Equus Total Return, Inc. Announces Second Quarter Net Asset Value
August 12 2008 - 5:26PM
PR Newswire (US)
HOUSTON, Aug. 12 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) (the "Fund") reports net assets as of June 30, 2008, of
$102.9 million, or $12.00 per share. Comparative data is summarized
below (in thousands, except per share amounts): For the Quarter
June 30, March 31, December 31, September 30, Ended 2008 2008 2007
2007 -------- -------- -------- -------- Net assets $102,976
$103,661 $103,243 $87,862 Shares outstanding 8,581 8,496 8,401
8,333 Net assets per share 12.00 $12.20 $12.29 $10.54 Dividend per
share $0.158 $0.158 $0.125 $0.125 Significant events for the
quarter were as follows: -- Managed Distribution Policy. On June
30, 2008, in accordance with the revised managed distribution
policy where the Fund seeks to pay quarterly dividends at an
annualized rate of 10% of the Fund's market value of $6.31 at
December 31, 2007, the Fund paid a $0.158 per share dividend in the
form of cash and stock. -- Election of Chairman. On May 9, 2008,
the Fund's board of directors elected Gregory J. Flanagan as its
independent (non-executive) Chairman of the Board. As of June 30,
2008, the Fund had approximately $18.3 million in cash.
Approximately $11.2 million has been allocated for follow-on
investments. 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