Equus II Incorporated is a closed-end fund that seeks to achieve capital appreciation principally by making investments in equity and equity-oriented securities issued by privately owned companies in transactions negotiated directly with such companies (Portfolio Companies). The Company seeks to invest primarily in companies that intend to acquire other businesses, including through leveraged buyouts. Equus II may also invest in recapitalizations of existing businesses or special situations, from time to time. The Companys investments in Portfolio Companies consist principally of equity securities such as common and preferred stock, but also include other equity-oriented securities such as debt convertible into common or preferred stock or debt combined with warrants, options or other rights to acquire common or preferred stock. Equus II has engaged Equus Capital Management Corporation to provide certain investment management and administrative services to the Company.