People: Cornerstone Progressive Return Fund (CFP)

CFP on American Stock Exchange

4.61USD
28 Jul 2014
Price Change (% chg)

$-0.01 (-0.21%)
Prev Close
$4.62
Open
$4.61
Day's High
$4.62
Day's Low
$4.60
Volume
117,040
Avg. Vol
548,026
52-wk High
$5.44
52-wk Low
$4.55

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Summary

Name Age Since Current Position

Ralph Bradshaw

63 2007 Chairman of the Board of Trustee, President

Gary Bentz

57 2009 Chief Compliance Officer, Secretary, Assistant Treasurer

Frank Maresca

55 2013 Treasurer

Edwin Meese

82 2007 Trustee

Scott Rogers

58 2007 Trustee

Andrew Strauss

60 2007 Trustee

Glenn Wilcox

82 2007 Trustee

Biographies

Name Description

Ralph Bradshaw

Mr. Ralph W. Bradshaw is Chairman of the Board of Trustee, President of Cornerstone Progressive Return Fund. He is co-founder of Cornerstone Advisors, Inc. and has served as its President since its inception in 2001. He brings over 20 years of investment management experience and also formerly served as a Director of several other closed-end funds. Prior to founding the Investment Adviser, he served in consulting and management capacities for registered investment advisory firms specializing in closed-end fund investments. His experiences included developing and implementing trading strategies with a variety of underlying portfolios containing domestic and international equity and fixed-income investments. In addition, he has been a financial consultant and has held managerial positions or operated small businesses in several industries. Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A.

Gary Bentz

Mr. Gary A. Bentz is Chief Compliance Officer, Secretary and Assistant Treasurer of Cornerstone Progressive Return Fund. He has been Chairman and Chief Financial Officer of Cornerstone Advisors, Inc.; Financial Consultant, C.P.A; Chief Compliance Officer, Secretary, and Assistant Treasurer of Cornerstone Total Return Fund, Inc. and Cornerstone Strategic Value Fund, Inc.

Frank Maresca

Mr. Frank J. Maresca serves as Treasurer of Cornerstone Progressive Return Fund. He served as Executive Vice President of AST Fund Solutions, LLC (since February 2012), Executive Vice President of Ultimus Fund Solutions, LLC (from March 2009-February 2012) previous Executive Director, JP Morgan Chase & Co.; Previous President of Bear Stearns Funds Management Inc.; Previous Senior Managing Director of Bear Stearns & Co. Inc.; Treasurer of the Fund, Cornerstone Total Return Fund, Inc. and Cornerstone Strategic Value Fund, Inc. (from May 2009 through February 2012).

Edwin Meese

Mr. Edwin Meese III, is Trustee of Cornerstone Progressive Return Fund. Mr. Meese holds the Ronald Reagan Chair in Public Policy at The Heritage Foundation and is also the Chairman of The Heritage Foundation’s Center for Legal and Judicial Studies. He is the former chairman of the governing board of George Mason University in Virginia and serves on the board of several civic and educational organizations. Previously, Mr. Meese served as the 75th Attorney General of the United States and immediately prior to that as Counsellor to the President of the United States for Ronald Reagan. Mr. Meese provides the Board with effective business judgment and an ability to interact effectively with the other Trustees, as well as with the Investment Adviser, other service providers, counsel and the Fund’s independent auditor. Mr. Meese has demonstrated a willingness to commit the time necessary to serve as an effective Trustee.

Scott Rogers

Mr. Scott B. Rogers is Trustee of Cornerstone Progressive Return Fund. He has been the has been the Executive Director of a regional community ministry organization for over 30 years. In addition to the leadership and management skills obtained through this work, he contributes a non-profit perspective and community insight to the Board’s discussions and deliberations, which provides desirable diversity. Mr. Rogers provides the Board with effective business judgment and an ability to interact effectively with the other Trustees, as well as with the Investment Adviser, other service providers, counsel and the Fund’s independent auditor.

Andrew Strauss

Mr. Andrew A. Strauss is Trustee of Cornerstone Progressive Return Fund. He is an experienced attorney with a securities law background. He currently manages a law firm specializing in estate planning, probate and estate administration. In addition, Mr. Strauss served in an executive capacity with a large public company for over nine years. He is a graduate of the Wharton School of the University of Pennsylvania and Georgetown University Law Center. Mr. Strauss provides the Board with effective business judgment and an ability to interact effectively with the other Trustees, as well as with the Investment Adviser, other service providers, counsel and the Fund’s independent auditor.

Glenn Wilcox

Mr. Glenn W. Wilcox, Sr., is Trustee is Cornerstone Progressive Return Fund. He has been a business owner for over 55 years. He has previous business experience in real estate development, radio and oil and gas exploration industries. He serves on the Board of Directors and Audit Committee of another public company. From 1996 until 2004, Mr. Wilcox was a member of the Board of Appalachian State University, and was Chairman of the Board from 2001-2003. He has been a private investor in public equities for over 50 years. Mr. Wilcox provides the Board with effective business judgment and an ability to interact effectively with the other Trustees, as well as with the Investment Adviser, other service providers, counsel and the Fund’s independent auditor.

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