Tortoise Capital Resources Withdraws its Election to be Treated as a Business Development Company

Tortoise Capital Resources Corp.

today announced that it filed with the Securities and Exchange Commission the withdrawal of its election to be treated as a business development company. TTO is now focusing on making real asset investments in the U.S. energy infrastructure sector rather than making investments in securities. If TTO finds sufficient, suitable, REIT-qualifying investments during the remainder of 2011 and holds them for calendar year 2012, then TTO could qualify as a REIT for the 2012 tax year. The change follows the earlier authorization by a majority vote at the company's annual stockholder meeting held on April 8, 2011 to enable TTO to make such change at the appropriate time.