were paid from ordinary income.
The Company has an "opt out" dividend
reinvestment plan, or "DRIP," for its stockholders.
Consequently, when the Company declares a cash dividend,
stockholders who have not opted out of the DRIP automatically have
their dividends reinvested in shares of NGPC common stock, rather
than receiving their dividends in cash. A stockholder who has
elected to receive dividends in cash may re-enroll in the DRIP at
any time by notifying the plan administrator.
About NGP Capital Resources
NGP Capital Resources Company is a closed-end,
non-diversified management investment company that has elected to
be regulated as a business development company under the Investment
Company Act of 1940. We principally invest in private
companies and from time to time, we may also invest in public
companies. We invest primarily in senior secured and
mezzanine loans according to our business plan and in some
instances receive equity interests in portfolio companies in
connection with such investments. Our manager is NGP
Investment Advisor, LP, an affiliate of NGP Energy Capital
Management ("NGP ECM"). Founded in 1988, NGP ECM is a premier
investment franchise in the natural resources industry, which
together with its affiliates has managed approximately $13 billion
in cumulative committed capital since inception. NGP ECM's
investment platform includes Natural Gas Partners, NGP Global
Agribusiness Partners, NGP Capital Resources Company and NGP Energy
Technology Partners, L.P.www.ngpenergycapital.com.
This press release may contain forward-looking
statements. We may use words such as "anticipates,"
"believes," "intends," "plans," "expects," "projects," "estimates,"
"will," "should," "may" and similar expressions to identify
forward-looking statements. These forward-looking statements
are subject to various risks and uncertainties. Certain
factors could cause actual results and conditions to differ
materially from those projected, including the uncertainties
associated with the timing of transaction closings, changes in
interest rates, availability of transactions, the future
operating results of our portfolio companies, regulatory factors,
changes in regional, national, or international economic
conditions and their impact on the industries in which we
invest, other changes in the conditions of the industries in which
we invest and other factors enumerated in our filings with the
Securities and Exchange Commission (the "SEC").
You should not place undue reliance on such
forward-looking statements, which speak only as of the date they
are made. We undertake no obligation to update our
forward-looking statements made herein, unless required by law.
Persons considering an investment in NGP Capital
Resources Company should consider the investment objectives, risks,
and charges and expenses of the Company carefully before
investing. Such information and other information about us is
available in our annual report on Form 10-K, in our quarterly
reports on Form 10-Q and in prospectuses we issue from time to time
in connection with our offering of securities. Such materials
are filed with the SEC and copies are available on the SEC's
website, www.sec.gov, and in the Investor Relations section of our
website at www.ngpcrc.com. Prospective investors should read
such materials carefully before investing.
Please send investment proposals to:
NGP Capital Resources Company 713-752-0062
Steve Gardner (email@example.com),
Michael Brown (firstname.lastname@example.org), or
Hans Hubbard (email@example.com).
L. Scott Biar (firstname.lastname@example.org),
Source: NGP Capital Resources Company