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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Friday, February 13th. Shareholders of record on Monday, June 15th will be given a dividend of 0.1176 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 19.7%. The ex-dividend date is Monday, June 15th.

Cornerstone Total Return Fund Stock Down 0.3%

Cornerstone Total Return Fund stock opened at $7.16 on Friday. Cornerstone Total Return Fund has a 12-month low of $6.56 and a 12-month high of $8.25. The firm’s 50-day moving average is $7.21 and its two-hundred day moving average is $7.50.

Institutional Trading of Cornerstone Total Return Fund

Hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Cornerstone Total Return Fund in the 2nd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cornerstone Total Return Fund by 902.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the investment management company’s stock worth $29,000 after purchasing an additional 3,357 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Cornerstone Total Return Fund during the first quarter worth $33,000. CoreCap Advisors LLC grew its position in shares of Cornerstone Total Return Fund by 165.9% in the fourth quarter. CoreCap Advisors LLC now owns 7,272 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 4,537 shares during the period. Finally, Destination Wealth Management purchased a new stake in shares of Cornerstone Total Return Fund in the fourth quarter valued at $80,000. 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.