HOUSTON, TX--(Marketwired - Aug 19, 2014) - Equus Total Return, Inc. (
As of the Quarter Ended | 6/30/2014 | 3/31/2014 | 12/31/2013 | 9/30/2013 | 6/30/2013 | |||||
Net assets | $38,041 | $32,679 | $33,217 | $29,373 | $30,167 | |||||
Shares outstanding | 12,674 | 10,562 | 10,562 | 10,562 | 10,562 | |||||
Net assets per share | $3.00 | $3.09 | $3.14 | $2.78 | $2.86 | |||||
The increase in aggregate net assets during the second quarter of 2014 was principally due to the following:
Net assets per share decreased during the quarter, primarily due to (i) the costs incurred in connection with the share exchange with MVC described above, and (ii) as the Equus shares were sold at net asset value to MVC, the share exchange had a dilutive effect, represented by the difference between the market price of the MVC shares received and MVC's net asset value per share.
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 performance of the Fund, including our ability to achieve our expected financial and business objectives, our ability to execute our reorganization and complete the transactions contemplated thereby, the performance of our new investment in MVC and the other 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. Except as required by law, 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 Information:
Contact:
Patricia Baronowski
Pristine Advisers, LLC
(631) 756-2486