Equus Total Return Releases Net Asset Value for Third Quarter 2024

Equus Total Return, Inc. (NYSE: EQS) recently disclosed its net asset value for the quarter ended September 30, 2024. The firm reported net assets amounting to $40.2 million. As of September 30, 2024, the net asset value per share decreased to $2.96, down from $3.66 reported as of June 30, 2024.

Comparative data for various quarters, denoted in thousands, along with net assets per share, is as follows:

– As of September 30, 2024: Net assets at $40,165 and net asset value per share at $2.96
– As of June 30, 2024: Net assets at $49,792 and net asset value per share at $3.66
– As of March 31, 2024: Net assets at $45,892
– As of December 31, 2023: Net assets at $48,287
– As of September 30, 2023: Net assets at $47,128

Noteworthy changes in the fair value of Equus Total Return’s portfolio holdings during the third quarter of 2024 were attributed to specific influencers, including Morgan E&P, which experienced a decline in oil prices as well as production setbacks, resulting in a fair value drop of $7.0 million. Similarly, Equus Energy witnessed a decrease in fair value by $2.0 million during the same quarter due to declining oil prices. The determination of the fair value of investments in Morgan and Equus Energy was supported by a third-party valuation firm.

Equus Total Return, trading as a closed-end fund under the symbol “EQS” on the New York Stock Exchange, operates as a business development company. Additional information regarding the company can be accessed through its website at www.equuscap.com.

The press release outlines forward-looking statements concerning future circumstances based on current expectations and assumptions. Readers are advised to exercise caution as actual results may differ due to various risks and uncertainties. The company is committed to providing periodic updates to reflect events or circumstances influencing the business.

This press release does not signify an admission by the company or any other party regarding the materiality of events or circumstances detailed herein.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Equus Total Return’s 8K filing here.

Equus Total Return Company Profile

Equus Total Return, Inc is a business development company (BDC) specializing in leveraged buyouts, management buyouts, corporate partnerships/joint ventures, growth and expansion capital, acquisition financing, roll-up acquisition strategies, operational turnarounds, recapitalizations of existing businesses, special situations, equity and equity-oriented securities issued by privately owned companies, debt securities including subordinate debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock, and preferred equity financing.