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Stockreport

Equus Shareholders Grant New Authorization to Withdraw BDC Election

Equus Total Return, Inc (EQS)  More Company Research Source: GlobeNewswire
US:NYSE Investor Relations: equuscap.com/investor.htm
PDF Authorization Supports Company’s Continued Intentto Effect a Transformative Reorganization HOUSTON, May 23, 2018 (GLOBE NEWSWIRE) -- Equus Total Return, Inc. (NYSE:EQS) (“Equus” or the “Company”) today announced that its shareholders have granted a new authorization to the Company’s Board of Directors (hereinafter, the “Board”) to cause the Company’s withdrawal of its election to be classified as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”).  Previous authorizations to this effect were given to the Board on January 6, 2017 and again on August 25, 2017, both of which have since expired.  The new authorization given to the Board by the Equus shareholders expires on August 31, 2018.  These authorizations are a consequence of the Company’s Plan of Reorganization announced on May 15, 2014 (also referred to herein as the “Plan”). In announcing the Plan, Equus stated its intention to implement the Plan which entailed, among other things [Read more]

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