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NEW YORK, July 23, 2018 (GLOBE NEWSWIRE) -- Cornerstone Total Return Fund, Inc. (the “Fund”) (NYSE American:CRF) is pleased to announce the completion of its one-for-three rights offering which expired on Friday, July 20, 2018 (the “Offering”). The Offering was over-subscribed. Under the terms of the Offering, record date stockholders were entitled to purchase one newly issued share of common stock of the Fund for every three rights held. The subscription price for each newly issued...
NEW YORK, June 19, 2018 (GLOBE NEWSWIRE) -- Cornerstone Total Return Fund, Inc. (the “Fund”) (NYSE American:CRF) announced today that the subscription period for its rights offering to holders of the Fund’s common stock will commence shortly after the record date. The Fund is issuing to its stockholders non-transferable rights entitling the holders to subscribe for an aggregate of 7,525,308 shares of common stock. Each stockholder is to be issued one right for each whole share owned on the...
NEW YORK, June 07, 2018 (GLOBE NEWSWIRE) -- Cornerstone Total Return Fund, Inc. (NYSE American:CRF) (the “Fund”) announced today that it has fixed the close of business on June 18, 2018 as the record date for determination of stockholders entitled to participate in the Fund’s 1-for-3 rights offering. Each stockholder will receive one non-transferable right for each share of the Fund held as of the record date. For every three rights a stockholder receives, he or she will be entitled (but...
NEW YORK, July 18, 2017 (GLOBE NEWSWIRE) -- Cornerstone Total Return Fund, Inc. (the “Fund”) (NYSE MKT:CRF) announced today that the subscription period for its rights offering to holders of the Fund’s common stock will commence shortly after the record date. The Fund is issuing to its stockholders non-transferable rights entitling the holders to subscribe for an aggregate of 4,399,176 shares of common stock. Each stockholder is to be issued one right for each whole share owned on the...
