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PRESS
RELEASE
NGP
Capital Resources Company Announces
Declaration of Quarterly Dividend
Houston (BusinessWire) - March 18,
2005 – NGP Capital Resources
Company (NASDAQ: NGPC) today announced
that its Board of Directors has
declared a quarterly dividend to
stockholders in the amount of $0.12
per common share. The dividend will
be paid on April 15, 2005 to shareholders
of record on March 31, 2005. The
ex-dividend date is March 29, 2005.
We anticipate that the dividend
will be paid from ordinary income
for tax purposes. The actual tax
characteristics of all dividends
will be reported to each shareholder
on Form 1099 after the end of the
year.
About
NGP Capital Resources Company
NGP
Capital Resources Company is a closed-end
investment company that has elected
to be treated as a business development
company under the Investment Company
Act of 1940. The Company's investment
portfolio will be principally in
energy related private companies.
From time to time, the Company may
also invest in public companies
that are not thinly traded. The
Company expects to invest primarily
in senior secured and mezzanine
loans in furtherance of its business
plan and may receive equity investments
in portfolio companies in connection
with such investments. NGP Capital
Resources Company is managed by
NGP Investment Advisor, LP, an affiliate
of Natural Gas Partners, LLC, a
leading energy sector private equity
investor.
This
press release contains forward-looking
statements. These forward-looking
statements are subject to various
risks and uncertainties, which 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, changes in
regional, national, or international
economic conditions and their impact
on the industries in which we invest,
or changes in the conditions of
the industries in which we invest,
and other factors enumerated in
our filings with the Securities
and Exchange Commission..
We
may use words such as "anticipates,"
"believes," "expects,"
"intends", "will",
"should," "may"
and similar expressions to identify
forward-looking statements. Undue
reliance should not be placed on
such forward-looking statements
as such statements speak only as
of the date on which they are made.
We do not undertake to update our
forward-looking statements 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 the company
will be available in our annual
report on Form 10-K 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, ww.sec.gov.
Prospective investors should read
such materials carefully before
investing.
CONTACT:
Steve Gardner, 713-752-0062 (investor_relations@ngpcrc.com)
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