Cable Car Capital LP Buys Shares of 662,510 Cornerstone Total Return Fund, Inc. $CRF

Cable Car Capital LP purchased a new position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) during the second quarter, HoldingsChannel.com reports. The fund purchased 662,510 shares of the investment management company’s stock, valued at approximately $4,757,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sculptor Capital LP raised its stake in Cornerstone Total Return Fund by 2.1% during the first quarter. Sculptor Capital LP now owns 2,771,562 shares of the investment management company’s stock valued at $19,262,000 after buying an additional 56,852 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Cornerstone Total Return Fund by 5.9% during the fourth quarter. LPL Financial LLC now owns 1,885,667 shares of the investment management company’s stock valued at $15,104,000 after acquiring an additional 105,444 shares in the last quarter. Quarry LP increased its holdings in shares of Cornerstone Total Return Fund by 380.0% during the fourth quarter. Quarry LP now owns 1,260,432 shares of the investment management company’s stock valued at $10,096,000 after acquiring an additional 997,836 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Cornerstone Total Return Fund by 20.0% in the 4th quarter. Osaic Holdings Inc. now owns 801,306 shares of the investment management company’s stock worth $6,418,000 after purchasing an additional 133,408 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Cornerstone Total Return Fund by 25.9% in the 3rd quarter. Raymond James Financial Inc. now owns 503,559 shares of the investment management company’s stock worth $4,049,000 after purchasing an additional 103,640 shares in the last quarter. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

Shares of CRF stock opened at $6.48 on Wednesday. Cornerstone Total Return Fund, Inc. has a one year low of $6.44 and a one year high of $8.25. The company’s 50-day moving average is $7.04 and its 200 day moving average is $7.16.

Cornerstone Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.1176 dividend. This represents a c) annualized dividend and a dividend yield of 21.8%. The ex-dividend date is Tuesday, December 15th.

About Cornerstone Total Return Fund

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.