 Net asset value per share decreased to 3.40 as of December 31, 2019 from 3.63 as of September 30, 2019. The Fund established Equus Energy, LLC Equus Energy as a wholly-owned subsidiary in 2011 to be used as a platform for energy-related investments, with particular emphasis on oil and gas enterprises. Equus Energy owns various working interests, which are presently derived from 141 producing and non-producing oil and gas wells, including associated development rights of approximately 21,520 acres, situated on 11 separate properties in Texas and Oklahoma. 