Equus Total Return, Inc. (NYSE: EQS) announces a write down of its equity investment in Infinia Corporation ("Infinia") from $17.5 million to $10.6 million. The principal reason for the write down is the recapitalization of the Infinia ownership structure related to its most recent fund raising efforts. Infinia intends to raise additional capital in the immediate future. The timing and size of successful capital raising efforts will most likely dilute the Fund's ownership which could impact the valuation of this investment. As of June 30, 2009, the Infinia investment represented approximately 24% of the Fund's total net assets.
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Equus is a business development company that trades as a closed-end fund on the New York Stock Exchange, under the symbol "EQS". Additional information on Equus Total Return, Inc. may be obtained from the Equus website. An investment opportunity for generations Y, X, Busters, Boomers, and the Silent Generation.and the Silent Generation. Founded in the early 80’s, Equus has been a leading private equity business development company. So what does that mean? It means we make investments in small companies, mostly private. We believe the growth potential is greater in the small to mid-cap arena.We hold our investment truths to be self evident. Our beliefs are supported by our 25 year history. That’s right. We were a BDC long before it recently became a “hot” investor category. So what exactly do we do? We invest in solid little guys before they get big. We look for small to mid-cap companies that are performance driven and just need time to hit their stride. We want portfolio companies that have good management, good earnings, market position and excellent growth potential. We provide tools of our professional trades which teach them how to survive, stay lean, focused and efficient. We inspire success by giving them counsel and capital to implement their plans. We make major investments in people with fresh ideas.
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