Sculptor Capital LP Buys New Holdings in Cornerstone Total Return Fund, Inc. $CRF

Sculptor Capital LP bought a new position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,768,415 shares of the investment management company’s stock, valued at approximately $19,877,000.

A number of other institutional investors have also recently bought and sold shares of CRF. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cornerstone Total Return Fund by 902.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the investment management company’s stock valued at $29,000 after buying an additional 3,357 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Cornerstone Total Return Fund during the 2nd quarter worth about $29,000. Ascentis Independent Advisors acquired a new stake in shares of Cornerstone Total Return Fund during the 1st quarter valued at about $33,000. Allworth Financial LP acquired a new stake in shares of Cornerstone Total Return Fund during the 2nd quarter valued at about $62,000. Finally, Destination Wealth Management acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN CRF opened at $6.48 on Wednesday. Cornerstone Total Return Fund, Inc. has a twelve month low of $6.44 and a twelve month high of $8.25. The company’s 50-day simple moving average is $7.04 and its 200 day simple moving average is $7.16.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.1176 per share. This represents a c) dividend on an annualized basis and a yield of 21.8%. The ex-dividend date of this dividend is Tuesday, December 15th.

Cornerstone Total Return Fund Profile

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.