EX-99.3 4 cornerstone_ex99-3.htm
EXHIBIT 99.3
CORNERSTONE FAMILY OF CLOSED-END FUNDS
CORNERSTONE TOTAL RETURN FUND, INC.
CORNERSTONE STRATEGIC VALUE FUND, INC.
CORNERSTONE PROGRESSIVE RETURN FUND

FUND |  | JOINT FIDELITY BOND RULE 17G-1 GROSS ASSETS (1) 3/31/2009 |  |  | INDIVIDUAL BOND |  |  | ALLOCATED PREMIUM |  |  | STAND-ALONE ANNUAL PREMIUM |
Cornerstone Total Return Fund, Inc. |  | $ | 19,513,537 |  |  | $ | 225,000 |  |  |  | 517 |  |  | $ | 2,000 |
Cornerstone Strategic Value Fund, Inc. |  |  | 56,177,058 |  |  |  | 400,000 |  |  |  | 1,394 |  |  |  | 2,250 |
Cornerstone Progressive Return Fund |  |  | 60,942,727 |  |  |  | 400,000 |  |  |  | 1,608 |  |  |  | 2,500 |
Total Coverage Required |  |  |  |  |  | $ | 1,025,000 |  |  |  |  |  |  |  |  |
Actual Coverage Obtained |  |  |  |  |  | $ | 1,525,000 |  |  |  |  |  |  |  |  |
Premium |  |  |  |  |  |  |  |  |  | $ | 3,519 | (2) |  | $ | 6,750 |

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(1) | In accordance with Rule 17g-1, amount of registered management investment company gross assets should be at the end of the most recent fiscal quarter prior to date of termination (April 23, 2009). Amounts above are for purposes of obtaining premium estimate.

(2) | Does not include $90 charge for optional terrorism coverage.