EQUUS TOTAL RETURN, INC. (NYSE:EQS) Files An 8-K Submission of Matters to a Vote of Security Holders

EQUUS TOTAL RETURN, INC. (NYSE:EQS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.

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On January 21, 2019, holders of a majority of the outstanding common stock of Equus Total Return, Inc. (the “Company”) approved the Company’s cessation as a business development company under the Investment Company Act of 1940 and authorized the Company’s Board of Directors (the “Board”) to cause the Company’s withdrawal of its election to be classified as a BDC, each effective as of a date designated by the Board and the Company’s Chief Executive Officer, but in no event later than July 31, 2019. Such actions will become effective twenty days after mailing of a definitive information statement to shareholders of the Company in accordance with the requirements of the Securities Exchange Act of 1934.

Item 8.01 Other Events.

On January 24, 2019, the Company issued a press release announcing the authorization given to the Board by the shareholders as described in Item 5.07 above. The text of the press release is included as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release issued on January 24, 2019 by Equus Total Return, Inc.

EX-99.1 2 ex991_pressrelease.htm PRESS RELEASE Exhibit 99.1       EQUUS SHAREHOLDERS GRANT NEW AUTHORIZATION TO WITHDRAW BDC ELECTION   Authorization Supports Company’s Continued Intent to Effect a Transformative Reorganization     HOUSTON,…
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Equus Total Return, Inc. (the Fund) is a closed-end management investment company. The Fund is a business development company whose investment objective is to maximize the total return to its stockholders in the form of current investment income and long-term capital gains by investing in the debt and equity securities of small and middle market capitalization companies that are generally not publicly traded at the time of its investment. In addition, it may invest with other co-investors, including private equity firms, business development companies, small business investment companies, venture capital groups, institutional investors and individual investors. It invests in a range of sectors, including energy, media, business products and services, shipping products and services, financial services and others. The Fund’s investments in portfolio securities consist of fixed-rate debt securities, limited liability company investments, common stock, and secured and subordinated debt.

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