HOUSTON, Aug. 14 /PRNewswire-FirstCall/ -- Equus Total Return, Inc. (NYSE: EQS) (the "Fund") reports net assets as of June 30, 2009, of $73.0 million, a decrease of $6.4 million since March 31, 2009. Comparative data is summarized below (in thousands, except per share amounts): For the Quarter June 30, March 31, December 31, September 30, Ended 2009 2009 2008 2008 -------- --------- ------------ ------------- Net assets $72,997 $79,396 $78,435 $94,235 Shares outstanding 8,862 8,862 8,565 8,261 Net assets per share $8.24 $8.96 $9.16 $11.41 Dividend per share - $0.1075 $0.158 $0.158 Significant events for the quarter were as follows: On July 1, 2009, the Fund "internalized" its management operations. It now employs its management team and incurs the costs and expenses directly associated with its operations. There is no outside investment advisory organization providing services to the Fund under a fee-based advisory agreement, or an administrative organization charging the Fund for services rendered. The Fund's investment advisory agreement with Moore Clayton Capital Advisors, Inc. expired on June 30, 2009. The Fund held $6.7 million in cash as of June 30, 2009, of which $3.2 million has been allocated for follow-on commitments. The Fund also has available an undrawn revolving line of credit with Amegy Bank of Texas for $7.5 million. 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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