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EQUUS INVESTMENTS INCORPORATED ANNOUNCES FIRST QUARTER FINANCIAL RESULTS

 HOUSTON, April 30 /PRNewswire/ -- Equus Investments Incorporated (AMEX: EQI) announced its financial results for the quarter ended March 31, 1993.
 EQI reported net assets of $22,156,000, or $10.43 per share, as of March 31, 1993, a decrease of 7 percent over the total net assets of $23,825,000, or $11.21 per share, as of Dec. 31, 1992.
 For the three months ended March 31, 1993, EQI reported a decrease in net assets from operations of $1,669,000, or $0.78 per share, due primarily to a decrease in value of the securities of one portfolio company.
 Equus Investments Incorporated is a business development company which invests in equity-oriented securities of privately-owned small to medium-sized companies.
 EQUUS INVESTMENTS INCORPORATED
 (Unaudited)
 For the Three Months end March 31, 1993 1992
 Net investment income (loss) $ 61,000 $ (334,000)
 Realized gain on sales of
 portfolio securities, net -- 368,000
 Increase (decrease) in unrealized
 appreciation, net (1,730,000) 1,407,000
 Total increase (decrease) in
 net assets from operations $(1,669,000) $ 1,441,000
 Per share information:
 Net investment income (loss) $ 0.03 $(0.18)
 Realized gain on sales of
 portfolio securities, net -- 0.19
 Increase (decrease) in
 unrealized appreciation, net (0.81) 0.75
 Total increase (decrease) in net
 assets from operations $(0.78) $ 0.76
 -0- 4/30/93
 /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

SH -- NY048 -- 3171 04/30/93 11:41 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
Words:258
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