Cornerstone Total Return Fund, Inc. (CRF) to Issue Monthly Dividend of $0.12 on May 29th

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 dividend yield of 19.1%. The ex-dividend date of this dividend is Friday, May 15th.

Cornerstone Total Return Fund Stock Up 1.1%

NYSEAMERICAN:CRF opened at $7.38 on Wednesday. The business has a 50 day simple moving average of $7.14 and a 200-day simple moving average of $7.61. Cornerstone Total Return Fund has a 1 year low of $6.56 and a 1 year high of $8.25.

Institutional Investors Weigh In On Cornerstone Total Return Fund

A number of institutional investors and hedge funds have recently modified their holdings of CRF. Chicago Partners Investment Group LLC boosted its stake in shares of Cornerstone Total Return Fund by 3.7% during the first quarter. Chicago Partners Investment Group LLC now owns 64,188 shares of the investment management company’s stock valued at $459,000 after purchasing an additional 2,303 shares during the period. Kestra Advisory Services LLC grew its stake in Cornerstone Total Return Fund by 52.3% in the 1st quarter. Kestra Advisory Services LLC now owns 28,200 shares of the investment management company’s stock worth $196,000 after acquiring an additional 9,686 shares in the last quarter. Money Concepts Capital Corp bought a new position in Cornerstone Total Return Fund in the first quarter worth approximately $88,000. Ascentis Independent Advisors purchased a new stake in shares of Cornerstone Total Return Fund during the 1st quarter worth $33,000. Finally, PFG Investments LLC increased its position in shares of Cornerstone Total Return Fund by 5.9% during the first quarter. PFG Investments LLC now owns 210,362 shares of the investment management company’s stock worth $1,462,000 after purchasing an additional 11,722 shares in the last quarter. 10.41% of the stock is owned by institutional investors.

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.