<SEC-DOCUMENT>0001712543-23-000038.txt : 20230526
<SEC-HEADER>0001712543-23-000038.hdr.sgml : 20230526
<ACCEPTANCE-DATETIME>20230526115920
ACCESSION NUMBER:		0001712543-23-000038
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230525
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230526
DATE AS OF CHANGE:		20230526

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:		23965484

	BUSINESS ADDRESS:	
		STREET 1:		700 LOUISIANA STREET
		STREET 2:		48TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		7135290900

	MAIL ADDRESS:	
		STREET 1:		700 LOUISIANA STREET
		STREET 2:		48TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUUS II INC
		DATE OF NAME CHANGE:	19970422
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_equus05252023.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 20pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><B>___________________________________________</B></P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported): May
25, 2023</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EQUUS TOTAL RETURN, INC.</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;&nbsp;&nbsp;<B>814-00098</B></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>76-0345915</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">(State or Other Jurisdiction</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">(Commission File</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">(IRS Employer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">Of Incorporation)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">Number)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">Identification No.)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>700 Louisiana Street, 48<SUP>th</SUP> Floor Houston,
    Texas</B></P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>77020</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">(Zip Code)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Registrant&rsquo;s telephone number, including area
code: (713) 529-0900</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>N/A</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former Name or Former Address, if Changed Since Last
Report)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">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 STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; background-color: white">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR &sect;240.12b-2). <FONT STYLE="font-family: MS Mincho">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: MS Mincho">&#9744;</FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 5.07</B></TD><TD><B>Submission of Matters to a Vote of Security Holders.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">At the Annual Meeting of Stockholders held on May 25,
2023 (&ldquo;Annual Meeting&rdquo;), the stockholders of the Company voted on three proposals which are described in detail in the Company&rsquo;s
Proxy Statement filed with the Securities and Exchange Commission on April 24, 2023: (i) to elect five director nominees, each for a term
of one year (&ldquo;Proposal 1&rdquo;), (ii) to ratify the appointment of BDO USA LLP as the Company&rsquo;s independent accountants for
the fiscal year ended December 31, 2023 (&ldquo;Proposal 2&rdquo;), and (iii) to approve on a non-binding advisory basis, the compensation
paid to the Company&rsquo;s named executive officers in 2022 (&ldquo;Proposal 3&rdquo;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The number of shares present at the Annual Meeting
in person or by proxy was 12,108,400, or 89.57% of shares outstanding.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">A voting report was produced by a representative of
Georgeson LLC serving as Inspector of Elections for the Annual Meeting, certifying the following results:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><U>Proposal 1 (election of directors)</U>:</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 47%; border-bottom: black 1pt solid; padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt"><B>Board of Directors Nominees</B></FONT></TD>
    <TD STYLE="width: 26%; border-bottom: black 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>For</B></FONT></TD>
    <TD STYLE="width: 27%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>Withheld</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Fraser Atkinson</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">8,525,564</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">2,368,545</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Kenneth I. Denos</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">8,525,154</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">2,368,955</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Henry W. Hankinson</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">8,525,160</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">2,368,949</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">John A. Hardy</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">8,525,160</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">2,368,949</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Robert L. Knauss</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">8,485,593</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">2,408,516</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">There were no votes against or abstained with respect
to any director nominee.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><U>Proposal 2 (ratification of auditors for fiscal 2023)</U>:</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>For</B></FONT></TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>Against</B></FONT></TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>Abstained</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">11,676,554</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">51,553</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">380,293</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><U>Proposal 3 (non-binding approval of executive compensation in 2022)</U>:</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>For</B></FONT></TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>Against</B></FONT></TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>Abstained</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">7,514,443</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2,650,071</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">729,595</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Brokers did not have discretionary voting authority
on Proposals 1 and 3.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 8.01</B></TD><TD><B>Other Events.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On May 26, 2023, the Company issued a press release
announcing the results of the Annual Meeting described in Item 5.07 above. The text of the press release is included as Exhibit 99.1 to
this Current Report and is incorporated herein by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01</B></TD><TD><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>(d) Exhibits.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><A HREF="ex991_pressrelease.htm">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press release issued on May 26, 2023 by Equus Total Return, Inc.</A></P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>SIGNATURES</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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 STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: -45pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Equus Total Return, Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Date:&nbsp;&nbsp;May 26,
    2023&#9;</FONT></TD>
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">By:&nbsp;&nbsp;<U>/s/ Kenneth I. Denos&#9;</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Name:&#9;Kenneth I. Denos</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: -45pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Title: &#9;Secretary</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991_pressrelease.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 400pt"><FONT STYLE="font-size: 10pt"><A HREF="f8k_equus05252023.htm">EXHIBIT
99.1</A></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image_001.jpg" ALT="Logo, company name&#10;&#10;Description automatically generated" STYLE="height: 79px; width: 131px"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Contact:</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Patricia Baronowski<BR>
Pristine Advisers, LLC<BR>
(631) 756-2486</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EQUUS ANNOUNCES RESULTS OF</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ANNUAL STOCKHOLDER MEETING</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>HOUSTON, TX &ndash; May 26, 2023 &ndash; </B>Equus Total Return, Inc.
(NYSE: EQS) (&ldquo;Equus&rdquo; or the &ldquo;Fund&rdquo;) announced the results of the Fund&rsquo;s Annual Meeting of Stockholders which
took place on Thursday, May 25, 2023. The purpose of the meeting was to: (i) elect five director nominees, each for a term of one year;
(ii) ratify the appointment of BDO USA LLP as the Fund&rsquo;s independent auditor for the fiscal year ended December 31, 2023; and (iii)
approve on a non-binding advisory basis, the compensation paid to the Fund&rsquo;s named executive officers in 2022.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Holders of 89.57% of the Fund&rsquo;s outstanding shares were present in
person or represented by proxy at the Annual Meeting. A majority of the stockholders approved the election of the five director nominees,
the appointment of BDO for fiscal year 2023, and the compensation paid to the Fund&rsquo;s named executive officers in 2022. The specific
voting results of the Annual Meeting are set forth in the Fund&rsquo;s Current Report on Form 8-K filed today with the Securities and
Exchange Commission.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>About Equus</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><BR>
The Fund is a business development company that trades as a closed-end fund on the New York Stock Exchange, under the symbol &quot;EQS&quot;.
Additional information on the Fund may be obtained from the Fund&rsquo;s website at www.equuscap.com.</P>

<P STYLE="font: 8.5pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: justify">This press release may contain certain
forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Fund&rsquo;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&rsquo;s filings with the
SEC. 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 any other person that the events or circumstances described
in such statements are material.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !/ (,# 2(  A$! Q$!_\0
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)HHH **** /_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
