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Article: Equus Total Return, Inc. Announces Write Down of Its Investment in Nickent Golf.
- Article from:
- Entertainment Newsweekly
- Article date:
- January 23, 2009
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Equus Total Return, Inc. (NYSE:EQS) (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 ...
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