Welcome to our dedicated page for Equus Total Return news (Ticker: EQS), a resource for investors and traders seeking the latest updates and insights on Equus Total Return stock.
Equus Total Return, Inc. reports recurring net asset value updates as a business development company that trades as a closed-end fund on the New York Stock Exchange under the symbol EQS. Company news centers on quarterly net assets, net asset value per share, share counts, and the portfolio valuation changes that drive those measures.
Equus updates also cover portfolio holdings and capital actions, including energy exposure through Morgan E&P in the Bakken and Three Forks formations of the Williston Basin, convertible-note and warrant investments, subsidiary financing, and exchange-listing compliance matters.
Equus Total Return, Inc. (NYSE: EQS) reported its net assets at $37.4 million as of September 30, 2020, down from $41.5 million on June 30, 2020. The net asset value per share decreased to $2.77 from $3.07. The Fund's investment in PalletOne saw a fair value decline from $27.5 million to $24 million, influenced by market conditions and COVID-19 disruptions. In contrast, the value of MVC Capital shares increased from $3.8 million to $4.6 million, following a rise in MVC's trading price. The continuing impact of COVID-19 poses ongoing risks to operations and portfolio performance.
Equus Total Return, Inc. (NYSE: EQS) reported net assets of $41.5 million as of June 30, 2020, up from $38.9 million on March 31, 2020. The net asset value per share increased to $3.07, reflecting strong performance in portfolio companies, including PalletOne and Equus Energy. PalletOne's fair value rose from $26.5 million to $27.5 million, driven by operational success, while Equus Energy's value increased from $4.5 million to $5.5 million due to rising crude oil prices, from $20.48 to $40.65 per barrel. MVC Capital shares also saw significant appreciation during the quarter.
Equus Total Return (NYSE: EQS) reported net assets of $38.9 million as of March 31, 2020, down $7.1 million from $45.9 million at year-end 2019. The net asset value per share also decreased from $3.40 to $2.88. The decline in asset values was mainly attributed to coronavirus-related economic impacts and a pricing dispute affecting the oil sector, leading to substantial drops in the values of Equus Energy and MVC Capital. Despite these challenges, PalletOne demonstrated strong operational performance amidst the downturn.
Equus Total Return, Inc. (NYSE: EQS) held its Annual Meeting of Stockholders on May 7, 2020, with 83.09% of outstanding shares represented. Shareholders approved five director nominees, with each receiving an average of 94% of votes cast. The appointment of BDO USA, LLP as independent accountants for fiscal 2020 was also ratified, garnering 11 million votes in favor. A non-binding advisory vote on executive compensation for 2019 received approximately 8.8 million votes in favor. The detailed voting results are included in a Current Report filed with the SEC.