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Cornerstone Strategic Value Fund (CLM)

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                     $$$$$$$$$$  CORNERSTONE PROGRESSIVE RETURN FUND  $$$$$$$$$$                                       


The Fund makes monthly distributions to shareholders at a rate that may include periodic distributions of its net income and net capital gains, ("Net Earnings"), or from return-of-capital. If, for any fiscal year where total cash distributions exceeded Net Earnings (the "Excess"), the Excess would decrease the Fund's total assets and, as a result, would have the likely effect of increasing the Fund's expense ratio. There is a risk that the total Net Earnings from the Fund's portfolio would not be great enough to offset the amount of cash distributions paid to Fund shareholders. If this were to be the case, the Fund's assets would be depleted, and there is no guarantee that the Fund would be able to replace the assets. In addition, in order to make such distributions, the Fund may have to sell a portion of its investment portfolio at a time when independent investment judgment might not dictate such action. Furthermore, such assets used to make distributions will not be available for investment pursuant to the Fund's investment objective.


Cornerstone Advisors, Inc. (the "Adviser") believes that there are significant opportunities available through investment in closed-end funds. In addition to holding closed-end funds that invest substantially all of their assets in equity securities, the Adviser may also choose to take advantage of situations in funds that invest in fixed income or other investment categories. Closed-end funds, with their broadly diversified holdings, enhance diversification within the Fund's portfolio.

Investing in other investment companies involves substantially the same risks as investing directly in the underlying instruments, but the total return on such investments at the investment company level is reduced by the operating expenses and fees of such other investment companies, including advisory fees. To the extent the Fund invests its assets in investment company securities, those assets will be subject to the risks of the purchased investment company's portfolio securities, and a shareholder in the Fund will bear not only his proportionate share of the expenses of the Fund, but also, indirectly the expenses of the purchased investment company. There can be no assurance that the investment objective of any investment company in which the Fund invests will be achieved.

Cornerstone Progressive Return Fund is traded on the NYSE Amex LLC under the trading symbol "CFP." The Fund's Adviser serves as investment adviser to two other closed-end funds, Cornerstone Strategic Value Fund, Inc. (NYSE Amex: CLM) and Cornerstone Total Return Fund, Inc. (NYSE Amex: CRF).

Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price that is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund's investment objective, risks, charges and expenses. Please read the Fund's disclosure documents before investing.

In addition to historical information, this release contains forward-looking statements which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on the Fund's investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in the Fund's disclosure documents, filed with the SEC, and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.

Contact:
Cornerstone Progressive Return Fund

(513) 326-3597


]

Recent & Upcoming Dividend Payouts for CFP

Amount Ex-Dividend Date Record Date Pay Date Declare Date Qualified? [?] Type
$0.0854 9/12/2013 9/16/2013 9/30/2013 5/17/2013 Unknown Regular
$0.0854 8/13/2013 8/15/2013 8/30/2013 5/17/2013 Unknown Regular
$0.0854 7/11/2013 7/15/2013 7/31/2013 5/17/2013 Unknown Regular
$0.0854 6/12/2013 6/14/2013 6/28/2013 2/8/2013 Unknown Regular


 


 

      
 
      General Information About CFP


Incredibly, as of October 21, 2012, it appears that Cornerstone
has no website. Please let me know if you find one.  


Articles About CFP

  High Cost of High Distributions   Seeking Alpha Oct 2012 

  CFP: An Overcrowded Short   Seeking Alpha Dec 2009

  Premium CEFs Seeing Bubbles Burst   Seeking Alpha  Oct 2012


more to come...
                      


 

CFP From Sept 10, 2007 IPO
 

Stock Ticker: CFP
Net Asset Value Ticker (NAV): XCFPX

 

Risk of distribution reduction may be high with CFP in the opinion of this moderator (bar1080). I'm neither long nor short in CFP. I recommend not buying it. Material on this page is for informational purposes only. The author is not an investment professional. Consult your investment advisor and company filings for more information. Other moderators may differ from my views.  

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#332   sellers have locked in this month's divvies...moving their The_Free_Nebula 09/17/18 02:50:47 PM
#331   why the drop? wooferwax 09/17/18 02:44:33 PM
#330   Cha Ching that sound from the end of leftovers 08/31/18 09:58:22 AM
#329   Difference between CLM and CRF per Morningstar: bar1080 08/26/18 09:06:14 AM
#328   Market caps of some high yield stocks, including bar1080 08/26/18 01:11:46 AM
#327   wow! You put an incredible amount of work blackcat 08/26/18 12:49:54 AM
#326   Dumb question probably, but what's the difference between bar1080 08/26/18 12:36:37 AM
#325   If you want a copy of my spreadsheet, pandatrader 08/25/18 11:51:23 PM
#324   Mine doesn't! I get to manage all blackcat 08/25/18 12:27:03 AM
#323   Diligence has nothing to do with it, the pandatrader 08/25/18 12:13:02 AM
#322   I think these funds are actually designed to pandatrader 08/25/18 12:11:32 AM
#321   I wish I were that diligent. I check blackcat 08/25/18 12:09:44 AM
#320   I keep a https://docs.google.com/spreadsheets/d/1jX7-2DV2Xu50ngRXx5gzv19NCeubfQq2zacuM09x_cI/ed pandatrader 08/24/18 11:51:46 PM
#319   that's quite true... pandatrader 08/24/18 11:49:02 PM
#318   divvy for sept fully intact! leftovers 08/21/18 02:53:14 AM
#317   Here's what's been announced. (I keep a spreadsheet) blackcat 08/20/18 05:05:56 PM
#316   Question says next ex-divvy date for CLM is The_Free_Nebula 08/20/18 03:21:27 PM
#315   Well- if he'd like to post on the blackcat 08/14/18 09:02:49 PM
#314   Panda you don’t need to pay for membership Sone 08/14/18 08:49:52 PM
#312   I thought you had a membership here. pandatrader 08/14/18 09:55:03 AM
#311   CLM's RO gimmick must work as its assets bar1080 08/13/18 07:02:16 AM
#310   I doubt anyone can predict the future of pandatrader 08/13/18 03:14:17 AM
#309   Puts a nice bow on a great year The_Free_Nebula 08/11/18 04:10:22 AM
#308   Cornerstone Strategic Value Fund (NYSEMKT:CLM) declares $0.2365/share monthly leftovers 08/11/18 12:00:38 AM
#307   PT, when you get time, skim the two bar1080 08/08/18 12:32:33 AM
#306   Their RO was non-transferrable. You couldn't sell the pandatrader 08/07/18 11:35:08 PM
#305   Why would a RO sound fishy? They often bar1080 08/07/18 09:44:08 PM
#304   Well, you questioned why I'd want to own pandatrader 08/07/18 07:15:45 PM
#303   You'll never own any stocks if you sell bar1080 08/07/18 03:16:08 PM
#302   Yes they are! pandatrader 08/07/18 02:47:08 PM
#301   That was a comment on an article. pandatrader 08/07/18 02:46:00 PM
#300   CLM rocken it! leftovers 08/07/18 02:45:09 PM
#299   I just sold all ASG on the uncertainty pandatrader 08/07/18 01:24:15 PM
#298   More on the point of this board, can bar1080 08/07/18 08:37:05 AM
#297   I currently own no "dividend stocks" although I'm bar1080 08/07/18 08:11:03 AM
#296   I understand. However, I think the risk is pandatrader 08/07/18 12:59:11 AM
#295   What's your plan if there's a repeat of bar1080 08/06/18 10:30:22 AM
#294   I just started positions in ASG and have pandatrader 08/06/18 05:48:05 AM
#293   My goal is to maximize total return: income bar1080 08/05/18 07:36:08 AM
#292   Exactly! I'm trying to maximize my income. pandatrader 08/05/18 12:25:08 AM
#291   What does your new ASG offer? That's an bar1080 08/04/18 09:48:57 PM
#290   LOL, now I understand: 17.3625 shares. bar1080 08/04/18 08:17:37 PM
#289   You're the celebrity! pandatrader 08/04/18 04:05:44 PM
#288   My spreadsheet includes DRIPped shares, or fractional shares. pandatrader 08/04/18 04:04:10 PM
#287   And here we are, 2 weeks after the Scotttrader80 08/02/18 01:20:35 AM
#286   CLM's 10-year average annual return 1.56% as of bar1080 07/30/18 04:31:21 PM
#285   Hey Bar1080 does this concern you? leftovers 07/30/18 04:14:01 PM
#284   CLM hugely underperforming the S&P for past three bar1080 07/26/18 08:05:56 AM
#283   Celebrity in the house!! Yo Panda !!! Sone 07/18/18 09:08:41 AM
#282   Pandatrader, I spent a fair amount of time bar1080 07/18/18 06:35:38 AM
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