Company: EQS
Filing Date: 2025-05-12
Form Type: DEF 14A
Source: 0001712543-25-000028
Chunk: 68

Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-05-12
Form: DEF 14A
Chunk 68
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 WILL BE VOTED IN THE MANNER DIRECTED HEREIN. IF NO DIRECTION IS MADE, THE PROXY WILL BE VOTED FOR ELECTION OF DIRECTORS. |                                                                                                                                                                                                                                                                                                                                                                                    |                                    |     |      |     |     |     |          |                          |     |         |     |                                                  |     |     |      |     |         |     |         |
|                          | -NOTE: Please sign exactly as your name(s) appear(s) hereon. All holders must sign. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. If a corporation, please sign in full corporate name by authorized officer. If a partnership, please sign in partnership name by authorized person. |                                                                                                                                                                                                                                                                                                                                                                                    |                                    |     |      |     |     |     |          |                          |     |         |     |                                                  |     |     |      |     |         |     |         |
|                          |                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                    | Signature [PLEASE SIGN WITHIN BOX] |     | Date |     |     |     |          | Signature (Joint Owners) |     |         |     |                                                  |     |     | Date |     |         |     |         |

<div align='center'>Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting:

The Notice and Proxy Statement and Annual Report
are available at http://www.equuscap.com/investor_reports.htm.</div>

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