Cornerstone Funds Announce Continuing
Monthly Distributions
May 14, 2010 04:52 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Cornerstone Strategic Value Fund, Inc. (NYSE Amex: CLM) and
Cornerstone Total Return Fund, Inc. (NYSE Amex: CRF), (individually the “Fund” or, collectively, the “Funds”),
each a closed-end management investment company, today announced that in keeping with each Fund’s previously
adopted monthly distribution policy, each Fund is declaring the following distributions:
Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution
Amount”) annually, based on the Fund’s net asset value on the last business day of each October and the annualized
Distribution Percentage approved by the Boards. Each Board previously announced that the Distribution Percentage
for the calendar year 2010 would remain unchanged from the previous year at 21% of the net asset value of each
Fund.
Each Board of Directors believes that each Fund’s distribution policy maintains a stable, high rate of distribution.
These distributions are not tied to the Fund’s investment income or capital gains and do not represent yield or
investment return on the Fund’s portfolio. The Distribution Amount from one calendar year to the next will increase
or decrease based on the change in each Fund’s net asset value. The terms of each distribution policy will be
reviewed and approved at least annually by the respective Board of Directors and, as always, can be modified at
their discretion for the benefit of the Fund and its stockholders.
Each Fund’s Board of Directors remains convinced that its shareholders are well served by a policy of regular
distributions which increase liquidity and provide flexibility to individual shareholders in managing their investment.
Shareholders have the option of reinvesting these distributions in additional shares of the Fund or receiving them in
cash. Shareholders may consider reinvesting all or a portio