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EQUUS INVESTMENTS INCORPORATED ANNOUNCES FINANCIAL RESULTS

 HOUSTON, March 12 /PRNewswire/ -- Equus Investments Incorporated (AMEX: EQI) announced its financial results for the quarter and year ended Dec. 31, 1992.
 EQI reported total net assets of $23,825,000 or $11.21 per share as of Dec. 31, 1992 as compared to total net assets of $24,487,000 or $13.05 per share as of Dec. 31, 1991.
 For the year ended Dec. 31, 1992, EQI reported an increase in net assets from operations of $987,000, or $.53 per share. Such increase was offset by a $1.72 per share dividend declared in Dec. and paid in January 1993. A portion of the dividend was paid in EQI common stock, and the dilutive effect of the shares issued resulted in an additional reduction in net asset value of $.65 per share.
 EQI is a business development company which invests in equity- oriented securities of small to medium-sized companies which are normally privately owned.
 -0- 3/12/93
 /CONTACT: Lisa R. Darrough or Patrick M. Cahill of Equus Investments Incorporated, 713-529-0900/
 (EQI)


CO: Equus Investments Incorporated ST: Texas IN: FIN SU: ERN

TS -- NY024 -- 5454 03/12/93 11:01 EST
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Publication:PR Newswire
Date:Mar 12, 1993
Words:194
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