Equus Announces Appointments of Fraser Atkinson as Chairman and John J. May as Director

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Jan 06 2025

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Source: Newsfilter

New Appointments at Equus Total Return, Inc.: Fraser Atkinson has been appointed as the independent Chairman of the Board and John J. May as an independent director, effective immediately. Both will serve on various committees within the Fund.
John J. May's Background: Mr. May brings over 50 years of experience as a Chartered Accountant and has held significant roles in public and private companies, particularly in mining, energy, and oil and gas sectors. He is also involved with lobbying groups representing small and medium-sized businesses in the UK.

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About EQS

Equus Total Return, Inc. (the Fund) is a closed-end management investment company. The Fund's 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. The Fund's income-producing investments includes debt securities, including subordinate 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.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Equus Subsidiary, Morgan E&P, Secures $3 Million Term Loan to Advance Drilling and Work-Over Program in North Dakota's Williston Basin

Aug 14 2025Newsfilter

Equus Total Return, Inc. Funding Announcement: Equus announced that its subsidiary, Morgan E&P, has secured a $3 million term loan to fund drilling operations in the Bakken Shale formation, aiming to enhance production and cash flow by developing existing non-producing wells.
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Equus Total Return, Inc. Announces Intent to Regain Compliance with NYSE Listing Standards Following Price Deficiency Notice

May 20 2025NASDAQ.COM

Equus Total Return, Inc. Compliance Issue: The company received a notice from the NYSE for not meeting the minimum average closing price requirement of $1.00 for its common stock over a 30-day period, but this deficiency does not currently affect its listing or trading status.
Plans to Regain Compliance: Equus intends to notify the NYSE by May 25, 2025, of its plan to address the stock price deficiency, potentially through a reverse stock split, and has a six-month period to regain compliance with the NYSE's standards.