---
schema_version: "secwatch.filing_event.v1"
accession: "0001712543-23-000085"
form_type: "8-K"
ticker: "EQS"
cik: "0000878932"
company_name: "EQUUS TOTAL RETURN, INC."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T03:00:25.153945+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Equus Total Return NAV rises to $3.49 per share; Morgan E&P drills two wells

## Summary
- Net assets as of Sept 30, 2023: $47.1M, NAV per share $3.49, up from $2.96 on June 30.
- NAV increase driven by fair value rise of wholly-owned Morgan E&P subsidiary.
- Morgan acquired additional 1,150 net acres in Bakken/Three Forks; reserves and drilling locations increased.
- Morgan commenced drilling two wells; fair value of its equity recorded at ~$15.0M.

## SEC filing metadata
- accession: 0001712543-23-000085
- form_type: 8-K
- ticker: EQS
- cik: 0000878932
- company_name: EQUUS TOTAL RETURN, INC.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/878932/000171254323000085/0001712543-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/878932/000171254323000085/f8k_equus11152023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712543-23-000085
- JSON: https://secwatch.observer/filing/0001712543-23-000085.json
- Plain text: https://secwatch.observer/filing/0001712543-23-000085.txt

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