---
schema_version: "secwatch.filing_event.v1"
accession: "0001712543-23-000057"
form_type: "8-K"
ticker: "EQS"
cik: "0000878932"
company_name: "EQUUS TOTAL RETURN, INC."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:50:25.169007+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Equus Total Return Q2 2023 NAV per share $2.96, up from $2.52 Q1

## Summary
- Net assets of $40.1 million as of June 30, 2023; NAV per share $2.96, up 17.5% from $2.52 at March 31, 2023.
- Principal driver: Morgan E&P acquisition of 4,747.52 net acres in Bakken/Three Forks formation, with additional acres planned.
- Equus made $750,000 investment in Morgan during H1 2023; fair value recorded at approximately $7.5 million as of June 30, 2023.
- Shares outstanding unchanged at 13,518 since prior quarters.

## SEC filing metadata
- accession: 0001712543-23-000057
- form_type: 8-K
- ticker: EQS
- cik: 0000878932
- company_name: EQUUS TOTAL RETURN, INC.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/878932/000171254323000057/0001712543-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/878932/000171254323000057/f8k_equus08152023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712543-23-000057
- JSON: https://secwatch.observer/filing/0001712543-23-000057.json
- Plain text: https://secwatch.observer/filing/0001712543-23-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.