Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Vice Chairman Joshua Bradshaw Acquires 20,000 Shares of Company Stock

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) Vice Chairman Joshua Bradshaw purchased 20,000 shares of the stock in a transaction on Tuesday, October 20th. The stock was acquired at an average cost of $5.88 per share, for a total transaction of $117,600.00. Following the completion of the acquisition, the insider owned 20,484 shares of the company’s stock, valued at $120,445.92. The trade was a 4,132.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cornerstone Total Return Fund Stock Up 1.5%

Shares of CRF opened at $5.96 on Thursday. The business’s 50-day moving average is $6.29 and its two-hundred day moving average is $6.86. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $5.82 and a fifty-two week high of $8.16.

Cornerstone Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.1176 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 23.7%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRF. Sculptor Capital LP grew its stake in shares of Cornerstone Total Return Fund by 2.1% during the 1st quarter. Sculptor Capital LP now owns 2,771,562 shares of the investment management company’s stock worth $19,262,000 after purchasing an additional 56,852 shares during the period. Almitas Capital LLC purchased a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at approximately $11,289,000. Cable Car Capital LP acquired a new position in shares of Cornerstone Total Return Fund in the 2nd quarter valued at $4,757,000. Advisory Solutions Group LLC acquired a new position in shares of Cornerstone Total Return Fund in the 2nd quarter valued at $4,266,000. Finally, Perennial Investment Advisors LLC acquired a new position in shares of Cornerstone Total Return Fund in the 2nd quarter valued at $3,597,000. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

About Cornerstone Total Return Fund

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