---
schema_version: "secwatch.filing_event.v1"
accession: "0001712543-26-000041"
form_type: "8-K"
ticker: "EQS"
cik: "0000878932"
company_name: "EQUUS TOTAL RETURN, INC."
filed_at: "2026-05-21T21:33:24+00:00"
generated_at: "2026-05-22T10:11:29.414654+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Equus Total Return reports Q1 NAV of $1.50, up 26% from $1.19 at year-end 2025

## Summary
- Net assets as of March 31, 2026: $20.9 million, up from $16.6 million at December 31, 2025.
- NAV per share $1.50 vs $1.19; shares outstanding unchanged at 13,967.
- Morgan E&P holding increased $5.0 million due to higher crude oil futures prices.
- CitroTech holdings decreased $0.5 million; partial share sale offset price rise.
- Comparative NAV history: $1.52 (Q1'25) vs current $1.50, reflecting prior decline from $2.52.

## SEC filing metadata
- accession: 0001712543-26-000041
- form_type: 8-K
- ticker: EQS
- cik: 0000878932
- company_name: EQUUS TOTAL RETURN, INC.
- filed_at: 2026-05-21T21:33:24+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/878932/000171254326000041/0001712543-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/878932/000171254326000041/f8k_equus05212026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712543-26-000041
- JSON: https://secwatch.observer/filing/0001712543-26-000041.json
- Plain text: https://secwatch.observer/filing/0001712543-26-000041.txt

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