HOUSTON, May 14 /PRNewswire-FirstCall/ -- Equus Total
Return, Inc. (NYSE: EQS) (the "Fund") reports net assets as of
March 31, 2010, of $50.1 million, a decrease of $0.75 million since December 31, 2009. Comparative data is
summarized below (in thousands, except per share amounts):
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For the Quarter Ended
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3/31/2010
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12/31/2009
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9/30/2009
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6/30/2009
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3/31/2009
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Net
assets
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$50,151
|
$50,901
|
$65,632
|
$72,997
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$79,396
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Shares
outstanding
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8,862
|
8,862
|
8,862
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8,862
|
8,862
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Net assets per
share
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$5.66
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$5.74
|
$7.41
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$8.24
|
$8.96
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NAV DECREASE. The net asset value of the Fund
decreased from $50.9 million as of
December 31, 2009 to $50.1 million as of March
31, 2010. The decline in net asset value resulted
primarily from the decrease in the fair values of Infinia
Corporation, Riptide Entertainment, LLC and Spectrum Management,
LLC, some of which was offset by an increase in the fair value of
Sovereign Business Forms, Inc.
LIQUIDITY. The Fund held $5.7
million in cash at March 31,
2010. Effective February 15,
2010, the Fund extended its revolving line of credit with
Amegy Bank of Texas for
$5.0 million 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
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
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(713)
529-0900
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SOURCE Equus Total Return, Inc.