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EQUUS II INCORPORATED ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

    HOUSTON, Aug. 13 /PRNewswire/ -- Equus II Incorporated (AMEX: EQS) announced its financial results for the three and six months ended June 30, 1993.  These results include the financial results of Equus Investments Incorporated, which was merged with and into EQS on June 30, 1993.
    EQS reported net assets of $60,708,000, or $20.15 per share, as of June 30, 1993, an increase of 2.1 percent over the total net assets of $59,436,000, or $19.72 per share, as of Dec. 31, 1992.
    For the three and six months ended June 30, 1993, EQS reported an increase in net assets from operations of $2,274,000 and $1,273,000 or $0.75 and $0.43 per share, respectively.
    Equus II Incorporated is a business development company which invests in equity-oriented securities of privately-owned small to medium-sized companies.
                         EQUUS II INCORPORATED
     For the Three and Six Months Ended June 30, 1993 and 1992
            (Unaudited -- $ in thousands, except per share)
                             Three Months               Six Months
                        6/30/93       6/30/92      6/30/93      6/30/92
    Net investment loss $  (909)      $  (303)     $(1,378)     $  (386)
    Realized gain (loss)
     on sales of portfolio
     securities, net     (2,177)        2,595       (1,521)       3,012
    Increase (decrease) in
     unrealized apprecia-
     tion, net            5,360        (4,718)       4,172       (2,983)
    Total increase (decrease)
     in net assets from
     operations         $ 2,274       $(2,426)     $ 1,273      $  (357)
    Per share information:
    Net investment loss $ (0.30)      $ (0.10)     $ (0.46)     $ (0.13)
    Realized gain (loss)
     on sales of portfolio
     securities, net      (0.72)         0.90        (0.50)        1.05
    Increase (decrease) in
     unrealized apprecia-
     tion, net             1.78         (1.64)        1.39        (1.04)
    Total increase (decrease)
     in net assets from
     operations         $  0.76       $ (0.84)     $  0.43      $ (0.12)
    Number of shares
     outstanding          3,013         2,880        3,013        2,880
    -0-             08/13/93
    CONTACT:  Lisa R. Darrough or Patrick M. Cahill, both of Equus II Inc., 713-529-0900
    (EQS) CO:  EQUUS II INCORPORATED' SU:  ERN ST:  TX


-- NY017 -- X547 08/13/93
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Publication:PR Newswire
Date:Aug 13, 1993
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