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Equus Reports Fourth Quarter Results


Equus Reports Fourth Quarter Results
Dispositions Key to Success of Acquisition Strategy
HOUSTON, March 31, 2021 (GLOBE NEWSWIRE)
Equus Total Return, Inc. (NYSE: EQS) (the “Fund” or “Equus”) reports net assets as of December 31, 2020, of $33.8 million, a decrease of approximately $3.6 million since September 30, 2020. Net asset value per share decreased to $2.50 as of December 31, 2020 from $2.77 as of September 30, 2020.
During the fourth quarter, the fair value of Equus Energy, LLC, increased from $5.5 million to $7.0 million. This increase was a result of significant price increases for crude and natural gas during the quarter, as well as comparable transactions in regions where Equus Energy holds its working interests. The Fund received advice and assistance from a third-party valuation firm to support its determination of the fair value of this investment. ....

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