Equus Announces Third Quarter Net Asset Value
15 Novembro 2021 - 7:04PM
Equus Total Return, Inc. (NYSE: EQS) (“Equus” or
the “Company”) reports net assets as of September 30, 2021, of
$36.2 million, an increase of approximately $1.5 million since June
30, 2021. Net asset value per share increased to $2.68 as of
September 30, 2021 from $2.57 as of June 30, 2021. Comparative data
is summarized below (in thousands, except per share
amounts):
As of the Quarter Ended |
9/30/2021 |
6/30/2021 |
3/31/2021 |
12/31/2020 |
9/30/2020 |
|
|
|
|
|
|
Net assets |
$36,243 |
$34,724 |
$34,075 |
$33,777 |
$37,431 |
Shares outstanding |
13,518 |
13,518 |
13,518 |
13,518 |
13,518 |
Net assets per share |
$2.68 |
$2.57 |
$2.52 |
$2.50 |
$2.77 |
|
|
|
|
|
|
The following were the principal contributors to
the growth in net asset value during third quarter of 2021:
- Increase in the Value of
Equus Energy. During the third quarter of
2021, the fair value of Equus Energy, LLC, increased from $10.25
million to $12.0 million. Among the various leasehold rights held
by Equus Energy is a 50% working interest in 2,400 acres in the
Permian Basin known as the Conger Field. A number of transactions
that completed in late 2020 and the first nine months of 2021 were
concentrated in the Permian Basin, at imputed acreage values
considerably in excess of values ascribed to such acreage in the
past several years. In addition, there were price
increases for crude and natural gas during the quarter.
Equus also holds working interests of 7.5% and
2.5% in the Burnell and North Pettus Units, respectively, which
collectively comprise approximately 13,000 acres located in the
area known as the ‘Eagle Ford Shale’ play. The Company received
advice and assistance from a third-party valuation firm to support
its determination of the fair value of this investment.
- Increase in Escrow
Receivable Related to Sale of PalletOne. Subsequent to the
end of the third quarter of 2021, we received $1.2 million in cash,
which was the final installment of proceeds related to the sale of
PalletOne in December 2020. The amount recently received was
approximately $0.5 million in excess of the amount we had accrued
as an escrow receivable for this final payment.
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)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Equus Total Return (NYSE:EQS)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024