Cornerstone Total Return Fund, Inc. $CRF is Yakira Capital Management Inc.'s 2nd Largest Position

Key Points

• Yakira Capital Management cut its stake in Cornerstone Total Return Fund by 19.8% in Q3, selling 395,312 shares and now holding 1,596,540 shares; CRF represents about 4.5% of Yakira’s portfolio and Yakira owns roughly 1.36% of CRF (≈$12.84M), making it the firm's second-largest position.
• Dividend announced: Cornerstone declared a monthly payout of $0.1176 per share payable June 30 to holders of record June 15 (ex-dividend date June 15), implying an annualized yield of about 19.5%.
• CRF opened at $7.22, trading below its 50-day ($7.73) and 200-day ($7.88) moving averages with a 12‑month range of $5.81–$8.25, and about 10.41% of the stock is held by hedge funds and other institutional investors.

Yakira Capital Management Inc. lowered its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 19.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,596,540 shares of the investment management company's stock after selling 395,312 shares during the quarter. Cornerstone Total Return Fund accounts for about 4.5% of Yakira Capital Management Inc.'s holdings, making the stock its 2nd biggest position. Yakira Capital Management Inc. owned about 1.36% of Cornerstone Total Return Fund worth $12,836,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Cornerstone Total Return Fund in the 1st quarter valued at about $448,000. Moors & Cabot Inc. purchased a new stake in Cornerstone Total Return Fund during the second quarter worth about $106,000. Allworth Financial LP purchased a new stake in Cornerstone Total Return Fund during the second quarter worth about $67,000. Cetera Investment Advisers grew its position in Cornerstone Total Return Fund by 3.3% during the second quarter. Cetera Investment Advisers now owns 48,911 shares of the investment management company's stock worth $379,000 after buying an additional 1,551 shares during the period. Finally, Perennial Investment Advisors LLC increased its holdings in Cornerstone Total Return Fund by 12.6% in the second quarter. Perennial Investment Advisors LLC now owns 457,215 shares of the investment management company's stock valued at $3,543,000 after buying an additional 51,075 shares in the last quarter. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Trading Down 1.2%

CRF stock opened at $7.22 on Monday. The firm has a 50 day moving average of $7.73 and a 200-day moving average of $7.88. Cornerstone Total Return Fund, Inc. has a 12-month low of $5.81 and a 12-month high of $8.25.

Cornerstone Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.1176 dividend. This represents a c) annualized dividend and a yield of 19.5%. The ex-dividend date of this dividend is Monday, June 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.

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