Cornerstone Total Return Fund, Inc. Announces Monthly Distributions, Payable on July 31, 2019, August 30, 2019 and September 30, 2019 Respectively
May 10, 2019 at 04:30 pm EDT
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Cornerstone Total Return Fund, Inc. announced fund’s that previously adopted monthly distribution distribution policy, the fund is declared dividend of $0.1985 per share, payable on July 31, 2019, August 30, 2019 and September 30, 2019 to the shareholders of record date on July 15, 2019, August 15, 2019 and September 16, 2019, respectively.
Cornerstone Total Return Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek capital appreciation with current income as a secondary objective. The Fund may invest without limitation in other closed-end investment companies, provided that the Fund limits its investment in securities issued by other investment companies so no more than 3% of the outstanding voting stock of any one investment company will be owned by the Fund. The Fund invests in various sectors, such as information technology, healthcare, consumer discretionary, communication services, financials, closed-end funds, industrials, consumer staples, exchange-traded funds (ETFs), materials, real estate, and utilities. Cornerstone Advisors, LLC serves as an investment manager for the Fund.