Flaherty & Crumrine Total Return Fund Incorporated (the Fund), formerly Flaherty & Crumrine/Claymore Total Return Fund Incorporated, is a a diversified, closed-end management investment company. The Fund's primary investment objective is to provide its common shareholders with high current income. The Fund's secondary investment objective is capital appreciation. The Fund invests primarily in a diversified portfolio of preferred and debt securities. The Fund invests at least 50% of its total assets in preferred securities. The Fund invests at least 25% of its total assets in the financial sector, which for this purpose is comprised of the bank, thrifts & mortgage finance, diversified financial services, finance, consumer finance, capital markets, asset management & custody, investment banking & brokerage, insurance, insurance brokers, and real estate investment trusts (REIT) industries. BNY Mellon Investment Servicing (US) Inc. (BNY Mello), serves as the Fund's administrator.