Sculptor Capital LP Has $21.75 Million Position in Cornerstone Total Return Fund, Inc. $CRF

Sculptor Capital LP boosted its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,714,710 shares of the investment management company’s stock after purchasing an additional 139,885 shares during the quarter. Sculptor Capital LP owned about 2.32% of Cornerstone Total Return Fund worth $21,745,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Firethorn Wealth Partners LLC grew its position in Cornerstone Total Return Fund by 4.4% in the 4th quarter. Firethorn Wealth Partners LLC now owns 32,688 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,387 shares during the period. Creative Financial Designs Inc. ADV grew its position in Cornerstone Total Return Fund by 4.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 37,999 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 1,483 shares during the period. Cetera Investment Advisers grew its position in Cornerstone Total Return Fund by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 48,911 shares of the investment management company’s stock valued at $379,000 after purchasing an additional 1,551 shares during the period. Fisher Asset Management LLC grew its position in Cornerstone Total Return Fund by 13.3% in the 3rd quarter. Fisher Asset Management LLC now owns 14,168 shares of the investment management company’s stock valued at $114,000 after purchasing an additional 1,660 shares during the period. Finally, Mariner LLC grew its position in Cornerstone Total Return Fund by 9.2% in the 4th quarter. Mariner LLC now owns 21,351 shares of the investment management company’s stock valued at $171,000 after purchasing an additional 1,794 shares during the period. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN CRF opened at $7.11 on Tuesday. The company has a fifty day simple moving average of $7.21 and a 200 day simple moving average of $7.49. Cornerstone Total Return Fund, Inc. has a 12-month low of $6.56 and a 12-month high of $8.25.

Cornerstone Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1176 per share. This represents a c) dividend on an annualized basis and a yield of 19.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Cornerstone Total Return Fund Company Profile

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.