SEC Company Response from CORNERSTONE TOTAL RETURN FUND INC (CRF) (CIK 0000033934) (CRF) — Oct 28, 2010
CORNERSTONE TOTAL RETURN FUND INC (CRF) (CIK 0000033934)
Date: Oct. 28, 2010 · CIK: 0000033934 · Accession: 0001111830-10-000996
AI Filing Summary & Sentiment
File numbers found in text: 333-168926, 811-02363
Letter
Division of Investment Management Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-4720 Re: Cornerstone Total Return Fund, Inc. (the “Fund”) SEC File Numbers: 333-168926 and 811-02363
Dear Mr. Rupert:
On behalf of the Fund, and pursuant to Rule 461 under the Securities Act of 1933, as amended, we hereby request that the effective date of the Fund’s registration statement on Form N-2 filed on August 18, 2010 and amended on October 26, 2010 (the “Registration Statement) be accelerated so that the Registration Statement will become effective on Friday, October 29, 2010 (the “Effective Date”), or as soon thereafter as practicable.
Our client has selected the Effective Date to provide the Fund sufficient time to commence and conclude the offering during its current fiscal year and within the conditions of its exemptive relief related to its managed distribution plan.
The Fund hereby affirms that the revisions included in the Pre-Effective Amendment to its Registration Statement filed on October 26, 2010, reflect responses consistent with those included in the pre-effective amendment to Cornerstone Strategic Value Fund, Inc.’s registration statement filed on September 30, 2010 and October 26, 2010.
One Logan Square 18th and Cherry Streets Philadelphia, PA 19103-6998
www.BlankRome.com
Delaware · Florida · Maryland · New Jersey · New York · Ohio · Pennsylvania · Washington, DC
Kevin Rupert
October 28, 2010
Page 2
In connection with the foregoing acceleration request, the Fund acknowledges that:
● Should the Commission or its staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement;
● The action of the Commission or its staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Fund from its full responsibility for the accuracy and adequacy of the disclosure in the Registration Statement; and
● The Fund may not assert the action of the Commission or its staff in declaring the Registration Statement effective as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Should you have any questions or comments regarding the above, please phone me at (215) 569-5530. Thank you for your continued assistance.
Very truly yours,
/s/ Mary Stokes
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CORRESP
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fp0002163_corresp.htm
Phone:
215-569-5530
Fax:
215-832-5530
Email:
stokes@blankrome.com
October 28, 2010
BY EDGAR
Kevin Rupert
Division of Investment Management
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-4720
Re: Cornerstone Total Return Fund, Inc. (the “Fund”)
SEC File Numbers: 333-168926 and 811-02363
Dear Mr. Rupert:
On behalf of the Fund, and pursuant to Rule 461 under the Securities Act of 1933, as amended, we hereby request that the effective date of the Fund’s registration statement on Form N-2 filed on August 18, 2010 and amended on October 26, 2010 (the “Registration Statement) be accelerated so that the Registration Statement will become effective on Friday, October 29, 2010 (the “Effective Date”), or as soon thereafter as practicable.
Our client has selected the Effective Date to provide the Fund sufficient time to commence and conclude the offering during its current fiscal year and within the conditions of its exemptive relief related to its managed distribution plan.
The Fund hereby affirms that the revisions included in the Pre-Effective Amendment to its Registration Statement filed on October 26, 2010, reflect responses consistent with those included in the pre-effective amendment to Cornerstone Strategic Value Fund, Inc.’s registration statement filed on September 30, 2010 and October 26, 2010.
One Logan Square 18th and Cherry Streets Philadelphia, PA 19103-6998
www.BlankRome.com
Delaware · Florida · Maryland · New Jersey · New York · Ohio · Pennsylvania · Washington, DC
Kevin Rupert
October 28, 2010
Page 2
In connection with the foregoing acceleration request, the Fund acknowledges that:
● Should the Commission or its staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement;
● The action of the Commission or its staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Fund from its full responsibility for the accuracy and adequacy of the disclosure in the Registration Statement; and
● The Fund may not assert the action of the Commission or its staff in declaring the Registration Statement effective as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Should you have any questions or comments regarding the above, please phone me at (215) 569-5530. Thank you for your continued assistance.
Very truly yours,
/s/ Mary Stokes
MARY STOKES