Equus Announces First Quarter Net Asset Value
11 Mai 2023 - 2:11AM
Equus Total Return, Inc. (NYSE: EQS) (“Equus” or
the “Company”) reports net assets as of March 31, 2023, of $34.1
million. Net asset value per share decreased to $2.52 as of March
31, 2023, from $2.61 as of December 31, 2022. Comparative data is
summarized below (in thousands, except per share
amounts):
As of the Quarter Ended |
3/31/2023 |
12/31/2022 |
9/30/2022 |
6/30/2022 |
3/31/2022 |
Net assets |
$34,106 |
$35,237 |
$36,230 |
$37,155 |
$37,435 |
Shares outstanding |
|
13,518 |
|
13,518 |
|
13,518 |
|
13,518 |
|
13,518 |
Net assets per share |
$2.52 |
$2.61 |
$2.68 |
$2.75 |
$2.77 |
Although the Company experienced no change in
the fair value of its investment holding in Equus Energy, LLC
during the first quarter of 2023, the Company’s overall net asset
value declined, due in part to increased professional fees and
expenses, in addition to fees and expenses relating to due
diligence and the examination of potential transactions that could,
if consummated, be transformative for the Company.
About Equus
The Company is a business development company
that trades as a closed-end fund on the New York Stock Exchange
under the symbol "EQS". Additional information on the Company may
be obtained from the Company’s website at www.equuscap.com.
This press release may contain certain
forward-looking statements regarding future circumstances. These
forward-looking statements are based upon the Company’s current
expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements
including, in particular, the performance of the Company, including
our ability to achieve our expected financial and business
objectives, and the other risks and uncertainties described in the
Company’s filings with the SEC. Actual results, events, and
performance may differ. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
to the date hereof. Except as required by law, the Company
undertakes no obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statements are material.
Contact:
Patricia Baronowski Pristine Advisers, LLC(631) 756-2486
Equus Total Return (NYSE:EQS)
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