<SEC-DOCUMENT>0001752724-23-051869.txt : 20230310
<SEC-HEADER>0001752724-23-051869.hdr.sgml : 20230310
<ACCEPTANCE-DATETIME>20230310164022
ACCESSION NUMBER:		0001752724-23-051869
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230310
DATE AS OF CHANGE:		20230310
EFFECTIVENESS DATE:		20230310

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:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-02363
		FILM NUMBER:		23724269

	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
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<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
<FILENAME>crf_ncenletter.htm
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<P STYLE="font: bold 10pt Calibri, Helvetica, Sans-Serif; margin: 2.15pt 101.45pt 0 101.5pt; text-align: center"><U>REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM</U></P>

<P STYLE="font: 7.5pt Calibri, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 241.05pt 0 7.4pt; text-indent: -1.45pt">To the Stockholders and Board
of Directors of</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 241.05pt 0 7.4pt; text-indent: -1.45pt">Cornerstone Total Return Fund, Inc.</P>

<P STYLE="font: 9.5pt Calibri, Helvetica, Sans-Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 5.85pt 0 5.8pt; text-align: justify; text-indent: 0.15pt">In planning and
performing our audit of the financial statements of Cornerstone Total Return Fund, Inc. (the &#8220;Fund&#8221;) as of and for the year
ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we
considered the Fund&#8217;s internal control over financial reporting, including controls over safeguarding securities, as a basis for
designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements
of Form N&#45; CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund&#8217;s internal control over financial
reporting. Accordingly, we express no such opinion.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0.05pt 5.85pt 0; text-align: justify; text-indent: 0.1pt">The management
of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund&#8217;s internal
control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).
A fund&#8217;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP,
and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the
fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of
a fund&#8217;s assets that could have a material effect on the financial statements.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 5.85pt 0 5.8pt; text-align: justify; text-indent: 0.15pt">Because of its
inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation
of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures may deteriorate.</P>

<P STYLE="font: 9.5pt Calibri, Helvetica, Sans-Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 5.9pt 0 5.85pt; text-align: justify; text-indent: 0.1pt">A deficiency in
internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in
the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is
a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility
that a material misstatement of the Fund&#8217;s annual or interim financial statements will not be prevented or detected on a timely
basis.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 5.8pt 0 5.9pt; text-align: justify; text-indent: 0.15pt">Our consideration
of the Fund&#8217;s internal control over financial reporting was for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB.
However, we noted no deficiencies in the Fund&#8217;s internal control over financial reporting and its operation, including controls
over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2022.</P>

<P STYLE="font: 9.5pt Calibri, Helvetica, Sans-Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0.05pt 5.85pt 0 5.95pt; text-align: justify; text-indent: 0.05pt">This report
is intended solely for the information and use of management and the Board of Directors of the Fund and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these specified parties.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Calibri, Helvetica, Sans-Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0.05pt 0 0 6.4pt; text-align: justify">/s/ COHEN &amp; COMPANY, LTD.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 6.4pt; text-align: justify">COHEN &amp; COMPANY, LTD.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 6.4pt; text-align: justify">Cleveland, Ohio February 22, 2023</P>


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