Sculptor Capital LP Boosts Stock Holdings in Cornerstone Total Return Fund, Inc. $CRF

Sculptor Capital LP grew its position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,714,710 shares of the investment management company’s stock after acquiring an additional 139,885 shares during the quarter. Sculptor Capital LP’s holdings in Cornerstone Total Return Fund were worth $21,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Mariner LLC boosted its holdings in Cornerstone Total Return Fund by 9.2% during the 4th quarter. Mariner LLC now owns 21,351 shares of the investment management company’s stock worth $171,000 after acquiring an additional 1,794 shares during the last quarter. Destination Wealth Management purchased a new position in Cornerstone Total Return Fund during the 4th quarter worth $80,000. Quarry LP boosted its holdings in Cornerstone Total Return Fund by 380.0% during the 4th quarter. Quarry LP now owns 1,260,432 shares of the investment management company’s stock worth $10,096,000 after acquiring an additional 997,836 shares during the last quarter. Jane Street Group LLC boosted its holdings in Cornerstone Total Return Fund by 282.5% during the 4th quarter. Jane Street Group LLC now owns 116,177 shares of the investment management company’s stock worth $931,000 after acquiring an additional 85,806 shares during the last quarter. Finally, HRT Financial LP purchased a new position in Cornerstone Total Return Fund during the 4th quarter worth $387,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Trading Down 0.7%

NYSEAMERICAN CRF opened at $7.11 on Tuesday. Cornerstone Total Return Fund, Inc. has a one year low of $6.56 and a one year high of $8.25. The business’s fifty day moving average is $7.21 and its 200-day moving average is $7.49.

Cornerstone Total Return Fund Dividend Announcement

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

Cornerstone Total Return Fund 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.