HOUSTON, TX -- (Marketwire) -- 08/15/12 -- Equus Total Return, Inc. (NYSE: EQS) (the "Fund" or "Equus") reports net assets as of June 30, 2012, of $33.4 million, a decrease of approximately $4.2 million since March 31, 2012. Net assets per share decreased to $3.16 as of June 30, 2012 from $3.56 as of March 31, 2012. Cash and cash equivalents totaled $27.0 million as of June 30, 2012, an increase of $10.7 million since March 31, 2012. Comparative data is summarized below (in thousands, except per share amounts):
As of the Quarter Ended 6/30/2012 3/31/2012 12/31/2011 9/30/2011 6/30/2011 --------- --------- ---------- --------- --------- Net assets $ 33,418 $ 37,651 $ 38,148 $ 38,970 $ 41,432 Shares outstanding 10,562 10,562 10,562 10,562 10,562 Net assets per share $ 3.16 $ 3.56 $ 3.61 $ 3.69 $ 3.92 Cash and Cash Equivalents $ 27,039 $ 16,296 $ 16,813 $ 16,648 $ 17,333 Cash per Share $ 2.56 $ 1.54 $ 1.59 $ 1.58 $ 1.64
Equus also reported a decrease in total Fund expenses of approximately $0.6 million for the second quarter of 2012 as compared to the second quarter of 2011, and a decrease of approximately $1.0 million for the first six months of 2012 as compared to the first six months of 2011.
The changes in net asset value resulted principally from the following significant events which occurred during this quarter:
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 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.
Pristine Advisers, LLC