MCC Global N.V.
MCC Global N.V.: MCC Global Announces Renewal of Investment Advisory Agreement with Equus Total Return, Inc.
MCC Global N.V. / Agreement Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- MCC Global Announces Renewal of Investment Advisory Agreement with Equus Total Return, Inc. MCC Global N.V. ('MCC' or the 'Company')(IFQ2), the global private equity investment and advisory company, today announced that the Board of Directors of Equus Total Return, Inc., a closed-end fund traded on the New York Stock Exchange (hereafter 'Equus' or the 'Fund') has renewed its Investment Advisory Agreement ('Advisory Agreement') with Moore Clayton Capital Advisors, Inc. ('MCCA'), a wholly-owned subsidiary of the Company and a registered U.S. investment adviser. The Advisory Agreement entitles MCCA to an annual management fee of 2% of the Fund’s net assets under management (currently $103.7M) and 20% of the Fund’s net realized capital gains that exceed an 8% annual threshold. The Equus Board also approved a renewal of the Fund’s Administration Agreement with Equus Capital Administration Company, Inc., another wholly-owned subsidiary of MCC. The Administration Agreement provides for the reimbursement of costs related to various administrative services undertaken on behalf of the Fund up to $450,000 per annum. Equus is a 'Business Development Company' under the U.S. Investment Company Act of 1940 (the 'Act') and seeks to provide significant managerial assistance in addition to investment capital to investee companies. Under the Act, Equus may only renew the Advisory Agreement with MCCA for a one-year period. MCCA has been the sole investment advisor to Equus since June 2005. Tony Moore, Chairman of the MCC Supervisory Board and Chairman of the MCCA Board of Directors, stated: 'We are pleased to maintain our role as investment advisors to Equus Total Return and look forward to continuing to implement our 21st Century Investment Trends investment strategy for the Fund. MCCA is the core of the Company’s asset management capability, which forms one of the three pillars of MCC’s complementary integrated services, namely strategic advisory, corporate finance, and asset management.' About MCC Global MCC Global NV is a global private equity investment and advisory company specializing in providing strategic and financial advisory and investment services to emerging and established companies in specific industry sectors such as healthcare, energy renewables, media, real estate, and hospitality and lifestyle. MCC Global NV (www.mccglobal.com) is listed on the Frankfurt Stock Exchange Geregelter Markt (General Standard), ticker IFQ2. This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon current expectations and assumptions of MCC Global N.V. (the 'Company') and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company’s most recently filed prospectus and other public filings. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material. Enquiries: MCC Global Dana Smith, Investor Relations Email: ir@mccglobal.com GTH Media Toby Hall/Christian Pickel Tel: 020 7153 8039/8035 toby@gth.co.uk; christianp@gth.co.uk 30.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: MCC Global N.V. Keizersgracht 62-64 1015 CS Amsterdam Niederlande Phone: +31 20 520 6826 Fax: +31 20 520 7510 E-mail: ir@mccglobal.com Internet: http://www.mccglobal.com ISIN: NL0000687705 WKN: A0LFAF Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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