HOUSTON, Aug. 7 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE: EQS) (the "Fund"), in accordance with the Fund's managed distribution
policy, announced a dividend of $0.158 per share for the third quarter of
2008. The dividend will be payable on September 29, 2008, to shareholders of
record as of the close of business on August 25, 2008. Equus shares will
trade ex-dividend beginning Thursday, August 21, 2008. The dividend will be
payable in shares of common stock or in cash by specific election. Such
election must be made by shareholders no later than September 22, 2008. If no
election is made, shareholders will receive stock. Stock issued in the
dividend will be valued at the average closing market price of EQS for the ten
trading days ending September 22, 2008. Cash will be paid in lieu of issuing
any fractional shares.
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.
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