Also in January 2013, the Company sold its remaining $10.0 million face amount of EP Energy, LLC Senior Unsecured Notes at a price of 113.375 resulting in a realized capital gain of $1.3 million, or $0.06 per common share. The Company's total investment in EP Energy, LLC Senior Unsecured Notes, which began as a $25 million participation in their original issuance in April 2012, generated an internal rate of return of 36.5% with a return on investment of 1.16x.Steve Gardner, President and CEO stated, "We are pleased to report this update in portfolio activity. Like the EP Energy and Midstates investments, the Talos investment represents a highly liquid security, with a reasonable yield and outstanding credit quality. We have been working closely with Spirit and Contour for several months now regarding the restructuring of their credit facilities, and we are happy to report their completion. In both cases, I believe we have improved the credit quality of our investments, providing those businesses with the support and capital they need to be successful, and increasing our opportunity to meaningfully participate in their financial upside. EP Energy, STP, Powder River and Tammany all represent successful exits with solid overall returns. We continue to seek opportunities to expand our portfolio and provide superior returns for our investors."
NGP Capital Resources Company Announces $25 Million New Investment And An Update On Portfolio Activity
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.