Cornerstone Total Return Fund, Inc. (CRF) to Issue Monthly Dividend of $0.12 on November 30th

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, August 17th. Stockholders of record on Friday, November 13th will be given a dividend of 0.1176 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 21.6%. The ex-dividend date of this dividend is Friday, November 13th.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN CRF opened at $6.53 on Wednesday. The company has a 50 day moving average of $7.10 and a 200 day moving average of $7.20. Cornerstone Total Return Fund has a twelve month low of $6.47 and a twelve month high of $8.25.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Several institutional investors have recently bought and sold shares of CRF. Sculptor Capital LP bought a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at approximately $19,877,000. Almitas Capital LLC bought a new stake in Cornerstone Total Return Fund in the second quarter worth $11,289,000. Quarry LP lifted its position 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 worth $10,096,000 after buying an additional 997,836 shares during the last quarter. Cable Car Capital LP bought a new stake in Cornerstone Total Return Fund in the second quarter worth $4,757,000. Finally, Perennial Investment Advisors LLC purchased a new position in Cornerstone Total Return Fund during the second quarter worth $3,597,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Company Profile

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.