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EQUUS II INCORPORATED ANNUAL MEETING ADJOURNED UNTIL JUNE 25, 1993

 HOUSTON, June 16 /PRNewswire/ -- The annual meeting of shareholders of Equus II Incorporated (AMEX: EQS) ("EQS") held on June 15, 1993, was adjourned in order to allow sufficient time to obtain the required vote on Proposal 3 relating to the merger of Equus Investments Incorporated (AMEX: EQI) with and into Equus II Incorporated. The meeting will reconvene at the corporate offices of EQS at 2929 Allen Parkway, Suite 2500, Houston, Texas, 77019 at 9:30 a.m., Friday, June 25, 1993.
 Shareholders represented by proxy at the annual meeting showed tremendous support for passage of the merger proposal. Of the proxies received to date on Proposal 3, over 92 percent are in favor of the merger. However, the required majority of outstanding shares approving the merger has not yet been received.
 Sam P. Douglass, chairman and CEO of Equus II Incorporated said, "The requisite majority of shareholders of Equus Investments Incorporated have voted in favor of the merger. We believe it is in the best interest of the fund and its shareholders to allow additional time to obtain the votes necessary for passage of Proposal 3."
 The benefits of the merger to the shareholders of the combined entity include administrative cost savings and reduced concentration in any one investment. In addition, the merger provides the potential for an enhanced market for the shares of the combined fund as the result of an increase in size, and the establishment of a more consistent dividend policy due to a larger number of investments at varying levels of maturity.
 -0- 6/16/93
 /CONTACT: Lisa R. Darrough or Patrick M. Cahill of Equus, 713-529-0900/
 (EQS EQI)


CO: Equus II Incorporated; Equus Investments Incorporated ST: Texas IN: FIN SU:

MP -- NY022 -- 2530 06/16/93 10:18 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
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