SC 13D/A 1 thirda.txt SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 10/25/11 1. NAME OF REPORTING PERSON Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein and Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 432,282 8. SHARED VOTING POWER 169,865 9. SOLE DISPOSITIVE POWER 602,147 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 602,147 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 5.70% 14. TYPE OF REPORTING PERSON IA _______________________________________________________ Item 1. SECURITY AND ISSUER This statement constitutes amendment #1 to the schedule 13d filed August 12, 2011. Except as specifically set forth herein, the schedule 13d remains unmodified. ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons believe the board of directors can be more effective in enhancing shareholder value. To that end, the Reporting Persons have had conversations with several directors and large shareholders about reducing the size of the board of directors and of designating a representative to serve as a director. The Reporting Persons intend to continue to communicate with the Issuer and other shareholders with respect to achieving these goals and otherwise maximizing the value of their investment. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the 10-Q filed on May 16, 2011 there were 10,561,646 shares of common stock outstanding as of 05/06/2011 The percentage set forth in item 5 was derived using such number. Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 602,147 shares of EQS or 5.70% of the outstanding shares.Power to dispose of and vote securities resides either with Mr. Goldstein, Mr. Dakos or with clients. c) During the past 60 days the following shares of EQS were purchased: Date: Shares: Price: 08/26/11 4,335 2.2000 08/29/11 286 2.1800 08/29/11 7,474 2.2495 08/30/11 409 2.2158 08/31/11 5,000 2.1980 08/31/11 2,075 2.1500 09/01/11 524 2.1500 09/02/11 943 2.1000 09/06/11 1,259 2.1000 09/07/11 200 2.1500 09/08/11 43 2.1500 09/12/11 24 2.1500 10/14/11 200 2.1700 10/20/11 4,307 2.1800 d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) NA ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS None. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 10/26/2011 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos