Cornerstone Total Return Fund, Inc. Announces Rights Offering

Core Points - Cornerstone Total Return Fund, Inc. announced a 1-for-3 rights offering, pending SEC approval, with a record date of April 21, 2025 [1] - The Fund will issue a total of 39,475,678 non-transferable rights to stockholders, allowing them to purchase new shares at a subscription price based on net asset value or market price [1] - The subscription period will begin after the record date and will end on May 16, 2025, unless extended [2] Subscription Details - Each stockholder will receive one right for each share held as of the record date, with rights rounded to the nearest whole number divisible by three [1] - Stockholders can purchase one new share for every three rights held, with the subscription price being the greater of 112% of net asset value or 80% of the market price at expiration [1] - An over-allotment option will be available for stockholders who fully subscribe in the primary offering [1] Share Issuance - Shares will be issued within 15 days following the record date of the Fund's May 2025 monthly distribution [3] - Stockholders exercising their rights will not receive the monthly distribution for shares purchased through the rights offering [3]