Company: EQS
Filing Date: 2025-05-12
Form Type: CORRESP
Source: 0001712543-25-000030
Chunk: 1

Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-05-12
Form: CORRESP
Chunk 1
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3:

On Page 2 under the heading “Who is entitled to vote at the meeting?”, please identify the actual record date.

RESPONSE: This change has been implemented.

COMMENT 4:

Because the first three proposals on the Pre14A are considered routine for broker discretionary voting, please revise your disclosure on page 4 under the subheading “ Broker Discretionary Voting” accordingly.

RESPONSE: This change has been implemented.

COMMENT 5:

For clarity and ease of understanding, please identify each of the proposals summarized on page 4 under the subheading “ Broker Discretionary Voting” by corresponding proposal number.

RESPONSE: This change has been implemented.

COMMENT 6:

For clarity and ease of understanding, please identify each of the proposals summarized on page 5 under the heading “ How are votes counted?” by corresponding proposal number.

RESPONSE: This change has been implemented.

COMMENT 7:

Under Proposal 1, if applicable, for each director, please include a column entitled “Number of Portfolios in Fund Complex Overseen by Director/Director Nominee”. Please see Item 22(b) of Schedule 14A for guidance.

RESPONSE: Equus is a single fund and is not associated
with any other funds or advisors. We therefore consider this inapplicable to Equus.

700 LOUISIANA STREET

41 STFLOOR

HOUSTON, TX 77002

TEL: (713) 529-0900

FAX: (713) 529-9545

Ms. Soo Im-Tang

Division of Investment Management

U.S. Securities and Exchange Commission

May 12, 2025

Page 3 of 5

COMMENT 8:

Under Proposal 1, if applicable, for each director, please explain any family relationships of each director listed. Please see Item 22(b) of Schedule 14A for guidance.

RESPONSE: There are no family relationships of any
kind, as defined pursuant to Item 22(b) of Schedule 14A, regarding any of the Equus directors nominated for election.

COMMENT 9:

Under Proposal 1, if applicable, for each director, please confirm that all applicable disclosures required under Item 22(b) of Schedule 14A have been included in the Pre14A.

RESPONSE: All applicable disclosures required under
Item 22(b) of Schedule 14A have been included.

COMMENT 10:

Under Proposal 2, for the last two fiscal years, please disclose the aggregate non