Failure to Satisfy Listing Rule Form 8 K

Due to the recent passing of Robert L. Knauss, Chairman of the Board of Directors of Equus Total Return, Inc. ("Equus" or the "Company"), on November 1, 2024, the Company received notice from the New York Stock Exchange ("NYSE") that it did not meet the requirements of Sections 303A.01 and 303A.07(a) of the NYSE Listed Company Manual. Section 303A.01 of the Listed Company Manual requires Equus to have a majority of independent directors on its Board, and Section 303A.01(a) requires Equus to have three members on its Audit Committee. The Company has begun the process of identifying and recruiting a new independent director to satisfy these requirements.