Boothbay Fund Management LLC Lowers Position in Cornerstone Total Return Fund, Inc. $CRF

Boothbay Fund Management LLC cut its stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 58.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,269,891 shares of the investment management company’s stock after selling 1,766,793 shares during the quarter. Boothbay Fund Management LLC owned 1.09% of Cornerstone Total Return Fund worth $10,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alpine Global Management LLC raised its stake in shares of Cornerstone Total Return Fund by 17.2% in the third quarter. Alpine Global Management LLC now owns 3,374,217 shares of the investment management company’s stock worth $27,129,000 after purchasing an additional 496,105 shares during the last quarter. Sculptor Capital LP raised its stake in shares of Cornerstone Total Return Fund by 5.4% in the fourth quarter. Sculptor Capital LP now owns 2,714,710 shares of the investment management company’s stock worth $21,745,000 after purchasing an additional 139,885 shares during the last quarter. LPL Financial LLC raised its stake in shares of Cornerstone Total Return Fund by 5.9% in the fourth quarter. LPL Financial LLC now owns 1,885,667 shares of the investment management company’s stock worth $15,104,000 after purchasing an additional 105,444 shares during the last quarter. Quarry LP raised its stake in shares of Cornerstone Total Return Fund by 380.0% in the fourth quarter. Quarry LP now owns 1,260,432 shares of the investment management company’s stock worth $10,096,000 after purchasing an additional 997,836 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Cornerstone Total Return Fund by 20.0% in the fourth quarter. Osaic Holdings Inc. now owns 801,306 shares of the investment management company’s stock worth $6,418,000 after purchasing an additional 133,408 shares during the last quarter. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Price Performance

Shares of Cornerstone Total Return Fund stock opened at $7.08 on Thursday. The business has a 50 day moving average price of $7.21 and a 200-day moving average price of $7.48. Cornerstone Total Return Fund, Inc. has a 52 week low of $6.56 and a 52 week high of $8.25.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.1176 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 19.9%.

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.