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

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

Cornerstone Total Return Fund Trading Down 0.3%

Shares of CRF opened at $7.16 on Friday. Cornerstone Total Return Fund has a fifty-two week low of $6.56 and a fifty-two week high of $8.25. The company’s fifty day moving average is $7.21 and its two-hundred day moving average is $7.50.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Firethorn Wealth Partners LLC raised its holdings in shares of Cornerstone Total Return Fund by 4.4% in the 4th quarter. Firethorn Wealth Partners LLC now owns 32,688 shares of the investment management company’s stock worth $262,000 after purchasing an additional 1,387 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of Cornerstone Total Return Fund by 4.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 37,999 shares of the investment management company’s stock worth $306,000 after purchasing an additional 1,483 shares during the period. Cetera Investment Advisers increased its position in Cornerstone Total Return Fund by 3.3% during the 2nd quarter. Cetera Investment Advisers now owns 48,911 shares of the investment management company’s stock worth $379,000 after purchasing an additional 1,551 shares in the last quarter. Fisher Asset Management LLC increased its position in Cornerstone Total Return Fund by 13.3% during the 3rd quarter. Fisher Asset Management LLC now owns 14,168 shares of the investment management company’s stock worth $114,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Mariner LLC raised its holdings in Cornerstone Total Return Fund by 9.2% in the fourth quarter. Mariner LLC now owns 21,351 shares of the investment management company’s stock valued at $171,000 after buying an additional 1,794 shares during the period. 10.41% of the stock is currently owned by institutional investors and hedge funds.

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.