Houston, Sept. 10, 2013 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (NASDAQ: NGPC) (the "Company")today announced that its Board of Directors has engaged Keefe,Bruyette & Woods, a Stifel company ("KBW"), as financialadvisor to the Company in its evaluation of strategic alternativesto enhance stockholder value. The Board of Directors, with theassistance of KBW, will consider a range of options, which mayinclude the sale or merger of the Company, the acquisition ofexisting investment portfolios, or a combination, joint venture orother strategic alliance with another company. Steve Gardner, the Company's President and Chief ExecutiveOfficer said, "We want to explore avenues for accelerating ourprogress. Periodically, we've had discussions with otherparties regarding strategic alternatives. The Board ofDirectors has decided to formalize the process and hire KBW." No decision has been made to enter into a transaction at thistime, and there can be no assurance the Company will enter into atransaction in the future. The Company does not plan to disclose orcomment on developments regarding the strategic review processuntil it is complete or further disclosure is deemedappropriate. About NGP Capital Resources Company NGP Capital Resources Company is a closed-end, non-diversifiedmanagement investment company that has elected to be regulated as abusiness development company under the Investment Company Act of1940. We principally invest in private companies and fromtime to time, we may also invest in public companies. Weinvest primarily in senior secured and mezzanine loans according toour business plan and in some instances receive equity interests inportfolio companies in connection with such investments. Ourmanager is NGP Investment Advisor, LP, an affiliate of NGP EnergyCapital Management ("NGP ECM"). Founded in 1988, NGP ECM is apremier investment franchise in the natural resources industry,which together with its affiliates has managed approximately $13billion in cumulative committed capital since inception. NGP ECM'sinvestment platform includes Natural Gas Partners, NGP GlobalAdaptation Partners, NGP Capital Resources Company and NGP EnergyTechnology Partners, L.P. www.ngpenergycapital.com. Forward-Looking Statements 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-lookingstatements. These forward-looking statements are subject tovarious risks and uncertainties. Certain factors could causeactual results and conditions to differ materially from thoseprojected, including the uncertainties associated with the timingof transaction closings, changes in interest rates, availability oftransactions, the future operating results of our portfoliocompanies, regulatory factors, changes in regional, national, orinternational economic conditions and their impact onthe industries in which we invest, other changes in the conditionsof the industries in which we invest and other factors enumeratedin our filings with the Securities and Exchange Commission (the"SEC").
You should not place undue reliance on such forward-lookingstatements, which speak only as of the date they are made. Weundertake no obligation to update our forward-looking statementsmade herein, unless required by law.Persons considering an investment in NGP Capital ResourcesCompany should consider the investment objectives, risks, andcharges and expenses of the Company carefully beforeinvesting. Such information and other information about us isavailable in our annual report on Form 10-K, in our quarterlyreports on Form 10-Q and in prospectuses we issue from time to timein connection with our offering of securities. Such materialsare filed with the SEC and copies are available on the SEC'swebsite, www.sec.gov, and in theInvestor Relations section of our website at www.ngpcrc.com. Prospectiveinvestors should read such materials carefully beforeinvesting. INVESTMENT CONTACT: Please send investment proposals to: NGP Capital Resources Company 713-752-0062 Steve Gardner ( firstname.lastname@example.org), Michael Brown ( email@example.com), or Hans Hubbard ( firstname.lastname@example.org).
CONTACT: L. Scott Biar (email@example.com), 713-752-0062.