Equus Total Return, Inc. Announces Third Quarter Net Asset Value
November 14 2007 - 6:11PM
PR Newswire (US)
HOUSTON, Nov. 14 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) (the "Fund") reports net assets as of September 30,
2007, of $87.9 million, or $10.54 per share. Comparative data is
summarized below: 9/30/07 6/30/07 3/31/07 12/31/06 ------- -------
------- -------- Net assets $87,861,656 $92,163,028 $92,097,959
$93,235,863 Shares outstanding 8,333,248 8,265,829 8,216,899
8,164,249 Net assets per share $10.54 $11.15 $11.21 $11.42
Significant events for the quarter were as follows: -- Sports and
Leisure. On August 16, 2007, the Fund made a $2,000,000 equity
follow-on investment in Nickent Golf, Inc. ("Nickent"). Nickent is
a definitive market leader in the rapidly growing and expanding,
hybrid club segment of the golf industry and is an emerging leader
in game-enhancement technology. -- Dividend. On September 24, 2007,
in accordance with the Fund's managed distribution policy, the Fund
paid a $0.125 per share dividend in the form of cash and stock.
Subsequently, on October 4, 2007, the Fund made a $3,000,000
mezzanine loan to Big Apple Entertainment Partners LLC in
connection with the Ripley's Times Square venue. The Fund had
approximately $34 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 Fund'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 Fund'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 Fund 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
Fund 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/
Copyright
Equus Total Return (NYSE:EQS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Equus Total Return (NYSE:EQS)
Historical Stock Chart
From Jul 2023 to Jul 2024