Highest-materiality recent filing
Equus Total Return annual meeting: director Denos re-elected with 49.8% withheld votes
Kenneth I. Denos received 4,405,506 for and 4,433,223 withheld (49.8% withheld), still re-elected.
Equus Total Return reports Q1 NAV of $1.50, up 26% from $1.19 at year-end 2025
Net assets as of March 31, 2026: $20.9 million, up from $16.6 million at December 31, 2025.
Equus Total Return appoints PKF O'Connor Davies as new independent accountant
Engaged PKF O'Connor Davies, LLP as independent accountant effective May 11, 2026.
No accounting disagreements existed; BDO's reports for FY2024 and FY2025 were unqualified.
Equus Total Return reports Q4 2025 NAV of $1.19/share, down 37% from Q3
Net assets $16.6M as of Dec 31, 2025, down from $26.5M at Sep 30, 2025.
Equus Total Return NAV per share falls to $1.90 from $2.51 in Q3 2025
Net assets declined to $26.5M as of Sept 30, 2025, from $34.1M at June 30, 2025.
Equus Total Return Q2 NAV $34.1M ($2.51/share), down from $2.52 prev quarter
Net assets $34.1M as of June 30, 2025; NAV per share $2.51 vs $2.52 at March 31, 2025.
Five director nominees elected with majority support: Fraser Atkinson, Kenneth I. Denos, Henry W. Hankinson, John A. Hardy, John J. May.
Equus Total Return receives NYSE non-compliance notice for share price below $1.00
NYSE notified Equus on May 15, 2025 that average closing price of common stock was below $1.00 over 30 trading days.
Equus Total Return reports Q1 NAV of $2.52 per share, up from $2.17 at year-end 2024
Net assets $34.2M as of March 31, 2025; NAV per share $2.52 vs. $2.17 at Dec 31, 2024 (16% increase).
NAV per share $2.17 as of Dec 31, 2024, down 27% from $2.96 on Sep 30, 2024.
Equus Total Return sells Equus Energy LLC interest to NAEOC for $1.25M cash and preferred shares
Equus sold its equity interest in Equus Energy, LLC to North American Energy Opportunities Corp.
Equus Total Return raises $2M via convertible note; invests $1.5M in GEVI note
Issued $2M senior convertible note (10% interest, 1-yr, conversion $1.50/share) plus warrants for 2M shares at $1.50.
Equus appoints Fraser Atkinson as Chairman and John J. May as independent director
Fraser Atkinson appointed independent Chairman of the Board effective December 30, 2024.
Equus Total Return reports Q3 2024 NAV per share of $2.96, down 19% from prior quarter
Net assets fell to $40.2M from $49.8M at June 30; NAV per share $2.96 vs $3.66.
Chairman Robert L. Knauss passed away on November 1, 2024.
Chairman Robert L. Knauss dies unexpectedly on Oct 16, 2024
Robert L. Knauss, Chairman of the Board, died unexpectedly on October 16, 2024.
Equus Total Return Q2 NAV per share rises to $3.66 from $3.38
Net assets of $49.8M as of June 30, 2024, up from $45.9M at March 31, 2024.
Equus Total Return stockholders elect all five director nominees and ratify BDO as auditor
Five director nominees elected with 8.1M-8.5M votes each; no votes against or abstentions.
Equus Total Return Q1 NAV $3.38; Morgan E&P fair value down $1.35M
Q1 2024 net assets $45.9M, NAV per share $3.38 vs $3.55 at Dec 31, 2023.
Equus Q4 NAV $3.55; Morgan E&P fair value up $7.6M, Equus Energy down $5.5M
Net assets $48.3M as of Dec 31, 2023; NAV per share $3.55 vs $3.49 prior quarter.
Equus subsidiary Morgan E&P completes two Bakken wells; proved reserves PV10 up 135%
Morgan E&P completed two horizontal wells (Baranko 1-28H and Obrigewitch 1-33H) producing >1,000 bbl/d combined.
Equus Total Return NAV rises to $3.49 per share; Morgan E&P drills two wells
Net assets as of Sept 30, 2023: $47.1M, NAV per share $3.49, up from $2.96 on June 30.
Equus Total Return Q2 2023 NAV per share $2.96, up from $2.52 Q1
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.
Equus Total Return shareholders elect five directors, ratify BDO, approve say-on-pay
Shareholders representing 89.57% of outstanding shares present at May 25, 2023 annual meeting.
Acquired 4,747.52 net acres in Bakken/Three Forks formation, Williston Basin, North Dakota.
Equus forms Morgan E&P, LLC, new oil and gas subsidiary focused on Bakken area
Equus formed wholly-owned subsidiary Morgan E&P, LLC for upstream oil and gas development.
Equus Total Return Q1 2023 NAV per share drops to $2.52 from $2.61
Net assets $34.1M; NAV per share $2.52 as of March 31, 2023, down from $2.61 at Dec 31, 2022.
Equus Total Return Q4 2022 NAV per share $2.61, down from $2.68 prior quarter
Net assets $35.2M as of 12/31/2022; NAV per share $2.61 vs $2.68 at 9/30/2022.
Net asset value per share decreased to $2.68 as of Sept 30, 2022 from $2.75 as of June 30, 2022.
Shareholders holding 53% of shares (7,166,015) authorized Board to withdraw BDC election by Feb 28, 2023.
Equus Total Return reports Q2 2022 NAV of $2.75 per share, down from $2.77
Net assets at June 30, 2022: $37.2M, down $0.2M from March 31, 2022.
Equus shareholders re-elect five directors, ratify BDO auditor, approve say-on-pay
Five director nominees elected with ~7.9M votes (87.0% of votes cast) vs 1.1M withheld.
Equus Total Return Q1 2022 NAV per share rises to $2.77 from $2.69
Net assets as of March 31, 2022 were $37.4M, up $1.0M from December 31, 2021.
Equus Total Return reports Q4 2021 NAV of $2.69 per share, up from $2.68
Net assets $36.4M as of Dec 31, 2021, up $0.2M from Sept 30.
Equus Total Return Q3 NAV rises to $2.68 per share from $2.57; net assets $36.2M
Net assets $36.2M at Sep 30, 2021, up ~$1.5M from June 30, 2021.
Shareholders holding 55.64% of outstanding common stock (7,511,448 shares) authorized BDC election withdrawal.
Equus Total Return reports Q2 2021 NAV of $2.57 per share, up 2% from prior quarter
Net assets $34.7M at June 30, 2021, vs $34.1M at March 31; NAV per share $2.57 vs $2.52.
Also on December 30, 2024, the Board appointed John J. May as an independent director to fill the vacancy on the Board resulting from the recent passing of Robert L. Knauss, to serve until the next annual meeting of the Company’s shareholders.
On December 30, 2024, the Board of Directors (“Board”) of Equus Total Return, Inc. (the “Company”) appointed Fraser Atkinson as its independent Chairman.
On October 17, 2024, Equus Total Return, Inc. (the “Company”) was informed of the unexpected death of Chairman Robert L. Knauss, who passed away on October 16, 2024.
Max materiality 0.75 · Median 0.55 · Most common event other_material