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Cornerstone Strategic Value Fund, Inc. and Cornerstone Total Return Fund, Inc. Announce Record Date Change for November 2013 Distributions

NEW YORK, NY--(Marketwired - Oct 18, 2013) - Cornerstone Strategic Value Fund, Inc. ( NYSE MKT : CLM ) and Cornerstone Total Return Fund, Inc. ( NYSE MKT : CRF ), (individually the "Fund" or, collectively, the "Funds"), each a closed-end management investment company, today announced a record date change for the previously announced November 2013 distributions. The Funds are adjusting the record date from November 15, 2013 to November 22, 2013. The payable date of November 29, 2013 remains the same.

Shares from any rights offerings will be issued within the 15-day period immediately following the record date of the Funds' monthly distributions and stockholders exercising rights will not be entitled to receive such distributions with respect to the shares issued pursuant to such exercise.

Cornerstone Strategic Value Fund, Inc. and Cornerstone Total Return Fund, Inc. are traded on the NYSE MKT LLC under the trading symbols "CLM" and "CRF", respectively. Each Fund's Advisor also serves as investment adviser to another closed-end fund, Cornerstone Progressive Return Fund ( NYSE MKT : CFP ). For more information regarding each Fund please visit www.cornerstonestrategicvaluefund.com, www.cornerstonetotalreturnfund.com and www.cornerstoneprogressivereturnfund.com.

Past performance is no guarantee of future performance. An investment in a Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price that is more or less than the original purchase price or the net asset value. An investor should carefully consider a Fund's investment objective, risks, charges and expenses. Please read a Fund's disclosure documents before investing.

In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on the Fund's investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in the Fund's disclosure documents, filed with the SEC, and actual trends, developments and regulations, in the future and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.