Cornerstone Total Return Fund, Inc. Announces Completion Of Rights Offering

Group 1 - The Cornerstone Total Return Fund, Inc. completed a one-for-three rights offering, allowing stockholders to purchase one new share for every three rights held, with a subscription price set at $6.97 [1][3] - The Fund received requests for approximately $207 million in shares, indicating strong demand, and anticipates issuing over-subscription shares under the additional subscription privilege [2] - The subscription price of $6.97 is higher than the initially estimated price of $6.29, and shares are expected to be issued around May 22, 2025 [3] Group 2 - Cornerstone Total Return Fund, Inc. is a closed-end, diversified management investment company registered with the SEC under the Investment Company Act of 1940 [4] - The Fund is traded on the NYSE American under the symbol "CRF" and is advised by Cornerstone Advisors, LLC, which also advises another closed-end fund, Cornerstone Strategic Investment Fund, Inc. [5]