Cornerstone Total Return Fund, Inc. announces an Equity Buyback.
November 13, 2014
Share
Cornerstone Total Return Fund, Inc. announces a share repurchase program. Under the program, the company will repurchase its own shares. The share repurchase program authorizes management to make open market purchases, from time to time.
Such purchases may be made opportunistically at certain discounts to net asset value per share when management reasonably believes that such repurchases may enhance shareholder value. There is no assurance that the Fund will purchase any shares or that the share repurchase program will have an impact on the liquidity or value of the Fund or the Fund's shares.
Cornerstone Total Return Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek capital appreciation with current income as a secondary objective. The Fund may invest without limitation in other closed-end investment companies, provided that the Fund limits its investment in securities issued by other investment companies so no more than 3% of the outstanding voting stock of any one investment company will be owned by the Fund. The Fund invests in various sectors, such as information technology, healthcare, consumer discretionary, communication services, financials, closed-end funds, industrials, consumer staples, exchange-traded funds (ETFs), materials, real estate, and utilities. Cornerstone Advisors, LLC serves as an investment manager for the Fund.
CORNERSTONE TOTAL RETURN FUND, INC. 
