FLAHERTY & CRUMRINE TOTAL RETURN FUND INC

Flaherty & Crumrine Total Return Fund Inc. is a closed-ended balanced mutual fund that invests in the public equity and fixed income markets of the United States. Launched and managed by Flaherty & Crumrine Incorporated, the fund seeks to invest in stocks of companies primarily operating within the utilities and banking sectors. Its investment strategy focuses on investment-grade securities, specifically preferred securities and other income-producing debt securities. The fund measures its portfolio's performance against two benchmarks: the Barclays Capital U.S. Aggregate Index and the S&P 500 Index. Flaherty & Crumrine Total Return Fund Inc. was established on August 26, 2003, and is domiciled in the United States. It was previously known as Flaherty & Crumrine/Claymore Total Return Fund, Inc.