Flaherty & Crumrine (FLC) director files Form 3 showing no securities owned

Rhea-AI Filing Summary

Flaherty & Crumrine Total Return Fund Inc. director reports no holdings. On 01/21/2026, director Kevin Michael Maxwell filed an initial ownership report stating that no securities of FLC are beneficially owned, and no derivative securities are listed.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Maxwell Kevin Michael

(Last) (First) (Middle)

301 E. COLORADO BLVD, SUITE 800

(Street)

PASADENA CA 91101

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/21/2026

3. Issuer Name and Ticker or Trading Symbol
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC [ FLC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Chad Conwell as Attorney-in-Fact	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed this Form 3 for Flaherty & Crumrine Total Return Fund Inc. (FLC)?

The Form 3 was filed by Kevin Michael Maxwell, who is identified as a director of Flaherty & Crumrine Total Return Fund Inc. The filing indicates he is not an officer and not a 10% owner of FLC.

What date triggered the Form 3 filing for FLC?

The event requiring this Form 3 was dated 01/21/2026. This date reflects when Kevin Michael Maxwell’s reportable relationship with Flaherty & Crumrine Total Return Fund Inc. began for Section 16 reporting purposes under the federal securities laws.

What is Kevin Michael Maxwell’s relationship to FLC in this filing?

Kevin Michael Maxwell is reported as a director of Flaherty & Crumrine Total Return Fund Inc. He is not listed as an officer, is not a 10% owner, and no additional "other" relationship is specified in the filing.

Does the Form 3 show any FLC shares beneficially owned by the director?

The filing states that no securities are beneficially owned. Table I for non-derivative securities and Table II for derivative securities do not list any positions for Kevin Michael Maxwell in Flaherty & Crumrine Total Return Fund Inc.

Are there any derivative securities reported for FLC in this Form 3?

No derivative securities are reported. Table II, which would list options, warrants, or other derivatives, contains no entries, and the remarks section confirms that no securities are beneficially owned by the reporting director at this time.

Who signed the Form 3 related to FLC and how was it executed?

The Form 3 was signed /s/ Chad Conwell as Attorney-in-Fact on 02/06/2026. This indicates the document was executed under a power of attorney, referenced as Exhibit 24 in the remarks section of the filing.