Houston, Texas, April 22, 2014 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (NASDAQ: NGPC)(the "Company") today announced that its Board of Directors haselected to delay the Company's annual meeting of stockholders untilfurther notice, and has amended the Company's bylawsaccordingly. The Company's bylaws previously required that anannual meeting of stockholders be held during the month of May. In September 2013, the Company engaged Keefe,Bruyette & Woods, a Stifel company ("KBW"), as financialadvisor to the Company in its evaluation of strategic alternativesto enhance stockholder value. Since that announcement, theBoard of Directors, with the assistance of KBW, has considered andcontinues to consider a number of alternative proposals withvarious parties and a variety of structures. The Board hasmade substantial progress in exploring and evaluating manyalternatives and proposals, the diversity and complexity of whichhas resulted in a lengthier process. Steve Gardner, the Company's President and ChiefExecutive Officer said, "We are pleased with the level of interestand participation in our strategic alternatives process. Webelieve that taking the time to investigate the varying proposalspresented to the Company is in the best long-term interest of ourstockholders. We appreciate the patience of our stockholdersas we work through this process." No decision has been made to enter into atransaction at this time, and there can be no assurance that theCompany will enter into a transaction in the future. The Companydoes not plan to disclose or comment on developments regarding thestrategic review process until it is complete or further disclosureis deemed appropriate. About NGP Capital ResourcesCompany NGP Capital Resources Company is a closed-end,non-diversified management investment company that has elected tobe regulated as a business development company under the InvestmentCompany Act of 1940. We principally invest in privatecompanies and from time to time, we may also invest in publiccompanies. We invest primarily in senior secured andmezzanine loans according to our business plan and in someinstances receive equity interests in portfolio companies inconnection with such investments. Our manager is NGPInvestment Advisor, LP, an affiliate of NGP Energy CapitalManagement ("NGP ECM"). Founded in 1988, NGP ECM is a premierinvestment franchise in the natural resources industry, whichtogether with its affiliates has managed approximately $13 billionin cumulative committed capital since inception. NGP ECM'sinvestment platform includes Natural Gas Partners, NGP GlobalAgribusiness Partners, NGP Capital Resources Company and NGP EnergyTechnology Partners, L.P. www.ngpenergycapital.com. Forward-Looking Statements This press release may contain forward-lookingstatements. We may use words such as "anticipates,""believes," "intends," "plans," "expects," "projects," "estimates,""will," "should," "may" and similar expressions to identifyforward-looking statements. These forward-looking statementsare subject to various risks and uncertainties. Certainfactors could cause actual results and conditions to differmaterially from those projected, including the uncertaintiesassociated with the timing of transaction closings, changes ininterest rates, availability of transactions, the futureoperating results of our portfolio companies, regulatory factors,changes in regional, national, or international economicconditions and their impact on the industries in which weinvest, other changes in the conditions of the industries in whichwe invest and other factors enumerated in our filings with theSecurities and Exchange Commission (the "SEC").
You should not place undue reliance on suchforward-looking statements, which speak only as of the date theyare made. We undertake no obligation to update ourforward-looking statements made herein, unless required by law.Persons considering an investment in NGP CapitalResources Company should consider the investment objectives, risks,and charges 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). INVESTOR RELATIONS CONTACT: L. Scott Biar ( email@example.com),713-752-0062.