Equus Total Return, Inc. Announces Fourth Quarter Dividend
12 November 2008 - 12:26AM
PR Newswire (US)
-STOCK TO BE ISSUED IN DIVIDEND WILL BE VALUED AT AVERAGE CLOSING
MARKET PRICE FOR TEN TRADING DAYS ENDING DECEMBER 15, 2008 HOUSTON,
Nov. 11 /PRNewswire-FirstCall/ -- Equus Total Return, Inc. (NYSE:
EQS) (the "Fund") announced a dividend of $0.158 per share for the
fourth quarter of 2008. The dividend is payable in accordance with
the Fund's 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 dividend will be
payable on December 22, 2008, to shareholders of record as of the
close of business on November 17, 2008. Equus shares will trade
ex-dividend beginning Thursday, November 13, 2008. The dividend
will be payable in shares of common stock. Stock issued in the
dividend will be valued at the average closing market price of EQS
for the ten trading days ending December 15, 2008 (this date is a
correction from the Fund's prior announcement on November 10,
2008). Cash will be paid in lieu of issuing any fractional shares.
The Fund's dividends during the past year were payable in shares of
common stock or in cash at each shareholder's election. At the last
Fund Board meeting, the Board approved stock dividend payments
until further notice. 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/
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