Equus Announces Second Quarter Net Asset Value

Core Insights - Equus Total Return, Inc. reported net assets of $49.8 million as of June 30, 2024, with a net asset value per share increase to $3.66 from $3.38 as of March 31, 2024 [1] Financial Summary - Net assets as of June 30, 2024: $49,792,000, up from $45,892,000 as of March 31, 2024 [1] - Net asset value per share increased to $3.66 from $3.38 in the previous quarter [1] - Shares outstanding remained constant at 13,586 [1] - Historical net assets and net asset value per share for previous quarters: - 12/31/2023: Net assets $48,287,000, Net asset value per share $3.55 - 9/30/2023: Net assets $47,128,000, Net asset value per share $3.49 - 6/30/2023: Net assets $40,051,000, Net asset value per share $2.96 [1] Portfolio Performance - The increase in fair value of Morgan E&P contributed significantly to the portfolio's performance, with Morgan's equity valued at approximately $26.0 million as of June 30, 2024, an increase of $4.75 million from March 31, 2024 [1] - Morgan E&P, LLC was formed as a wholly-owned subsidiary, acquiring approximately 5,897 net acres in the Bakken/Three Forks formation in North Dakota, with an additional 810 net acres acquired in Q2 2024 [1]