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EQUUS II INCORPORATED BEGINS TRADING ON THE AMERICAN STOCK EXCHANGE

 EQUUS II INCORPORATED BEGINS TRADING ON THE AMERICAN STOCK EXCHANGE
 NEW YORK, Sept. 11 /PRNewswire/ -- Equus II Incorporated, a Delaware corporation, today began trading on the American Stock Exchange with the common stock opening at 14-1/4 on 200 shares. The company, whose stock is now trading under the ticker symbol "EQS," was reorganized into a public corporation from the Equus Investments II Limited Partnership in July 1992. The organization has chosen Cranmer, Cohn, Reis & Gage as its specialist unit.
 Equus II Incorporated seeks to achieve capital appreciation by making equity-oriented investments in leveraged buyouts or leveraged recapitalizations of established, medium-sized companies or divisions thereof, located in the United States, and subsequently disposing of such investments. The fund is managed by Houston-based Equus Capital Management Corporation.
 "We are very pleased to have the fund's shares approved for listing with the American Stock Exchange," said Sam P. Douglass, chairman and chief executive officer of Equus II Incorporated. "We believe our shareholders will benefit from the greater visibility and increased liquidity their shares will have in the financial markets," he concluded.
 At June 30, 1992, Equus II Incorporated had net assets of $31,593,388, including investments of $27,628,073 in securities of 12 companies in diverse industries. The net asset value per share of common stock was $16.94 at June 30, 1992. The fund has distributed $3 million in cash (equivalent to $1.85 per share of common stock) to its investors since formation.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 9/11/92
 /CONTACT: Paul Nobile, manager, equities communications of Equus II, 212-306-2028/
 (EQS) CO: Equus II Incorporated ST: IN: FIN SU:


TS-PS -- NY031 -- 8480 09/11/92 12:43 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
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