Cornerstone Progressive Return Fund (CFP) Stock Price, News & Analysis

Company Overview

Cornerstone Progressive Return Fund (NYSEMKT: CFP) is an interval closed-end investment company that seeks total return through a combination of current income and capital appreciation. The Fund primarily targets a diversified portfolio of convertible securities and other income-producing debt and equity instruments. By blending exposure to both fixed-income and equity markets, it aims to offer investors an alternative source of yield and potential growth compared to traditional bond or equity funds.

The Fund’s core holdings typically include convertible bonds, convertible preferred stock, high-yield corporate debt and, to a lesser extent, common stock and warrants. Convertible securities provide the potential for upside participation in equity markets while offering fixed-income characteristics such as regular coupon payments. To manage risk and enhance return potential, the Fund may utilize derivative strategies, including option overlays and convertible arbitrage techniques, alongside its core investment strategy.

As an interval fund, Cornerstone Progressive Return Fund does not trade continuously on an exchange but instead offers quarterly repurchase offers, providing shareholders periodic liquidity at net asset value. This structure allows the portfolio management team to maintain a long-term investment horizon and pursue opportunities in less liquid segments of the convertible and high-yield markets without the pressure of daily redemptions.

Since commencing operations in 2010, the Fund has been managed by Cornerstone Capital Management, LLC, an SEC-registered investment adviser with experience in global credit and convertible markets. The Fund is organized as a closed-end investment company under the Investment Company Act of 1940 and is classified as non-diversified, allowing it to make more concentrated bets in high-conviction positions. Its global mandate encompasses issuers in North America, Europe and select emerging markets, providing investors with exposure to a broad array of sectors and geographies.

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CFP Stock Analysis - Frequently Asked Questions

How do I buy shares of Cornerstone Progressive Return Fund?

Shares of CFP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Cornerstone Progressive Return Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cornerstone Progressive Return Fund investors own include Cornerstone Strategic Investment Fund (CLM), Pacific Coast Oil Trust (ROYT), C3.ai (AI), ARMOUR Residential REIT (ARR), Bank of America (BAC), BlackBerry (BB) and Cornerstone Total Return Fund (CRF).

Industry, Sector and Symbol

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• Current Symbol: NYSEMKT:CFP
• Previous Symbol: NYSE:CFP
• CIK: 1399186
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• Phone: +1-866-6686558
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Profitability

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Miscellaneous

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