Cornerstone Total Return Fund, Inc. (CRF) To Go Ex-Dividend on April 15th
by Jessica Moore · The Cerbat GemCornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) announced a monthly dividend on Friday, February 13th. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.1176 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 19.7%. The ex-dividend date of this dividend is Wednesday, April 15th.
Cornerstone Total Return Fund Price Performance
CRF opened at $7.15 on Monday. The business has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $7.72. Cornerstone Total Return Fund has a 52 week low of $6.30 and a 52 week high of $8.25.
Hedge Funds Weigh In On Cornerstone Total Return Fund
Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cornerstone Total Return Fund by 902.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the investment management company’s stock worth $29,000 after buying an additional 3,357 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Cornerstone Total Return Fund during the 2nd quarter worth approximately $29,000. CoreCap Advisors LLC raised its stake in shares of Cornerstone Total Return Fund by 165.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,272 shares of the investment management company’s stock worth $58,000 after buying an additional 4,537 shares in the last quarter. Destination Wealth Management purchased a new position in shares of Cornerstone Total Return Fund during the 4th quarter worth approximately $80,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Cornerstone Total Return Fund during the 4th quarter worth approximately $80,000. 10.41% of the stock is owned by hedge funds and other institutional investors.
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.