Cornerstone Funds Announce Continuing Monthly Distributions

Cornerstone Strategic Value Fund, Inc. (NYSE Amex: CLM) and Cornerstone Total Return Fund, Inc. (NYSE Amex: CRF), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment company, today announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions:

					Record Date		Payable Date			Per Share
CLM					July 15, 2010		July 30, 2010			$0.1398
CLM					August 13, 2010		August 31, 2010			$0.1398
CLM					September 15, 2010		September 30, 2010			$0.1398
CRF					July 15, 2010		July 30, 2010			$0.1213
CRF					August 13, 2010		August 31, 2010			$0.1213
CRF					September 15, 2010		September 30, 2010			$0.1213

Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution Amount”) annually, based on the Fund’s net asset value on the last business day of each October and the annualized Distribution Percentage approved by the Boards. Each Board previously announced that the Distribution Percentage for the calendar year 2010 would remain unchanged from the previous year at 21% of the net asset value of each Fund.