Cornerstone Total Return Fund Inc: Director Morris Matthew Sells 1.2 Shares

Cornerstone Total Return Fund Inc. (CRF) has announced that Director Morris Matthew has sold 1.2 shares at $7.92 per share on September 10, 2025.

Cornerstone Total Return Fund Inc. (CRF) has announced that Director Morris Matthew sold 53,272 shares on September 3 and 4, 2025, for a total sale amount of $420,300. The sales were conducted at prices of $7.87 and $7.9 per share, respectively. Following these transactions, Morris directly owns 11,467 shares of the company's common stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission (SEC) Cornerstone Total Return Fund Director Sells Shares^[1].

The transactions took place over two consecutive days, with Morris selling 18,272 shares on September 3 at $7.87 per share and an additional 35,000 shares on September 4 at $7.90 per share. The Form 4 filing notes that the total share counts include shares acquired through the fund's dividend reinvestment plan since the prior Form 4 filing. This disclosure provides clarity on the impact of the fund's dividend reinvestment plan on the reported share counts [Form 4] Cornerstone Total Return Fund, Inc Insider ...^[2].

The substantial reduction in beneficial ownership, from 46,467.9092 shares to 11,467.9092 shares, could be perceived negatively by some investors. However, the filing meets Section 16 transparency requirements, ensuring timely public reporting of insider transactions. The document does not include information on holdings as a percentage of outstanding shares or any planned future transactions, limiting the assessment of market impact Cornerstone Total Return Fund Insider Sold Shares Worth $420,301, According to a Recent SEC Filing^[3].

From a governance standpoint, the timely and complete disclosure is crucial for maintaining investor confidence and adhering to regulatory standards. The filing provides a clear and specific account of the transactions, including the prices and share counts, which is essential for investors to make informed decisions.

Overall, the sale of shares by Morris Matthew is a significant event for CRF, and the transparent disclosure of this transaction is a positive step in maintaining the fund's integrity and accountability.