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Techsavyon Mar 23, 2010 9:25am
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Equus Announces Certain Board Changes
Equus Announces Certain Board ChangesEquus Total Return, Inc. Announces Certain BoardChanges
17:18 EDT Monday, March 22, 2010
HOUSTON, March 22/PRNewswire-FirstCall/ -- Equus Total Return, Inc. (NYSE: EQS)(the "Fund") has announced that Richard F. Bergner has been appointed non-executive Chairman of the Board. Mr.Bergner has served on the Fund's Board as an Independent Director for fouryears. He has been a practicing attorney inHouston, TX for 50 years.
Robert L. Knauss was electedChairman of the Fund's Audit Committee. Mr. Knauss has been an IndependentDirector of the Fund for 19 years. He is the former Dean and DistinguishedUniversity Professor of Houston Law School and was also Dean of Vanderbilt Law School.
"These appointments reflect the Fund's commitment to strengthening Boardpositions," said Mr. Bergner. "The announced Board changes do not affect anyFund officer positions or staff."
The Fund is a business development company that trades as a closed-end fundon the New York Stock Exchange, under the symbol "EQS". Additional informationon the Fund may be obtained from the Fund's website at www.equuscap.com.
This press release may contain certain forward-looking statementsregarding future circumstances. These forward-looking statements are based uponthe Fund's current expectations and assumptions and are subject to various risksand uncertainties that could cause actual results to differ materially fromthose 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 notto place undue reliance on these forward-looking statements, which speak only asto the date hereof. The Fund undertakes no obligation to release publicly anyrevisions to these forward-looking statements that may be made to reflect eventsor circumstances after the date hereof or to reflect the occurrence ofunanticipated events. The inclusion of any statement in this release does notconstitute an admission by the Fund or any other person that the events orcircumstances described in such statements are material.