Equus Total Return, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 04:53 pm EDT
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Equus Total Return, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 104,000 compared to USD 91,000 a year ago. Net income was USD 2.574 million compared to USD 1.302 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.1 a year ago. For the half year, total revenue was USD 208,000 compared to USD 106,000 a year ago. Net loss was USD 4.600 million compared to net income of USD 4.278 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to basic earnings per share from continuing operations of USD 0.32 a year ago.
EQUUS Total Return, Inc. (the Fund) is a closed-end management investment company. Its investment objective is to maximize the total return to the Company's stockholders in the form of current investment income and long-term capital gains by investing in the debt and equity securities of small and middle market capitalization companies that are generally not publicly traded at the time of its investment. It seeks to invest in companies pursuing growth through acquisition or organically, leveraged buyouts, management buyouts and recapitalizations of existing businesses or special situations. Its income-producing investments consist of debt securities, including bonds, subordinated debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock. It invests in the portfolio company, Equus Energy, LLC, which makes investments in companies in the energy sector, with particular emphasis on income-producing oil and gas properties.
EQUUS TOTAL RETURN, INC. 
