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Equus Announces Third Quarter Net Asset Value
EQSEquus Total Return(EQS) GlobeNewswire News Room·2024-11-15 00:04

Financial Summary - As of September 30, 2024, the net assets of Equus Total Return, Inc. were reported at 40.2million,adecreasefrom40.2 million, a decrease from 49.8 million as of June 30, 2024 [1] - The net asset value per share decreased to 2.96from2.96 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 7.0million,from7.0 million, from 26.0 million as of June 30, 2024, to 19.0millionasofSeptember30,2024,primarilyduetoa17.619.0 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 10.0millionto10.0 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]