Cornerstone Funds Announce Continuing Monthly Distributions and Approval of New Investment Management Agreements
Cornerstone Strategic Value Fund, Inc. New (CLM)
NASDAQ:AMEX Investor Relations:
cornerstonestrategicvaluefund.com
Company Research
Source: GlobeNewswire
NEW YORK, May 10, 2019 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment company, announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions. Record Date Payable DatePer ShareCLMJuly 15, 2019July 31, 2019$0.2053CLMAugust 15, 2019August 30, 2019$0.2053CLMSeptember 16, 2019September 30, 2019$0.2053 CRFJuly 15, 2019July 31, 2019$0.1985CRFAugust 15, 2019August 30, 2019$0.1985CRFSeptember 16, 2019September 30, 2019$0.1985 At each Fund’s annual meeting of stockholders held on April 16, 2019, stockholders of each Fund approved a new investment agreement with Cornerstone Advisors Asset Management LLC (the “Adviser”). As disclosed in each Fund’s proxy statement, it is anticipated that the Adviser’s name will soon b
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