Equus’ Largest Single Shareholder Issues Open
Letter to Fellow Shareholders
Asks Shareholders to Support New Direction of the Fund and Vote the WHITE Proxy Card Today
May 10, 2010 07:03 AM Eastern Daylight Time
HOUSTON--(EON: Enhanced Online News)--The single largest shareholder of Equus Total Return, Inc. (NYSE:
EQS) (“Equus” or the “Fund”) today issued an open letter to the Fund’s shareholders. Mobiquity Investments
Limited (“Mobiquity”), which holds 9.28% of the Fund’s outstanding shares, is encouraging all
shareholders to cast their votes using the internet or telephone by following the instructions provided on
the WHITE proxy card or voting instruction form that they have received from Georgeson, Inc., the
Fund’s proxy solicitation firm. Shareholders requiring assistance in voting the WHITE proxy card, or seeking
additional copies of the Fund’s proxy materials, may call Georgeson toll-free at 866-821-2606 (banks and
brokerage firms should call 212-440-9800), or email Georgeson at equus@georgeson.com. Shareholders also can
find additional materials on the annual meeting and how to vote on the Fund’s website at www.equuscap.com.
The following is the text of the letter from Mobiquity:
Dear Fellow Shareholders of Equus Total Return, Inc.:
On May 12, 2010, shareholders of Equus Total Return, Inc. (“Equus” or the “Fund”) have the unique opportunity to
finally break free from the legacy that has constrained Equus’ growth and development for many years. Sam
Douglass, founder of the “Committee to Enhance Equus” (the “Douglass Committee”) has been an officer or director
of the Fund since its formation. Equus shareholders, of which we are the single largest, have not fared well under the
Douglasses and that must change. The Douglass Committee is running a proxy contest to regain control of the Fund
and your vote is crucial to preventing further losses for shareholders. As shareholders, we can together transform
Equus and ensure accountability and responsibility. If you want change at Equus