Alpine Global Management LLC Has $27.13 Million Stake in Cornerstone Total Return Fund, Inc. $CRF

Alpine Global Management LLC lifted its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,374,217 shares of the investment management company’s stock after purchasing an additional 496,105 shares during the period. Cornerstone Total Return Fund comprises 4.3% of Alpine Global Management LLC’s holdings, making the stock its 4th biggest holding. Alpine Global Management LLC owned about 2.88% of Cornerstone Total Return Fund worth $27,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CRF. Newbridge Financial Services Group Inc. bought a new stake in shares of Cornerstone Total Return Fund in the 2nd quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $29,000 after acquiring an additional 3,357 shares in the last quarter. Anfield Capital Management LLC bought a new stake in Cornerstone Total Return Fund in the second quarter valued at $52,000. Allworth Financial LP acquired a new stake in shares of Cornerstone Total Return Fund during the second quarter worth approximately $67,000. Finally, Kane Investment Management Inc. acquired a new position in Cornerstone Total Return Fund during the 3rd quarter worth about $81,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Trading Up 0.7%

Shares of CRF opened at $7.13 on Wednesday. Cornerstone Total Return Fund, Inc. has a 52 week low of $5.81 and a 52 week high of $8.25. The business’s fifty day moving average price is $7.62 and its two-hundred day moving average price is $7.84.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.1176 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 19.8%.

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.