Equus Announces Results of Annual Shareholder Meeting
June 15 2011 - 2:50PM
Marketwired
Equus Total Return, Inc. (NYSE: EQS) ("Equus" or the "Fund")
announced the results of the Fund's Annual Meeting of Stockholders
which took place on Friday, June 10, 2011. The purpose of the
meeting was to: (i) elect nine director nominees, each for a term
of one year, (ii) ratify the appointment of UHY LLP as the Fund's
independent auditor for the fiscal year ended December 31, 2011,
(iii) approve on a non-binding advisory basis, the compensation
paid to the Fund's named executive officers in 2010, and (iv)
approve, on a non-binding advisory basis, the frequency of
shareholder advisory votes concerning the Fund's executive
compensation.
Holders of 93.48% of the Fund's outstanding shares were present
in person or represented by proxy at the Annual Meeting and
approved the election of the nine director nominees and the
appointment of UHY for fiscal year 2011. The specific voting
results of the Annual Meeting are set forth in the Fund's Current
Report on Form 8-K filed today with the Securities and Exchange
Commission.
Commenting on the results of the Annual Meeting, Robert Knauss,
the Fund's non-Executive Chairman, stated, "We are pleased that so
many of our shareholders were able to participate in the Fund's
Annual Meeting by casting their votes on these important issues. We
express our thanks to them in supporting further efforts by the
Equus Board and its management to continue the progress we
initiated a year ago to implement positive changes to move the Fund
forward for the benefit of all stockholders."
About Equus
The Fund 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 the Fund may be obtained from the
Fund's 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 SEC. 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: Patricia Baronowski Pristine Advisers, LLC (631)
756-2486
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