Equus II Incorporated Declares Net Investment Income Dividend for 2004
November 15 2004 - 12:00PM
PR Newswire (US)
Equus II Incorporated Declares Net Investment Income Dividend for
2004 HOUSTON, Nov. 15 /PRNewswire-FirstCall/ -- Equus II
Incorporated (NYSE:EQS) announced today a dividend of its net
investment income for the year 2004, currently estimated to be
$0.57 per share. The dividend will be payable on or before January
17, 2005, to shareholders of record as of December 8, 2004. Shares
of EQS will trade ex-dividend beginning December 6, 2004. The
dividend will be payable in shares of common stock of EQS or in
cash by specific election. Such election must be made by
shareholders prior to December 30, 2004. If no election is made,
shareholders will receive stock. The stock issued in the dividend
will be valued at the average closing market price of EQS for the
ten trading days ending December 30, 2004. Cash will be paid in
lieu of issuing any fractional shares. It is estimated that 100% of
the dividend will be a qualifying dividend. The dividend will be
reportable by EQS shareholders on their 2004 U.S. Federal Income
Tax Return, whether it is taken in additional shares of common
stock or in cash. Equus II is a business development company and
seeks to generate current distributions of net investment income
and long-term capital gains by making equity-oriented investments
in small to medium-sized privately owned companies. The current
portfolio consists of investments in 14 businesses in various
industries and two venture capital funds. Information on Equus II
Incorporated and other Equus entities may be obtained on the
Internet. Our home page address is http://www.equuscap.com/. "Safe
Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995: This press release contains certain forward-looking
statements which involve known and unknown risks, uncertainties or
other factors not under the Company's control which may cause the
actual results, performance or achievement of the Company to be
materially different from the results, performance or other
expectations implied by these forward-looking statements. These
factors include, but are not limited to, those disclosed in the
Company's periodic filings with the Securities and Exchange
Commission. CONTACT: Hank Nicodemus (713) 529-0900 DATASOURCE:
Equus II Incorporated CONTACT: Hank Nicodemus of Equus II,
+1-713-529-0900 Web site: http://www.equuscap.com/
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