| Previous Close | 11.73 |
| Open | 11.77 |
| Bid | 11.75 x 800 |
| Ask | 11.77 x 800 |
| Day's Range | 11.72 - 11.78 |
| 52 Week Range | 9.31 - 14.54 |
| Volume | 150,998 |
| Avg. Volume | 436,880 |
| Market Cap | 855.55M |
| Beta (3Y Monthly) | -0.31 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.80 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.46 (20.99%) |
| Ex-Dividend Date | 2019-08-14 |
| 1y Target Est | N/A |
At each Fund’s annual meeting of stockholders held on April 16, 2019, stockholders of each Fund approved a new investment agreement with Cornerstone Advisors Asset Management LLC (the “Adviser”). Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution Amount”) annually, based on each Fund’s net asset value on the last business day of October and the annualized distribution percentage approved by the respective Board of Directors (individually the “Board”, or collectively, the “Boards”). Each Board believes each Fund’s distribution policy maintains a stable, high rate of distribution.
Cornerstone Strategic Value Fund, Inc. (“CLM”) and Cornerstone Total Return Fund, Inc. (“CRF”) (individually the “Fund” or, collectively, the “Funds”) have each filed copies of their annual report on Form N-CSR with the U.S. Securities and Exchange Commission (“SEC”). Each report includes audited financial statements for the fiscal year ended December 31, 2018. The annual reports are available online at www.cornerstonestrategicvaluefund.com and www.cornerstonetotalreturnfund.com.
Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution Amount”) annually, based on each Fund’s net asset value on the last business day of October and the annualized distribution percentage approved by the respective Board of Directors (individually the “Board”, or collectively, the “Boards”). Each Board believes each Fund’s distribution policy maintains a stable, high rate of distribution. The terms of each distribution policy will be reviewed and approved at least annually by each Fund’s Board and may be modified at their discretion for the benefit of each Fund and its stockholders.
Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment company, announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions, which have been reset for the calendar year 2019. Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution Amount”) annually, based on the Fund’s net asset value on the last business day of October and the annualized distribution percentage approved by the respective Board of Directors (individually the “Board”, or collectively, the “Boards”).