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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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#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
#279   CLM & CRF Rights Offerings participation spreadsheet information pandatrader 07/17/18 11:04:00 PM
#278   "Cross A Greater Fool Trade With A Ponzi-Scheme bar1080 07/01/18 12:46:11 PM
#277   October is when the announce dividend for next Sone 06/30/18 07:53:22 PM
#276   I'd be pleased to add at $13.30--13.50. blackcat 06/30/18 05:38:05 PM
#275   A few years back this dropped to the Scotttrader80 06/30/18 05:31:16 PM
#274   So am I. If it drops below the blackcat 06/30/18 05:21:05 PM
#273   yes sir, I'm watching with money set aside huecares1 06/30/18 04:23:51 PM
#272   WE might see the mid $13.00's. Its happened Scotttrader80 06/30/18 01:13:53 PM
#271   nasty sell-off The_Free_Nebula 06/15/18 08:55:39 AM
#270   55-60 depends when you purchase and what Nav Sone 05/20/18 08:30:03 PM
#269   If i reinvest dividends in clm at the Jtmathis42 05/18/18 06:58:28 AM
#268   Both Cornerstone funds plummeted 8% today as they bar1080 05/14/18 10:44:43 PM
#267   thanks... The_Free_Nebula 05/14/18 04:23:43 PM
#266   by stocktrader80 huecares1 05/14/18 04:17:21 PM
#265   took a huge beating today...ex divvy date The_Free_Nebula 05/14/18 04:10:09 PM
#264   Today's CLM premium to NAV: 22.1% Why would bar1080 04/29/18 10:55:51 AM
#263   From SA: "I cannot resist mentioning to any bar1080 04/29/18 10:16:07 AM
#262   CLM's FAANG is doing good! But we knew that Scotttrader80 03/12/18 06:59:19 PM
#261   Nice run up into Xdate on 24th.. One leftovers 03/12/18 02:56:24 PM
#260   Indeed, the gifts that keep on givin Scotttrader80 03/09/18 03:28:35 PM
#259   CLM having a strong week! Those gifts are leftovers 03/09/18 03:22:39 PM
#258   Were in the same boat matey! Dividends Ahoy.... leftovers 02/20/18 02:33:38 PM
#257   Dividends ARE the way to go. I always Scotttrader80 02/20/18 02:28:57 PM
#256   I think in the 15's is good! Congrats leftovers 02/20/18 01:24:07 PM
#255   Picked up 1000 CLM this morning, its the Scotttrader80 02/20/18 11:42:07 AM
#254   Going long on these divy plays IS the Scotttrader80 02/13/18 02:19:48 PM
#253   Of all my Dividend paying stocks in this leftovers 02/13/18 12:44:04 PM
#252   Oh I know, the sisters hold the cream Scotttrader80 02/13/18 11:49:14 AM
#251   top 10 holdings percent leftovers 02/13/18 11:43:48 AM
#250   Smart, buying the dips is the way to Scotttrader80 02/13/18 11:31:54 AM
#249   added to the pile today. Was going wait leftovers 02/13/18 10:57:14 AM
#248   Somebody don't like to be in a shaky jones99 02/10/18 08:47:17 AM
#247   Cornerstone Strategic Value Fund (NYSEMKT:CLM) declares $0.2365/share monthly leftovers 02/10/18 03:23:00 AM
#246   Cornerstone Strategic Value Fund (NYSEMKT:CLM) declares $0.2365/share monthly leftovers 02/10/18 03:22:56 AM
#245   Wobbly is right. Corners X date 2/14 so Scotttrader80 02/09/18 10:11:42 PM
#244   CLM coming back off its low nicely...The 10% The_Free_Nebula 02/09/18 09:10:40 PM
#243   Is the market correction over yet? I havent Scotttrader80 02/06/18 11:20:29 AM
#242   I alerted the SEC to some problems there bar1080 01/17/18 11:06:49 PM
#241   PTOI don't even think about it! I have leftovers 01/17/18 01:10:20 AM
#240   Today was the ahem x date for the Scotttrader80 01/16/18 05:05:12 PM
#239   Better then the bank ;-) Sone 01/15/18 05:11:20 PM
#238   Average Annual Total Return: 3.46% for past ten bar1080 01/15/18 11:53:53 AM
#237   As Ive said elsewhere the Cornerstones did a Scotttrader80 01/12/18 06:09:25 PM
#236   Your right no posting here things are going leftovers 01/12/18 03:11:13 PM
#235   Things are lookin UP! Scotttrader80 01/04/18 07:39:11 PM
#234   Recent SA article about CRF/CLM with much current bar1080 12/18/17 10:25:47 AM
#233   Divi increasing...SWEET!!! Vill50 11/11/17 12:31:46 AM
#232   Great start for the week! CLM nycrew 08/28/17 09:56:08 PM
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