Cornerstone Funds File Their Annual Reports

JERICHO, NY--(Marketwire - March 17, 2011) - Cornerstone Advisors, Inc. (the "Adviser"), which serves as the investment manager to Cornerstone Strategic Value Fund, Inc. (NYSE Amex: CLM), Cornerstone Total Return Fund, Inc. (NYSE Amex: CRF) and Cornerstone Progressive Return Fund (NYSE Amex: CFP) announced that copies of each fund's annual report for the year ended December 31, 2010 are available online at the SEC's website at http://www.sec.gov. Hard copies of these reports are available free of charge upon request by calling 1-513-326-3597.

Cornerstone Strategic Value Fund, Inc. is a diversified, closed-end management company organized as a Maryland corporation and is registered with the SEC under the Investment Company Act of 1940, as amended.

Cornerstone Total Return Fund, Inc. is a diversified, closed-end management company organized as a New York corporation and is registered with the SEC under the Investment Company Act of 1940, as amended.

Cornerstone Progressive Return Fund is a diversified, closed-end management company organized as a Delaware statutory Trust and is registered with the SEC under the Investment Company Act of 1940, as amended.

Contact Information:

Contact:
Cornerstone Strategic Value Fund, Inc.
(513) 326-3597