HOUSTON, March 11, 2011 (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 $0.18 per common share. The expected dividend payment date is April 8, 2011 to stockholders of record on March 31, 2011. It is expected that the dividend will be paid out of ordinary income for tax purposes. The tax characteristics of all dividends will be reported to each stockholder on Form 1099 after the end of the year.
The Company also announced its financial results for the fourth quarter and full year 2010.
Highlights for the year ended 2010:
|Stockholders' equity: $235.7 million|
|Net asset value per share: $10.90|
|Net increase in stockholders' equity (net assets) from operations: $10.5 million|
|Net investment income: $11.2 million|
|Net realized capital loss on portfolio securities and commodity derivative instruments before income taxes: $33.3 million|
|Net decrease in unrealized depreciation on portfolio securities and commodity derivative instruments before income taxes: $31.2 million|
|Dividends declared per common share: $0.69|
|Portfolio and Investment Activity:|
|New investments made in portfolio companies during period: $59.4 million|
|Total invested in portfolio companies at December 31, 2010: $242.6 million|
|Number of portfolio companies at December 31, 2010: 20|