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Strategies & Market Trends
Equus II (EQS) - Closed-end fund
An SI Board Since July 1999
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13 1 0
Emcee:  Devil's Advocate Type:  Unmoderated
Introduction Compact
According to today's news, Equus II would be willing to pay a dividend of $3.75 per share in December. This would mean more then 20% yield.

The fund is currently trading at a 30% discount to net asset value.

So, anyone has heard of this one? If any, what's the catch?

biz.yahoo.com
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13 good news: biz.yahoo.comDevil's Advocate-10/1/1999
12 thanks for the notes -- haven't yet reviewed the company's prospects. iLabrador-8/3/1999
11 Management fees is a hot topic on the Yahoo board. Many seems to think that theDevil's Advocate-8/2/1999
10 Regarding management fees, from the 10-K: Professional fees decreased to $490,Devil's Advocate-8/2/1999
9 Insiders have been holding their shares bought with options and adding more siDevil's Advocate-8/2/1999
8 thanks for the notes -- i need to do some homework. Labrador-8/1/1999
7 The dividend was paid in stock (with an option to get it in cash) five time duDevil's Advocate-7/31/1999
6 that makes no sense to me -- if a fund pays a dividend that is so substantial, Labrador-7/31/1999
5 The stock is already trading at a 40% discount to net assets value. I'm notDevil's Advocate-7/31/1999
4 So are you saying NOT to buy it now. If I buy at $16.75 now, I get a capital gLabrador-7/31/1999
3 I miscalculated the discount to net asset value. In fact, the stock is trading Devil's Advocate-7/31/1999
2 Company website: equuscap.comDevil's Advocate-7/31/1999
1 From the news for which I provided a link: <b>Because of the asset salesDevil's Advocate-7/31/1999
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