DividendMay 8, 2026, 04:32 PM
Cornerstone Total Return Fund Declares Monthly Distributions of $0.1176
AI Summary
Cornerstone Total Return Fund Inc. (CRF) announced its monthly distributions for July, August, and September 2026, maintaining a per-share amount of $0.1176. These distributions are part of the Fund's previously adopted monthly distribution policy, which is reset annually based on net asset value and an annualized percentage. The Fund anticipates a portion of these distributions for 2026 may consist of a return of capital, which reduces the stockholder's cost basis.
Key Highlights
- CRF declared a monthly distribution of $0.1176 per share for July 2026.
- CRF declared a monthly distribution of $0.1176 per share for August 2026.
- CRF declared a monthly distribution of $0.1176 per share for September 2026.
- The July distribution has a record date of July 15, 2026, and is payable on July 31, 2026.
- The August distribution has a record date of August 14, 2026, and is payable on August 31, 2026.
- The September distribution has a record date of September 15, 2026, and is payable on September 30, 2026.
- A portion of the 2026 distributions is expected to be a return of capital, reducing cost basis.
- The Board has approved a share repurchase program for opportunistic open market purchases.
Price Impact