Equus Announces Third Quarter Net Asset Value

Financial Summary - As of September 30, 2024, the net assets of Equus Total Return, Inc. were reported at $40.2 million, a decrease from $49.8 million as of June 30, 2024 [1] - The net asset value per share decreased to $2.96 from $3.66 during the same period [1] - The number of shares outstanding remained constant at 13,586 [1] Portfolio Performance - The fair value of the equity holding in Morgan E&P decreased by $7.0 million, from $26.0 million as of June 30, 2024, to $19.0 million as of September 30, 2024, primarily due to a 17.6% decrease in oil prices and a decline in production from its operating wells [1] - The fair value of the holding in Equus Energy decreased by $2.0 million, from $10.0 million to $8.0 million, also largely attributed to the decrease in oil prices during the quarter [2] Company Overview - Equus Total Return, Inc. operates as a business development company and is traded as a closed-end fund on the New York Stock Exchange under the symbol "EQS" [3]