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EQUUS II INCORPORATED DECLARES SPECIAL CAPITAL GAINS DIVIDEND

 HOUSTON, Dec. 8 /PRNewswire/ -- The Board of Directors of Equus II Incorporated (AMEX: EQS) announced a special capital gains dividend of $0.68 per share, payable on or about Jan. 26, 1994, to shareholders of record as of Dec. 17, 1993. The $0.68 per share is equal to the estimated total net taxable capital gains of EQS for the year ended Dec. 31, 1993. The dividend will be payable in shares of common stock of EQS, or in cash by specific election. Such election must be made by shareholders prior to Jan. 11, 1994. The number of shares to be issued in the dividend will be determined by the market value of EQS at the close of the American Stock Exchange on Jan. 14, 1994. Cash will be paid in lieu of issuing any fractional shares.
 Equus II Incorporated invests in equity-oriented securities of small to medium-sized privately owned companies. The Fund is a business development company with current investments in 19 operating companies in various industries.
 -0- 12/8/93
 /CONTACT: Lisa R. Darrough or Patrick M. Cahill of Equus II, 713-529-0900/
 (EQS)


CO: Equus II Incorporated ST: Texas IN: FIN SU: DIV

SP -- NY047 -- 1715 12/08/93 11:10 EST
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Publication:PR Newswire
Date:Dec 8, 1993
Words:204
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