Business NewsMarketWire • Cornerstone Funds Announce Completion of Reverse Stock Splits

Cornerstone Funds Announce Completion of Reverse Stock Splits

Cornerstone Funds Announce Completion of Reverse Stock Splits

NEW YORK, NY--(Marketwired - Dec 29, 2014) - Cornerstone Progressive Return Fund (NYSE MKT: CFP), Cornerstone Strategic Value Fund, Inc. (NYSE MKT: CLM) and Cornerstone Total Return Fund, Inc. (NYSE MKT: CRF), (individually the "Fund" and collectively, the "Funds"), each a closed-end management investment company, announced that the previously disclosed one-for-four reverse stock split ("Reverse Split") for each Fund was executed today prior to the opening of trading on the NYSE MKT exchange. Trading of the Funds' shares on a split-adjusted basis will begin today under new CUSIP numbers of 21924B302 for CLM, 21924U300 for CRF and 21925C200 for CFP.

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