LEAWOOD, Kan.--(BUSINESS WIRE)-- Corridor InfraTrust Management, LLC (Corridor) today announced that Director, David Haley, is departing the company for personal reasons. Mr. Haley’s resignation will be effective Oct. 5, 2012, and he is working closely with Corridor management to transition his reponsibilities. Mr. Haley will also be resigning from his position as Senior Vice President of Tortoise Capital Resources Corp. (NYSE: TTO), a public company managed by Corridor.
“David is an exceptional talent and it has been my pleasure to work with him in various capacities for more than 14 years,” said Rick Green, Managing Director for Corridor and Chairman of TTO. “We have no immediate plans to fill Mr. Haley’s position at Corridor or TTO, but will continue to regularly assess our needs for additional management resources.”
About Corridor InfraTrust Management, LLC
Corridor InfraTrust Management, LLC is an asset manager specializing in financing the acquisition or development of real property infrastructure assets (www.corridortrust.com). Corridor is the manager of Tortoise Capital Resources Corp. (NYSE: TTO), an energy infrastructure asset financing company that provides capital to pipeline, storage and power transmission operators. Corridor is an affiliate of Tortoise Capital Advisors, L.L.C., an investment manager specializing in listed energy infrastructure investments with approximately $8.6 billion of assets under management as of Aug. 31, 2012.
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This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the company and Corridor InfraTrust Management, LLC believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the company and Corridor InfraTrust Management, LLC do not assume a duty to update this forward-looking statement. Any distribution paid in the future to our stockholders will depend on the actual performance of the company, its costs of leverage and other operating expenses and will be subject to the approval of the company's Board and compliance with leverage covenants.
Corridor InfraTrust Management, LLC
Rachel Stroer, 913-387-2797
Source: Corridor InfraTrust Management, LLC