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Article: Equus Total Return, Inc. Announces Repurchase of Shares Resulting in Increase in Net Asset Value Per Share.
- Article from:
- Science Letter
- Article date:
- September 30, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Equus Total Return, Inc. (NYSE:EQS) (the "Fund") has repurchased an aggregate of 423,960 shares of its common stock, representing 4.9% of its outstanding shares, from unaffiliated third parties in a private transaction. In compliance with federal law, the sale was effected at the shares' market price computed as the 5-day volume-weighted average closing price prior to the date of sale, which was September 11, 2008. The shares were repurchased at a discount to the Fund's net asset value and subsequently retired. This increased the net asset value per share (as adjusted for cash and share dividends to be paid in the third quarter) from approximately $11.78 to $12.02 (see ...
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