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Cornerstone Progressive Return Fund (NYSE:CFP) President Ralph W. Bradshaw purchased 5,121 shares of Cornerstone Progressive Return Fund stock on the open market in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $4.61 per share, for a total transaction of $23,607.81. Following the completion of the transaction, the president now directly owns 3 shares in the company, valued at approximately $14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Cornerstone Progressive Return Fund (NYSE:CFP) traded up 0.85% on Friday, hitting $4.72. 1,356,310 shares of the company’s stock traded hands. Cornerstone Progressive Return Fund has a one year low of $4.58 and a one year high of $6.00. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $5.16.

The company also recently announced a monthly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.0773 per share. This represents a $0.93 annualized dividend and a dividend yield of 19.65%. The ex-dividend date is Thursday, September 11th.

Cornerstone Progressive Return Fund (NYSE:CFP) is a closed-end, diversified investment company.

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