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.
On January 6, 2017, holders of a majority of the outstanding
common stock of Equus Total Return, Inc. (the Company) approved
the Companys cessation as a business development company (BDC)
under the Investment Company Act of 1940 and authorized the
Companys Board of Directors (the Board) to cause the Companys
withdrawal of its election to be classified as a BDC, each
effective as of a date designated by the Board and the Companys
Chief Executive Officer, but in no event later than July 31,
2017. Such actions will become effective twenty days after
mailing of an 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 6, 2017, 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 6, 2017 by Equus Total
Return, Inc.
About EQUUS TOTAL RETURN, INC. (NYSE:EQS)
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. EQUUS TOTAL RETURN, INC. (NYSE:EQS) Recent Trading Information
EQUUS TOTAL RETURN, INC. (NYSE:EQS) closed its last trading session up +0.04 at 2.09 with 8,672 shares trading hands.