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EQUUS INVESTMENTS INCORPORATED DIVIDEND PAID

 HOUSTON, Jan. 29 /PRNewswire/ -- Equus Investments Incorporated (AMEX: EQI) paid today a special dividend of $1.72 per share, comprised of $1.68 in long-term capital gains and $0.04 in ordinary income. The dividend was paid in shares of common stock of EQI, or in cash by specific election. Of the shares outstanding on the record date, Dec. 24, 1992, 957,329 shares representing 51 percent elected to receive the dividend in cash, while 919,562 shares representing 49 percent elected to receive the dividend in stock. The number of shares issued was based on the market price of EQI at the close of the American Stock Exchange on Jan. 20, 1993, which was $6.375 per share. Cash was paid in lieu of issuing any fractional shares. Accordingly, EQI listed with the American Stock Exchange and issued an additional 247,678 shares of common stock and paid $1,649,305 in cash to the shareholders. Including this dividend, shareholders since inception have received cumulative dividends of $19.32 per share, or approximately 97 percent of their initial investment of $20 per share.
 Equus Investments Incorporated is a business development company which invests in equity-oriented securities of small to medium-sized companies which are normally privately owned when Equus invests. EQI's common stock trades on the American Stock Exchange under the symbol "EQI".
 -0- 1/29/93
 /CONTACT: Lisa R. Darrough or Patrick M. Cahill, both of Equus, 713-529-0900/
 (EQI)


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

LR -- NY032 -- 0685 01/29/93 10:45 EST
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Publication:PR Newswire
Date:Jan 29, 1993
Words:259
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