Detail akcie Corner Total Return online

Business Summary: Cornerstone Total Return Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek capital appreciation with current income as a secondary objective. The Fund’s portfolio, under normal market conditions, will consist principally of the equity securities of large, mid and small-capitalization companies. Equity securities in which the Fund may invest include common and preferred stocks, convertible securities, warrants and other securities having the characteristics of common stocks, such as American Depositary Receipts (ADRs) and International Depository Receipts (IDRs). The Fund invests in various sectors, such as information technology, healthcare, consumer discretionary, communication services, financials, closed-end funds, industrials, consumer staples, exchange-traded funds (ETFs), materials, real estate, and utilities. Cornerstone Advisors, LLC serves as an investment manager for the Fund.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, Cornerstone Total Return Fund Inc revenues increased 7% to $11.5M. Net income decreased 7% to $162.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Net change in unrealized appreciation/(d decrease of 13% to $100.9M (income), Legal and audit fees increase of 20% to $59K (expense).