EQUUS TOTAL RETURN, INC. (NYSE:EQS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On April 19, 2017, Equus Total Return, Inc. (the Company) entered
into a consulting agreement (Consulting Agreement), effective
April 1, 2017, with Bertrand des Pallieres, a director of the
Company. The Consulting Agreement provides for consulting
services to be provided by Mr. des Pallieres, as requested by the
Company from time to time, at the rate of $300 per hour, and is
terminable upon 30 days notice.

About EQUUS TOTAL RETURN, INC. (NYSE:EQS)

Equus Total Return, Inc. (the Fund) is a closed-end management investment company. The Fund is a business development company whose investment objective is to maximize the total return to its 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. In addition, it may invest with other co-investors, including private equity firms, business development companies, small business investment companies, venture capital groups, institutional investors and individual investors. It invests in a range of sectors, including energy, media, business products and services, shipping products and services, financial services and others. The Fund’s investments in portfolio securities consist of fixed-rate debt securities, limited liability company investments, common stock, and secured and subordinated debt.

EQUUS TOTAL RETURN, INC. (NYSE:EQS) Recent Trading Information

EQUUS TOTAL RETURN, INC. (NYSE:EQS) closed its last trading session down -0.02 at 2.44 with 4,696 shares trading hands.