<SEC-DOCUMENT>0001398344-22-010162.txt : 20220523
<SEC-HEADER>0001398344-22-010162.hdr.sgml : 20220523
<ACCEPTANCE-DATETIME>20220523092408
ACCESSION NUMBER:		0001398344-22-010162
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220523
DATE AS OF CHANGE:		20220523

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORNERSTONE TOTAL RETURN FUND INC
		CENTRAL INDEX KEY:			0000033934
		IRS NUMBER:				132727013
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-262877
		FILM NUMBER:		22949736

	BUSINESS ADDRESS:	
		STREET 1:		225 PICTORIA DRIVE, SUITE 450
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45246
		BUSINESS PHONE:		(513) 587-3400

	MAIL ADDRESS:	
		STREET 1:		225 PICTORIA DRIVE, SUITE 450
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45246

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EIS FUND INC
		DATE OF NAME CHANGE:	20020109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EXCELSIOR INCOME SHARES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>fp0076331_424b3.htm
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Cornerstone Total Return Fund, Inc.</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>64,056,602 Rights for 21,352,201 Shares of Common
Stock</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Supplement dated May 23, 2022 to Prospectus dated
April 13, 2022</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Resumption of Previously Suspended Offering</B>.
The Cornerstone Strategic Value Fund, Inc. (the &ldquo;Fund&rdquo;) is hereby resuming the previously suspended Rights Offering (the &ldquo;Offering&rdquo;).
The Offering will resume on May 23, 2022 and the Fund has extended the Expiration Date of the Offering until June 10, 2022, unless further
extended by the Fund.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund, in accordance with an undertaking made by
the Fund in its Registration Statement, suspended the Offering on May 16, 2022 due to the Fund&rsquo;s net asset value having declined
by more than 10% from its net asset value of $8.65 on April 8, 2022 (the effective date of the Fund's Registration Statement) to $7.45
on May 13, 2022.The closing market price of the Fund on April 8, 2022 and May 13, 2022 was $13.61 and $10.08, respectively, representing
a market price premium above net asset value on April 8, 2022 and May 13, 2022 of 57.34% and 35.30%, respectively. The closing market
price and net asset value of the Fund on May 20, 2022 was $11.045 and $7.26, respectively, representing a premium above net asset value
of 52.13%.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Length of Subscription Period and Other Dates</B>.
As of the date of this supplement, as a result of the extension of the Offering, the following terms and conditions of the Offering also
are being revised: the Subscription Period (April 29, 2022 to June 10, 2022) and the Expiration Date (June 10, 2022). The Fund reserves
the right to further extend the Subscription Period and other related dates as described in the Prospectus.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>No Other Changes</B>. The Offering will continue
to be made on the same terms as described in the Prospectus dated April 13, 2022 (and using the same subscription documentation previously
supplied to Stockholders), except for the changes to the Expiration Date and Subscription Period set forth above.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Cancellation of Subscriptions Made Prior to Suspension.</B>
Subscription requests that were submitted prior to the suspension of the Offering have been cancelled, payments made in connection with
such requests have been returned to the applicable Stockholders, and no shares of Common Stock will be issued in connection with such
requests.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>In order to participate in the Offering, such
Stockholders must submit a new subscription request in accordance with the procedures set forth in the Prospectus.</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inquiries related to the Offering should be directed
to the Information Agent, AST Fund Solutions, LLC, at 1-866-406-2285.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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