Company: EQS
Filing Date: 2025-04-23
Form Type: PRE 14A
Source: 0001712543-25-000025
Chunk: 0

Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-04-23
Form: PRE 14A
Chunk 0
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<div align='center'>SCHEDULE 14A INFORMATION

Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No. )</div>

Filed by the Registrant☒Filed by Party other than the Registrant☐

Check the appropriate box:

| ☒ | Preliminary proxy statement                                                     |
| ☐ | Confidential, for use of the Commission only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | Definitive proxy statement                                                      |
| ☐ | Definitive additional materials                                                 |
| ☐ | Soliciting materials pursuant to Rule 14a-11(c) or Rule 14a-12                  |

<div align='center'>EQUUS TOTAL RETURN, INC.

(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)</div>

Payment of Filing Fee (Check the appropriate box):

| ☒ | No fee required.                                                         |
| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |

| (1) | Title of each class of securities to which transaction applies: |

________________________________________________________________________________________________________

| (2) | Aggregate number of securities to which transaction applies: |

_________________________________________________________________________________________________________

| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): |

_________________________________________________________________________________________________________

| (4) | Proposed maximum aggregate value of transaction: |

_________________________________________________________________________________________________________

| (5) | Total fee paid: |

________________________________________________________________________________________________________

| ☐ | Fee paid previously with preliminary materials.                                                                                                                                                                                                                               |
| ☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing fee for which the offsetting fee was paid previously. Identify the previous filing by registration number, or the form or schedule and the date of its filing. |

| (1) | Amount Previously Paid: |

__________________________________________________________________________________________________________

| (2) | Form, Schedule, or Registration Statement No.: |

_________________________________________________________________________________________________________

| (3) | Filing Party: |

_________________________________________________________________________________________________________

| (4) | Date Filed: |

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Notice of the 2025

Annual Meeting of Stock