Cornerstone Total Return Fund, Inc. (CRF) to Distribute Monthly Dividend of $0.12 on October 30th

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, August 17th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.1176 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 21.6%. The ex-dividend date is Thursday, October 15th.

Cornerstone Total Return Fund Trading Down 2.0%

NYSEAMERICAN:CRF opened at $6.53 on Wednesday. Cornerstone Total Return Fund has a 12 month low of $6.47 and a 12 month high of $8.25. The business’s 50-day moving average is $7.10 and its 200 day moving average is $7.20.

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.