Cornerstone Total Return Fund, Inc. Announces Monthly Dividend of $0.12 (NYSEAMERICAN:CRF)

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Friday, February 13th. Investors of record on Friday, May 15th will be paid a dividend of 0.1176 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 19.1%. The ex-dividend date is Friday, May 15th.

Cornerstone Total Return Fund Trading Up 1.1%

Shares of Cornerstone Total Return Fund stock opened at $7.38 on Wednesday. Cornerstone Total Return Fund has a twelve month low of $6.56 and a twelve month high of $8.25. The business’s fifty day moving average price is $7.14 and its 200 day moving average price is $7.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRF. Sculptor Capital LP acquired a new position in Cornerstone Total Return Fund in the second quarter valued at $18,931,000. Quarry LP boosted its holdings in Cornerstone Total Return Fund by 380.0% in the fourth quarter. Quarry LP now owns 1,260,432 shares of the investment management company’s stock valued at $10,096,000 after acquiring an additional 997,836 shares during the last quarter. Alpine Global Management LLC boosted its holdings in Cornerstone Total Return Fund by 17.2% in the third quarter. Alpine Global Management LLC now owns 3,374,217 shares of the investment management company’s stock valued at $27,129,000 after acquiring an additional 496,105 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Cornerstone Total Return Fund by 13,390.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 312,716 shares of the investment management company’s stock valued at $2,505,000 after acquiring an additional 310,398 shares during the last quarter. Finally, Kovack Advisors Inc. acquired a new position in Cornerstone Total Return Fund in the fourth quarter valued at $2,163,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.