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Article: Equus Total Return, Inc. Announces Write Down of Its Investment in Nickent Golf.
- Article from:
- PR Newswire
- Article date:
- January 2, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. 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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HOUSTON, Jan. 2 /PRNewswire-FirstCall/ -- Equus Total Return, Inc. (the "Fund") announces a write down of its debt and equity investment in Nickent Golf, Inc. ("Nickent"). The write down from $8.43 million to $180,000 is based on Nickent's current financial condition and the effects of the market economy on Nickent's business. The remaining fair value of the Fund's investment represents a short-term loan secured by certain accounts receivable of Nickent. Today's write down follows a write down from $9.18 million to $8.25 million at September 30, 2008. Previous to today's write down, the investment represented approximately 8.7% of the Fund's total net assets.
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Article: Equus Total Return, Inc. Announces Write ...
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January 23, 2009 ;
452 words
...Equus Total Return, Inc. (NYSE:EQS) (the "Fund ... EQS". Additional information on Equus Total Return, Inc. may be obtained from the ... www.equuscap.com/. Keywords: Equus Total Return, Inc. This article was prepared ...
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