Press Releases

Cornerstone Progressive Return Fund Announces Continuing Monthly Distributions

 

Cornerstone Progressive Return Fund (NYSE Amex: CFP) (the “Fund”), a closed-end management investment company, today announced that in keeping with its previously adopted monthly distribution policy, the Fund is declaring the following distributions:

  Record Date   Payable Date   Per Share
 
CFP July 15, 2010 July 30, 2010 $0.103
CFP August 13, 2010 August 31, 2010 $0.103
CFP September 15, 2010 September 30, 2010 $0.103

The Board of Trustees (the “Board”) believes that the Fund’s shareholders are well served by regular distributions which increase liquidity and provide flexibility to individual shareholders in managing their investment. Accordingly, it is the intention of the Board that the Fund will make continuous monthly distributions. The monthly distributions will be reviewed by the Board and declared periodically throughout the year. From time to time, the Board may consider resetting the distribution amount.

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