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Cornerstone Total Return Fund New

Cornerstone Total Return Fund New (CRF)

7.62
-0.03
(-0.39%)
Closed June 20 4:00PM
7.70
0.08
( 1.05% )
Pre Market: 4:12AM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
7.70
Bid
-
Ask
-
Volume
838
0.00 Day's Range 0.00
6.05 52 Week Range 8.56
Market Cap
Previous Close
7.62
Open
-
Last Trade Time
04:12:04
Financial Volume
-
VWAP
-
Average Volume (3m)
730,091
Shares Outstanding
104,199,011
Dividend Yield
16.69%
PE Ratio
4.55
Earnings Per Share (EPS)
1.68
Revenue
10.76M
Net Profit
174.59M

About Cornerstone Total Return Fund New

Cornerstone Total Return Fund Inc is a diversified closedend management company. Its objective is to seek longterm capital appreciation through investment in equity securities of U.S and nonU.S. companies. Under normal market conditions, the funds portfolio consists principally of the equity securit... Cornerstone Total Return Fund Inc is a diversified closedend management company. Its objective is to seek longterm capital appreciation through investment in equity securities of U.S and nonU.S. companies. Under normal market conditions, the funds portfolio consists principally of the equity securities of large, mid and small-capitalization companies. Equity securities in which the fund may invest include common and preferred stocks, convertible securities, warrants and other securities having the characteristics of common stocks, such as American Depositary Receipts (ADRs) and International Depositary Receipts (IDRs). It may invest up to 10% of its assets in other closed-end investment companies. Show more

Sector
Unit Inv Tr, Closed-end Mgmt
Industry
Unit Inv Tr, Closed-end Mgmt
Headquarters
New York, New York, USA
Founded
1970
Cornerstone Total Return Fund New is listed in the Unit Inv Tr, Closed-end Mgmt sector of the American Stock Exchange with ticker CRF. The last closing price for Cornerstone Total Return was $7.62. Over the last year, Cornerstone Total Return shares have traded in a share price range of $ 6.05 to $ 8.56.

Cornerstone Total Return currently has 104,199,011 shares outstanding. The market capitalization of Cornerstone Total Return is $794 million. Cornerstone Total Return has a price to earnings ratio (PE ratio) of 4.55.

CRF Latest News

Cornerstone Funds Announce Continuing Monthly Distributions

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP:...

Cornerstone Funds File Their Annual Reports

NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP:...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.050.6535947712427.657.717.585421357.63134263CS
40.11.315789473687.67.857.56156057.69485208CS
120.192.529960053267.517.857.047300917.56064036CS
260.537.391910739197.177.856.946685217.37817978CS
52-0.04-0.5167958656337.748.566.057715127.50903631CS
156-3.2-29.357798165110.914.26.057968659.29130681CS
260-3.5-31.2511.214.25.436569349.72173575CS

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CRF Discussion

View Posts
bar1080 bar1080 2 years ago
SA: Cornerstone Total Return Fund reduces monthly dividend"

https://seekingalpha.com/news/3902893-cornerstone-total-return-fund-reduces-monthly-dividend
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bar1080 bar1080 2 years ago
More terrible news for CRF

"Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution [lower] Amounts for 2023"

" NEW YORK, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP: 21924U300), (individually the β€œFund” or, collectively, the β€œFunds”), each a closed-end management investment company, announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions, which have been reset for the calendar year 2023.

https://finance.yahoo.com/news/cornerstone-funds-announce-continuing-monthly-203000155.html
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Scotttrader80 Scotttrader80 2 years ago
CRF https://reorgdocumentlibrary.broadridge.com/Client/Client?data=0522/E29682/21924U300/c
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bar1080 bar1080 2 years ago
Guess investors are waking up, smacking themselves in the head and are wondering why they didn't dump when this gimmicky bowser was selling for a huge premium to NAV.

At its core, these Cornerstone funds are just a tiny bunch of utterly ordinary blue chip stocks (like Apple, Amazon and MSFT) yielding about 1.5%.

From CRF's own site: "Although the Fund’s Common Stock has frequently traded at a premium to its net asset value during the past several years, shares of closed-end funds often trade at a discount from their net asset value." http://www.cornerstonetotalreturnfund.com/
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Porterhouse10 Porterhouse10 2 years ago
Dang, what happened here
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bar1080 bar1080 2 years ago
Ugliest chart ever... seriously!

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Scotttrader80 Scotttrader80 3 years ago
Me too, but they like telling us how lousy our picks are, LOLOLOLOLOL after banking thousands per month, too funny


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Porterhouse10 Porterhouse10 3 years ago
Prove it, lmao
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AlwaysRed AlwaysRed 3 years ago
I make 10's of thousands of dollars each month on high yield divvy stocks including this one.
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bar1080 bar1080 3 years ago
Although I'm retired, I don't focus on yield. Investors should look for quality first and then growth. Thus I own large cap blue chips and index funds. Like my bio says, I've *never* bought a penny stock or any of the comical Cornerstone-type ultra high yield rubbish IHUBers fall for.

My horizon is long.

By IHUB standards the unusual thing about my style is I almost never trade my stocks except to take a tax loss and I haven't had one in more than a decade thanks to this remarkable bull market. My oldest holdings, blue chip multi-baggers such as Cintas and Rockwell Automation, have been in my portfolio for several decades. Pedigreed stocks like those increase their payouts almost every year. Last year I received two wonderful spinoffs from my Raytheon, Carrier (the 100+ year old air conditioning company) and elevator company, OTIS. CARR has since quadrupled and raised its payout TWICE.

This is still accurate about me.
https://investorshub.advfn.com/boards/profilea.aspx?user=42712
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Porterhouse10 Porterhouse10 3 years ago
Have any favorites with room for growth and yield in this Frothy Market? Just added $SYY, also $TTD and $ GFL for purely growth no divi.
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bar1080 bar1080 3 years ago
"chasing Yield almost always ends in loss" Yes. Read my many posts on IHUB ultra high yield investments such as mREITs, BDCs, and MLPs. Don't people wonder why Buffett doesn't seem to know about those "under the radar" double-digit dividend payers? Reality is, most investors will do far better in simple, low cost, S&P 500 index funds. Need cash? Just sell off a few shares.

The Cornerstone funds may be the worst, and most gimmicky of all.

---
BTW, I see plenty of shilling going on with such stocks on IHUB and especially on Seeking Alpha.
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Porterhouse10 Porterhouse10 3 years ago
I sprinkle a few of these in there and buy perceived dips and am green and collecting monthly divi's, but chasing Yield almost always ends in loss of money. The Eaton Vance monthly payers and nice Yield have been sweet with great holdings. JMO
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bar1080 bar1080 3 years ago
You've been stung by scammy pennyland rubbish and now you're thinking of moving into a new kind of rubbish, ultra high yield stocks. High yields almost always come with high risk. You should have learned that years ago with PSEC.

Right now I own about 19 individual stocks and I have a profit in every one of them. How is that possible? Because I only own blue chips and I hold them nearly forever. Blue chips like 3M, Comcast, Rockwell Automation, UPS, Berkshire Hathaway and more.
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TMaga TMaga 3 years ago
You are absolutely right. Hopefully we learn by our mistakes.
But I only own two pennies and only one has any hopes of success. I am not overloaded in pennies.
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bar1080 bar1080 3 years ago
I can see what you buy, generally penny junk. You would have done vastly better over the years in an S&P 500 index fund, or by buying and holding a diversified portfolio of exchange-listed, large cap blue chip div payers.

CEF's can be good investments, just not the ultra high yield gimmicky ones that target retirees.
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TMaga TMaga 3 years ago
First of all let me say I did not attack you in any way or question your credibility. Lets get that straight first. I am also retired and I kind of like dividend stocks in general for the monthly or quarterly income.
I commend your investing prowness. I just trust the market in general a LOT LESS than you do. Thank You for your insight.
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TMaga TMaga 3 years ago
I feel a lot safer in a closed end fund where you are at least somewhat shielded from the MMS. Just hope the mgt team is up to the task. GLTU
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bar1080 bar1080 3 years ago
I'm a retired lawyer who's been investing successfully in stocks since age 19, decades ago. My own portfolio of blue chips is at record high, along with the Dow and S&P 500. I'm very rarely wrong when it comes to stocks.

Your first question about CRF should be: How does CRF pay out such ridiculously high dividends when its underlying portfolio consists of mundane blue chips? For example, CRF's top three holdings were Amazon, Microsoft and Apple. They pay out about 1% in dividends.

Have you looked at its payout history going back to, say, the Great Recession in 2008?
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TMaga TMaga 3 years ago
These are not generally what you would consider a growth fund where the share value with somehow skyrocket someday. They have to distribute all the profits if there are any. Closed end is also a double edged sword. Less dilution and also less liquidity if you want to sell.
At least it prevents mass dilution by the MMS"
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TMaga TMaga 3 years ago
I know back in 2020 they had a dip back to $9.00 a share and seemed to be on a recovery back up to $13.00 at one point. Seems to me everything is risky these days with all the corruption in the market in general with no SEC oversight. I wouldn't just pick on CRF with the entire market being manipulated by crooks. I will look at your posts though.
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bar1080 bar1080 3 years ago
Read all my posts on this board and those on CRF's sister fund, CLM. Both are extremely complicated, gimmicky, funds with a long history of cutting payouts.

I don't own either Cornerstone fund.
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TMaga TMaga 3 years ago
Not totally. educate me.
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TMaga TMaga 3 years ago
I have looked at 100's of dividend payers and most are reducing and some even eliminating their dividends. What is so specific or different about crf that you brought it up.
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bar1080 bar1080 3 years ago
Do you understand how CRF generates its ultra high distributions?
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TMaga TMaga 3 years ago
Basically a reit like many others.
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bar1080 bar1080 3 years ago
Do you know how CRF works?
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TMaga TMaga 3 years ago
Things will turn around. Patience is rewarded.
Covid has hurt a lot of industries and other dividend stocks are also reducing theirs.
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bar1080 bar1080 4 years ago
"Cornerstone Total Return Fund decreases dividend by ~14%"

https://seekingalpha.com/news/3633325-cornerstone-total-return-fund-decreases-dividend-14
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bar1080 bar1080 4 years ago
Need any proof? "CEFs are usually poor performers in bear markets."
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Scotttrader80 Scotttrader80 5 years ago
The actual data which will determine the monthly Distribution Amount for 2020 will not be known until the end of October 2019. However, as an example, if the value of the net assets and the number of shares outstanding were the same as those on July 31, 2019, the monthly Distribution Amount for 2020 would be reset from $0.2053 per share to $0.1934 per share for CLM and be reset from $0.1985 per share to $0.1875 per share for CRF. The actual Distribution Amount for each Fund for 2020 may be higher or lower than those shown in the above examples.

https://ih.advfn.com/stock-market/stock-news/80513987/cornerstone-funds-announce-continuing-monthly-dist
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bar1080 bar1080 5 years ago
Whoops: "CRFs are usually poor performers in bear markets." Meant to say that CEFs are usually poor performers in bear markets.
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bar1080 bar1080 5 years ago
Gimmicks aren't saving CRF. As of Friday 5/25/19 its premium declined to 4.18% from an annual peak of 21.6%. CLM might well plunge to a deep discount in an extended bear market. Nowadays this fund is full of hot money that's quick to exit in bad times. https://www.cefconnect.com/fund/CRF

CRFs are usually poor performers in bear markets.
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Scotttrader80 Scotttrader80 5 years ago
NEW YORK, May 10, 2019 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (individually the β€œFund” or, collectively, the β€œFunds”), each a closed-end management investment company, announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions.

https://finance.yahoo.com/news/cornerstone-funds-announce-continuing-monthly-203000485.html
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bar1080 bar1080 5 years ago
A better way to get CRF's NAV may be to use the symbol XCRFX. But I'm not sure that's up to date. Today that symbol shows the NAV as $9.75. If so, CRF is trading at a small discount.

I've often warned that CEF premiums can narrow or even disappear in bad times... but that drop is ridiculous! I'd certainly phone Cornerstone before making any kind of trade off those numbers.
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bar1080 bar1080 5 years ago
What the heck? Why isn't reasonably current NAV for CRF available on Cornerstone's website or CEFConnect?

http://www.cornerstonetotalreturnfund.com/net-asset-value Shows NAV as of 12/14/2018

CEFConnect shows CRF NAV as of 12/7/2018 https://www.cefconnect.com/fund/CRF
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Scotttrader80 Scotttrader80 6 years ago
$13.00's are on the way
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Scotttrader80 Scotttrader80 6 years ago
DOW has crashed 500 points this morning on weak earnings driving down stocks across the board. Luckily CRF/CLM have given guidance to keep their monthly dividend the same.

Buying opportunities all over the place
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bar1080 bar1080 6 years ago
Just Out From SA: "Equity CEFs: Are Cornerstone Funds Now Better Buys Than Some Eaton Vance Funds?"

Definitely worth reading... several times.

https://seekingalpha.com/article/4213387-equity-cefs-cornerstone-funds-now-better-buys-eaton-vance-funds
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bar1080 bar1080 6 years ago
Who's going to DRIP CRF at NAV if NAV is higher than market price? Same thing with Rights Offerings? With CRF down 4% today vs about 2% for the S&P it appears the market premium is about gone. With Cornerstone funds getting precise NAV isn't easy.

Note that CEF's numbers are not current: "As of 10/22/2018. NAV as of 10/19/2018." https://www.cefconnect.com/fund/CRF

These are certainly interesting funds. (to watch, not to own)
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Scotttrader80 Scotttrader80 6 years ago
LMMFAO that letter was penned was 6 years ago.
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bar1080 bar1080 6 years ago
Complaint to SEC about Ponzi-like qualities of Cornerstone funds.

[July 20, 2012]

"Dear Mr. Champ,Congratulations on your recent appointment as director of the Investment Management division at the SEC.

I run a small investment partnership in New York and I would like to bring some facts about the Cornerstone Funds (the Cornerstone Total Return Fund, the Cornerstone Strategic Value Fund and the Cornerstone Progressive Return Fund, trading under the ticker symbols CRF, CLM, and CFP,respectively, and managed by Ralph Bradshaw) to your attention.

I believe that the Cornerstone Funds should be examined by the SEC due to the deceptive nature of their distribution policy, the opacity and lack of communication from management and the recent capital markets transactions the Funds have engaged in. I believe that the Cornerstone Funds are perhaps exploiting less sophisticated investors through a deceitful operation that gives excessive compensation to management with negative investment results for the Funds’ investors. Though it does not appear that the Cornerstone Funds are violating securities laws, per se, they are essentially a publicly traded Ponzi scheme.

I am passing along this information so that, to the extent that you deem appropriate, you may assist in protecting the innocent investors (both current and prospective) in the Cornerstone Funds.

Thank you for your time and attention to this matter and please do not hesitate to contact me with any comments or questions.

Respectfully, Parsa Kiai"

Click for much more...including 15 pages of supporting material https://www.scribd.com/document/100643429/Cornerstone-Letter-to-SEC




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Scotttrader80 Scotttrader80 6 years ago
CRF corporate update;


https://materials.proxyvote.com/Approved/MC2885/20180815/SAR_369013.PDF
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bar1080 bar1080 6 years ago
Difference between CLM and CRF per Morningstar:

"Investment Objective Summary CLM
The Fund seeks long term capital appreciation through investment in global equity securities"

"Investment Objective Summary CRF
The Fund seeks capital appreciation with current income through investment in common stocks, preferred stocks and convertible stock of large, mid and small cap companies and investment grade US debt securities"

In practice the holdings of the two funds are quite similar from what I see.
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Scotttrader80 Scotttrader80 6 years ago
Excellent buying op for the smart people
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bar1080 bar1080 6 years ago
CRF hugely underperforming the S&P for past three months. S&P up 6.6%; CRF down 12.2%.
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Scotttrader80 Scotttrader80 6 years ago
Last day to take advantage of the R.O after the dust settles we'll see a rapid rise to old territory and a strong finish leading to December. Once CRF and CLM are even Im dumping CRF (.23) for CLM (.2365) to get that extra .0065 dividend CLM offers.
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Scotttrader80 Scotttrader80 6 years ago
June 5th CRF $16.91 CLM $17.05
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leftovers leftovers 6 years ago
I never saw 17 in the last year that I have owned it only just piercing 16. It's having a nice day today and so is the overall market!
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Scotttrader80 Scotttrader80 6 years ago
Yes its quite possible and Im reflecting on the price action a couple years back. The RO price is $13.31 ending July 20th. It'll take a few sessions to clear the dust, in that time open market order will still go through so its possible the Corners will dip a little further. Remember its only temporary. The $13.00's will be come $14.00's then $15,00's then $16.00's on up. By December we should see the $17.00's again like last year.



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