Equus Total Return, Inc. Announces First Quarter Net Asset Value
May 15 2007 - 7:13PM
PR Newswire (US)
HOUSTON, May 15 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) (the "Fund") reports net assets as of March 31, 2007, of
$92.09 million, or $11.21 per share. Comparative data is summarized
below: 3/31/07 12/31/06 3/31/06 ----------- ----------- -----------
Net assets $92,097,959 $93,235,863 $80,065,212 Shares Outstanding
8,216,899 8,164,249 8,106,365 Net assets per share $11.21 $11.42
$9.88 Significant events for the quarter were as follows: *
Approval of Stockholder Proposals. In March 2007, the Fund's
stockholders approved a proposal authorizing the Fund to offer and
sell, or to issue rights to acquire, shares of its common stock at
a price below net asset value. In addition, stockholders approved
an increase in the number of authorized shares of common stock from
25,000,000 to 50,000,000. * Dividend. On March 30, 2007, in
accordance with the Fund's managed distribution policy, the Fund
paid a $.0125 per share dividend in the form of cash and stock. *
Entertainment. In January 2007, the Fund announced a development
financing agreement with Kopelson Entertainment through Equus Media
Development Company, LLC for the purchase of creative material to
be used for media development projects including the production of
motion pictures. The Fund had approximately $43 million in cash at
the end of the quarter. Equus Total Return, Inc. is a business
development company that trades as a closed-end fund on the New
York Stock Exchange, under the symbol "EQS". Additional information
on Equus Total Return, Inc. may be obtained from the Equus website
at http://www.equuscap.com/ . This press release may contain
certain forward-looking statements regarding future circumstances.
These forward-looking statements are based upon the Company's
current expectations and assumptions and are subject to various
risks and uncertainties that could cause actual results to differ
materially from those contemplated in such forward-looking
statements including, in particular, the risks and uncertainties
described in the Company's filings with the Securities and Exchange
Commission. Actual results, events, and performance may differ.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as to the date hereof.
The Company undertakes no obligation to release publicly any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The inclusion of any
statement in this release does not constitute an admission by the
Company or any other person that the events or circumstances
described in such statements are material. CONTACT: Brett Chiles
(713) 529-0900 DATASOURCE: Equus Total Return, Inc. CONTACT: Brett
Chiles of Equus Total Return, Inc., +1-713-529-0900 Web site:
http://www.equuscap.com/
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