Equus Announces Results of Annual Shareholder Meeting
June 27 2012 - 5:19PM
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 Tuesday, June 26, 2012. 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, 2012,
(iii) approve on a non-binding advisory basis, the compensation
paid to the Fund's named executive officers in 2011, and (iv) vote
on two shareholder proposals, the first of which was a vote on
whether the Board of Directors should propose a special meeting of
Equus shareholders to consider and vote on a Plan of Liquidation of
the Fund, and second proposal, which concerned whether the Fund
should retain an outside firm to conduct a review of the Fund and
make recommendations on how to improve Fund performance.
Holders of 92.23% 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, the
appointment of UHY for fiscal year 2012, and the compensation paid
to the Fund's named executive officers in 2011. The two shareholder
proposals were defeated. 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.
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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