EX-99.3 4 fp0001681_ex99-3.htm STATEMENT SHOWING AMOUNT OF THE SINGLE INSURED BOND

fp0001681_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

			Joint Fidelity Bond
			Rule 17g-1												Stand-alone
			Gross Assets (1)				Individual				Allocated				Annual
Fund			12/31/2009				Bond				Premium				Premium
Cornerstone Total Return Fund, Inc.			$	23,210,007			$	250,000				390			$	2,244
Cornerstone Strategic Value Fund, Inc.				66,012,595				400,000				1,110				2,525
Cornerstone Progressive Return Fund				62,402,351				400,000				1,049				2,806
Total Coverage Required							$	1,050,000
Actual Coverage Obtained							$	1,525,000
	Premium										$	2,549			$	7,575

(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 (March 23, 2010).