Equus Total Return reports Q1 NAV of $2.52 per share, up from $2.17 at year-end 2024

EQUUS TOTAL RETURN, INC.

Net assets $34.2M as of March 31, 2025; NAV per share $2.52 vs. $2.17 at Dec 31, 2024 (16% increase).
Fair value of Morgan E&P increased $1.0M to $14.0M on higher oil forward curve.
Purchased $1.5M GEVI convertible note (10%, convertible at $0.40) and warrant; aggregate value $5.8M at quarter end.
Funded GEVI investment by issuing $2.0M Equus convertible note (10%, convertible at $1.50) and warrants; shareholder vote sought.
Shares outstanding unchanged at 13,586 for all periods shown.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.