Edition:
United States

Cornerstone Total Return Fund Inc (CRF)

CRF on American Stock Exchange

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9 Dec 2016
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Summary

Name Age Since Current Position

Ralph Bradshaw

65 2001 Chairman of the Board, President

Gary Bentz

59 2009 Chief Compliance Officer, Secretary, Assistant Treasurer

Frank Maresca

57 2013 Treasurer

Robert Dean

64 2014 Director

Edwin Meese

84 2001 Independent Director

Scott Rogers

60 2001 Independent Director

Andrew Strauss

62 2001 Independent Director

Glenn Wilcox

84 2001 Independent Director

Biographies

Name Description

Ralph Bradshaw

Mr. Ralph W. Bradshaw is Chairman of the Board, President of Cornerstone Total Return Fund Inc., since 2001. Mr. Bradshaw is co-founder of Cornerstone Advisors, Inc. (the "Investment Adviser") and has served as its President since its inception in 2001. He brings over 20 years of extensive 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 successful 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 and operated small businesses in several industries. Mr. Bradshaw holds a B.S. in Chemical Engineering and an M.B.A. Mr. Bradshaw provides the Board with effective business judgment and ability to interact effectively with the other Directors, as well as with the other service providers, counsel and the Fund's independent auditor. Mr. Bradshaw commits a significant amount of time to the Fund as a Director, in addition to in his capacity as President of the Investment Adviser.

Gary Bentz

Mr. Gary A. Bentz is Chief Compliance Officer since 2004, Secretary since 2008 and Assistant Treasurer since 2009 of Cornerstone Total Return Fund Inc. His Principal occupations during past 5 years includes: Chairman and Chief Financial Officer of Cornerstone Advisors, Inc.; Financial Consultant, C.P.A.; Chief Compliance Officer, Secretary, and Assistant Treasurer of Cornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund.

Frank Maresca

Mr. Frank J. Maresca is Treasurer of Cornerstone Total Return Fund Inc., since April 2013. He is Executive Vice President of AST Fund Solutions, LLC since February 2012, He served as Executive Vice President of Ultimus Fund Solutions, LLC from March 2009 to February 2012. Previously he was Executive Director, JP Morgan Chase & Co. Prior to that he is President of Bear Stearns Funds Management Inc. He served as Senior Managing Director of Bear Stearns & Co. Inc. He was Treasurer of the Fund, Cornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund from May 2009 through February 2012.

Robert Dean

Mr. Robert E. Dean is Director of the company since 2014. He is a private investor. From October 2000 to December 2003, Mr. Dean was with Ernst & Young Corporate Finance LLC, a wholly owned broker-dealer subsidiary of Ernst & Young LLP, serving as a Senior Managing Director and member of the Board of Managers from December 2001 to December 2003. From June 1976 to September 2000, Mr. Dean practiced corporate, banking and securities law with Gibson, Dunn & Crutcher LLP. Mr. Dean was Partner-in-Charge of the Orange County, California office from 1993 to 1996 and was a member of the law firm's Executive Committee from 1996 to 1999. Since June 2009, Mr. Dean has served as a director of National Bank Holdings Corporation (NYSE:NBHC), a bank holding company, serving as chairman of the Nominating and Governance Committee and a member of the Audit & Risk and Compensation Committees. Mr. Dean holds a Bachelor of Arts degree from the University of California, Irvine and a Juris Doctor degree from the University of Minnesota Law School. Mr. Dean's substantial experience in the public capital markets and merger and acquisition transactions, regulatory matters and public company corporate governance matters qualifies him to serve on the Board of Directors of the Fund. The Board values his strong moral character and integrity.

Edwin Meese

Mr. Edwin Meese III is Independent Director of Cornerstone Total Return Fund Inc., since 2001. Mr. Meese is a Ronald Reagan Distinguished Fellow Emeritus at The Heritage Foundation. He is also a Distinguished Visiting Fellow at the Hoover Institution, Stanford University. 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 Counselor 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 Directors, as well as with the to commit the time necessary to serve as an effective Director.

Scott Rogers

Mr. Scott B. Rogers is Independent Director of Cornerstone Total Return Fund Inc., since 2001. Mr. Rogers 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 Directors, as well as with the Investment Adviser, other service providers, counsel and the Fund's independent auditor. Mr. Rogers has demonstrated a willingness to commit the time necessary to serve as an effective Director.

Andrew Strauss

Mr. Andrew A. Strauss is Independent Director of Cornerstone Total Return Fund Inc. since 2001. Mr. Strauss 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 Directors, as well as with the Investment Adviser, other service providers, counsel and the Fund's independent auditor. Mr. Strauss has demonstrated a willingness to commit the time necessary to serve as an effective Director.

Glenn Wilcox

Mr. Glenn W. Wilcox is Independent Director of Cornerstone Total Return Fund Inc., since 2001. Mr. Wilcox has been a business owner for over 55 years. He has previous business experience in the 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 Directors, as well as with the Investment Adviser, other service providers, counsel and the Fund's independent auditor. Mr. Wilcox has demonstrated a willingness to commit the time necessary to serve as an effective Director.