EQUUS ANNOUNCES THIRD QUARTER NET ASSET VALUE
The following was the principal contributor to the increase in fair value of the Company’s portfolio holdings in the third quarter of 2023:
- The following was the principal contributor to the increase in fair value of the Company’s portfolio holdings in the third quarter of 2023:
Increase in Fair Value of Morgan E&P. - During the third quarter of 2023, Morgan acquired an additional 1,150 net acres.
- In addition, Morgan’s reserves increased significantly during the quarter, and the number of net drilling locations also increased.
- The Company received advice and assistance from a third-party valuation firm to support its determination of the fair value of this investment.