<SEC-DOCUMENT>0002000324-25-002789.txt : 20250815
<SEC-HEADER>0002000324-25-002789.hdr.sgml : 20250815
<ACCEPTANCE-DATETIME>20250815081300
ACCESSION NUMBER:		0002000324-25-002789
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250815
DATE AS OF CHANGE:		20250815
EFFECTIVENESS DATE:		20250815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLAHERTY & CRUMRINE TOTAL RETURN FUND INC
		CENTRAL INDEX KEY:			0001245648
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21380
		FILM NUMBER:		251222467

	BUSINESS ADDRESS:	
		STREET 1:		301 E COLORADO BLVD STE 800
		STREET 2:		C/O FLAHERTY & CRUMRINE INC
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101
		BUSINESS PHONE:		(626) 795-7300

	MAIL ADDRESS:	
		STREET 1:		301 E COLORADO BLVD STE 800
		STREET 2:		C/O FLAHERTY & CRUMRINE INC
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INC
		DATE OF NAME CHANGE:	20030623
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      <periodOfReport>06/30/2025</periodOfReport>
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  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2025</reportCalendarYear>
      <reportingPerson>
        <name>FLAHERTY &amp; CRUMRINE TOTAL RETURN FUND INC</name>
        <phoneNumber>626-795-7300</phoneNumber>
        <address>
          <com:street1>301 E. COLORADO BOULEVARD, SUITE 800</com:street1>
          <com:street2>C/O FLAHERTY &amp; CRUMRINE INC</com:street2>
          <com:city>PASADENA</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>91101</com:zipCode>
        </address>
      </reportingPerson>
      <reportInfo>
        <reportType>FUND VOTING REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>811-21380</fileNumber>
      <leiNumber>254900OFZ9J1RLHWZQ22</leiNumber>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
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    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
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    <seriesPage>
      <seriesCount>0</seriesCount>
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    <signaturePage>
      <reportingPerson>FLAHERTY &amp; CRUMRINE TOTAL RETURN FUND INC</reportingPerson>
      <txSignature>R. Eric Chadwick</txSignature>
      <txPrintedSignature>R. Eric Chadwick</txPrintedSignature>
      <txTitle>Chief Executive Officer and President</txTitle>
      <txAsOfDate>08/15/2025</txAsOfDate>
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<DOCUMENT>
<TYPE>PROXY VOTING RECORD
<SEQUENCE>2
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    <inf:issuerName>CADENCE BANK</inf:issuerName>
    <inf:cusip>12740C202</inf:cusip>
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    <inf:voteDescription>To Approve the Second Amended and Restated Articles of Incorporation to Implement Repurchases of Cadence Bank Common and Preferred Stock</inf:voteDescription>
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        <inf:categoryType>CAPITAL STRUCTURE</inf:categoryType>
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    <inf:issuerName>CADENCE BANK</inf:issuerName>
    <inf:cusip>12740C202</inf:cusip>
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    <inf:issuerName>ENSTAR GROUP LIMITED</inf:issuerName>
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    <inf:voteDescription>To approve (a) the Agreement and Plan of Merger dated as of July 29, 2024 (the &#34;Merger Agreement&#34;), by and among Enstar, Elk Bidco Limited (&#34;Parent&#34;), Elk Merger Sub Limited (&#34;Parent Merger Sub&#34;), Deer Ltd. (&#34;New Company Holdco&#34;) and Deer Merger Sub Ltd. (&#34;Company Merger Sub&#34;), pursuant to which (i) Company Merger Sub will merge with and into Enstar, with Enstar surviving the merger (the &#34;First Merger&#34;)...</inf:voteDescription>
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        <inf:categoryType>EXTRAORDINARY TRANSACTIONS</inf:categoryType>
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    <inf:issuerName>ENSTAR GROUP LIMITED</inf:issuerName>
    <inf:cusip>29359U109</inf:cusip>
    <inf:meetingDate>11/06/2024</inf:meetingDate>
    <inf:voteDescription>To approve an adjournment of the Special Meeting, from time to time, if necessary or appropriate, including to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve the proposal to approve the Merger Agreement and the Mergers.</inf:voteDescription>
    <inf:voteCategories>
      <inf:voteCategory>
        <inf:categoryType>EXTRAORDINARY TRANSACTIONS</inf:categoryType>
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    <inf:voteSource>ISSUER</inf:voteSource>
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    <inf:vote>
      <inf:voteRecord>
        <inf:howVoted>FOR</inf:howVoted>
        <inf:sharesVoted>61000</inf:sharesVoted>
        <inf:managementRecommendation>FOR</inf:managementRecommendation>
      </inf:voteRecord>
    </inf:vote>
  </inf:proxyTable>
  <inf:proxyTable>
    <inf:issuerName>FT REAL ESTATE SECS CO</inf:issuerName>
    <inf:cusip>302663208</inf:cusip>
    <inf:meetingDate>06/10/2025</inf:meetingDate>
    <inf:voteDescription>The election of FTRESCI's 5 directors: Walter Dogget III</inf:voteDescription>
    <inf:voteCategories>
      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
      </inf:voteCategory>
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    <inf:voteSource>ISSUER</inf:voteSource>
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        <inf:howVoted>WITHHOLD</inf:howVoted>
        <inf:sharesVoted>3</inf:sharesVoted>
        <inf:managementRecommendation>NONE</inf:managementRecommendation>
      </inf:voteRecord>
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  <inf:proxyTable>
    <inf:issuerName>FT REAL ESTATE SECS CO</inf:issuerName>
    <inf:cusip>302663208</inf:cusip>
    <inf:meetingDate>06/10/2025</inf:meetingDate>
    <inf:voteDescription>The election of FTRESCI's 5 directors: Jeff L. Fleming</inf:voteDescription>
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      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:issuerName>FT REAL ESTATE SECS CO</inf:issuerName>
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      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:issuerName>FT REAL ESTATE SECS CO</inf:issuerName>
    <inf:cusip>302663208</inf:cusip>
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        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:issuerName>FT REAL ESTATE SECS CO</inf:issuerName>
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      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:issuerName>FT REAL ESTATE SECS CO</inf:issuerName>
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      <inf:voteCategory>
        <inf:categoryType>OTHER</inf:categoryType>
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    <inf:issuerName>FIFTH THIRD BANCORP</inf:issuerName>
    <inf:cusip>316773886</inf:cusip>
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    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Nicholas K. Akins</inf:voteDescription>
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        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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  <inf:proxyTable>
    <inf:issuerName>FIFTH THIRD BANCORP</inf:issuerName>
    <inf:cusip>316773886</inf:cusip>
    <inf:meetingDate>04/15/2025</inf:meetingDate>
    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: B. Evan Bayh, III</inf:voteDescription>
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      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:issuerName>FIFTH THIRD BANCORP</inf:issuerName>
    <inf:cusip>316773886</inf:cusip>
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    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Jorge L. Benitez</inf:voteDescription>
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      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:issuerName>FIFTH THIRD BANCORP</inf:issuerName>
    <inf:cusip>316773886</inf:cusip>
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    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Katherine B. Blackburn</inf:voteDescription>
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      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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        <inf:howVoted>FOR</inf:howVoted>
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    <inf:issuerName>FIFTH THIRD BANCORP</inf:issuerName>
    <inf:cusip>316773886</inf:cusip>
    <inf:meetingDate>04/15/2025</inf:meetingDate>
    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Linda W. Clement-Holmes</inf:voteDescription>
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      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Laurent Desmangles</inf:voteDescription>
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    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Mitchell S. Feiger</inf:voteDescription>
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        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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        <inf:howVoted>FOR</inf:howVoted>
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    <inf:issuerName>FIFTH THIRD BANCORP</inf:issuerName>
    <inf:cusip>316773886</inf:cusip>
    <inf:meetingDate>04/15/2025</inf:meetingDate>
    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Thomas H. Harvey</inf:voteDescription>
    <inf:voteCategories>
      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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    <inf:vote>
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        <inf:howVoted>FOR</inf:howVoted>
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  <inf:proxyTable>
    <inf:issuerName>FIFTH THIRD BANCORP</inf:issuerName>
    <inf:cusip>316773886</inf:cusip>
    <inf:meetingDate>04/15/2025</inf:meetingDate>
    <inf:voteDescription>Election of Director to Serve Until the Annual Meeting of Shareholders in 2026: Gary R. Heminger</inf:voteDescription>
    <inf:voteCategories>
      <inf:voteCategory>
        <inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType>
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