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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001181431-08-060960.txt : 20081112
<SEC-HEADER>0001181431-08-060960.hdr.sgml : 20081111
<ACCEPTANCE-DATETIME>20081112112412
ACCESSION NUMBER:		0001181431-08-060960
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081111
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081112
DATE AS OF CHANGE:		20081112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUUS TOTAL RETURN, INC.
		CENTRAL INDEX KEY:			0000878932
		IRS NUMBER:				760345915
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00098
		FILM NUMBER:		081179139

	BUSINESS ADDRESS:	
		STREET 1:		2727 ALLEN PKWY
		STREET 2:		13TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77019
		BUSINESS PHONE:		7135290900

	MAIL ADDRESS:	
		STREET 1:		2727 ALLEN PARKWAY
		STREET 2:		13TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUUS II INC
		DATE OF NAME CHANGE:	19970422
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd222994.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>U</TITLE>
</HEAD>
<BODY LINK="#0000ff">
<P ALIGN="CENTER"><B>U.S. SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, D.C. 20549</P>
<P ALIGN="CENTER"></P>
<FONT SIZE=4><P ALIGN="CENTER">FORM 8-K</P>
</FONT><P ALIGN="CENTER"></P>
<FONT SIZE=4><P ALIGN="CENTER">CURRENT REPORT</P>
</B></FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P>Date of Report (Date of earliest event reported): November 11, 2008</P>
<B><FONT SIZE=4><P ALIGN="CENTER">Equus Total Return, Inc.</P>
</B></FONT><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>
<B><P ALIGN="CENTER">Delaware</P>
</B><P ALIGN="CENTER">(State or other jurisdiction of incorporation)</P>
<P>&#9;&#9;&#9;   <B>0-19509</B>&#9;&#9;&#9;&#9;       <B>76-0345915</P><DIR>
<DIR>
</B><P>(Commission File Number) &#9;&#9;(I.R.S. Employer Identification No.)</P>
</DIR>
</DIR>
<B><P ALIGN="CENTER">2727 Allen Parkway, 13<SUP>th</SUP> Floor, Houston, Texas 77019</P>
</B><P ALIGN="CENTER">(Address of principal executive offices, zip code)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Registrant's telephone number, including area code: <B>(713) 529-0900</P>
</B><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">N/A</P>
</B><P ALIGN="CENTER">(Former name or former address, if changed since last report)</P>
<P>&nbsp;</P>
<P>&#9;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P>[  ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P>[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P>[  ]  Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange act (17 CFR 240.14d-2(b))</P>
<P>[  ]  Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange act (17 CFR 240.13e-4(c))</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<B><P>Item 8.01.&#9;Other Events.</P>
</B><P>On November 11, 2008, Equus Total Return, Inc. (the &quot;Fund&quot;) issued a press release correcting its November 10, 2008 announcement of a fourth quarter dividend for 2008 (specifically noting that the stock to be issued in the dividend will be valued at the average closing market price of the Fund for the ten trading days ending December 15, 2008). The text of the press release is included as Exhibit 99.1 to this Current Report and is incorporated herein by reference. </P>
<P>&#9;</P>
<B><P>Item 9.01.&#9;Financial Statements and Exhibits.</P>
</B>
<P>&#9;(d)&#9;<U>Exhibits</U>.</P>
<P>&#9;99.1&#9;Press Release, dated November 11, 2008.</P>
<P>&#9;</P>
<P>&#9;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">SIGNATURE</P>
</B>
<P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=623>
<TR><TD WIDTH="2%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="42%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="3%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="43%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP" COLSPAN=3>
<B><P>EQUUS TOTAL RETURN, INC.</B></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="MIDDLE" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="5%" VALIGN="MIDDLE" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE" COLSPAN=4>&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP" COLSPAN=3>
<P>Dated: November 12, 2008</TD>
<TD WIDTH="0%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="TOP" COLSPAN=2>
<P>By:</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP" COLSPAN=3>
<P>/s/ L'Sheryl D. Hudson</P>
</TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="0%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP" COLSPAN=3>
<P>L'Sheryl D. Hudson</P>
<P>Vice President and Chief Financial Officer</TD>
</TR>
</TABLE>
</P>
<P>&nbsp;</P></BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>rrd222994_26468.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>FOR IMMEDIATE RELEASE</TITLE>
</HEAD>
<BODY>
<B><FONT SIZE=5 COLOR="#ff0000"><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
</FONT><P>&nbsp;</P>
<P>&nbsp;</P>
<P>FOR IMMEDIATE RELEASE&#9;CONTACT:  &#9;Brett Chiles</P>
<P> &#9;&#9;&#9;(713) 529-0900</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">EQUUS TOTAL RETURN, INC. ANNOUNCES FOURTH QUARTER DIVIDEND -<I>STOCK TO BE ISSUED IN DIVIDEND WILL BE VALUED AT AVERAGE CLOSING MARKET PRICE FOR TEN TRADING DAYS ENDING <U>DECEMBER 15</U>, 2008</P>
</I>
<P>HOUSTON, TX - November 11, 2008 - Equus Total Return, Inc. (NYSE: EQS) (the &quot;Fund&quot;)</B> announced a dividend of $0.158 per share for the fourth quarter of 2008.  The dividend is payable in accordance with the Fund's managed distribution policy where the Fund seeks to pay quarterly dividends at an annualized rate of 10% of the Fund's market value of $6.31 at December 31, 2007.  </P>
<P>The dividend will be payable on December 22, 2008, to shareholders of record as of the close of business on November 17, 2008.  Equus shares will trade ex-dividend beginning Thursday, November 13, 2008.&nbsp; The dividend will be payable in shares of common stock.&nbsp; Stock issued in the dividend will be valued at the average closing market price of EQS for the ten trading days ending <U>December 15</U>, 2008 (this date is a correction from the Fund's prior announcement on November 10, 2008).&nbsp; Cash will be paid in lieu of issuing any fractional shares.  The Fund's dividends during the past year were payable in shares of common stock or in cash at each shareholder's election.  At the last Fund Board meeting, the Board approved stock dividend payments until further notice.&nbsp;</P>
<P>Equus Total Return, Inc. is a business development company that trades as a closed-end fund on the New York Stock Exchange, under the symbol "EQS".  Additional information on Equus Total Return, Inc. may be obtained from the Equus website at www.equuscap.com.</P>
<P ALIGN="JUSTIFY"></P>
<I><P ALIGN="JUSTIFY">This press release may contain certain forward-looking statements regarding future circumstances.  These forward-looking statements are based upon the Fund's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Fund's filings with the Securities and Exchange Commission.  Actual results, events, and performance may differ.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof.  The Fund undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.  The inclusion of any statement in this release does not constitute an admission by the Fund or an
y other person that the events or circumstances described in such statements are material.</P>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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