Cornerstone Funds Announce Continuing Monthly Distributions.

NEW YORK -- Cornerstone Strategic Value Fund, Inc. (AMEX:CLM) and Cornerstone Total Return Fund, Inc. (AMEX:CRF), (individually the "Fund" or, collectively, the "Funds"), each a closed-end management investment company, today announced that in keeping with each Fund's previously adopted monthly distribution policy, each Fund is declaring the following distributions.

     Record Date     <                  <  Payable

Per Share
                     <                  <


CLM  April 13, 2007  <                  <  April 30,

$0.093
CLM  May 15, 2007    <                  <  May 31,

$0.093
CLM  June 15, 2007   <                  <  June 29,

$0.093
                     <                  <


CRF  April 13, 2007  <                  <  April 30,

$0.178
CRF  May 15, 2007    <                  <  May 31,

$0.178
CRF  June 15, 2007   <                  <  June 29,

$0.178

In order to provide increased long-term stability for each Fund's distribution policy, now in its fifth year, each Fund's Board of Directors has updated its existing distribution policy to provide for the resetting of the monthly distribution amount per share ("Distribution Amount") annually (beginning in 2007) based on the Fund's net asset value on the last business day of each October. Each Board of Directors believes that this update of each Fund's distribution policy maintains a stable, high rate of distribution. The Distribution Amount from one calendar year to the next will increase or decrease based on the increase or decrease in each Fund's net assets. The terms of each distribution policy will be reviewed and approved at least annually by the respective Board of Directors and, as always, can be modified at their discretion for the benefit of the Fund and its stockholders.

Each Fund's Board of Directors remains convinced that its shareholders are well served by a policy of regular distributions which increase liquidity and provide flexibility to individual shareholders in managing their investment. Shareholders have the option of reinvesting these distributions in additional shares of the Fund or receiving them in cash. Shareholders may consider reinvesting all or a portion of their regular distributions through their Fund's reinvestment plan, which was recently amended. Shareholders should carefully read the description of the dividend reinvestment plan found in each Fund's upcoming Annual Report to Shareholders which contains the revisions to the Fund's dividend reinvestment plan.

Under its policy, each Fund will distribute to shareholders each month a minimum fixed percentage per year of the net asset value or market price per share of its common stock or at least a minimum fixed dollar amount per year. In determining to adopt this policy, the Board of Directors of each Fund sought to make regular monthly distributions throughout the year. Under each policy, the Fund's distributions will consist either of (1) earnings, (2) capital gains, or (3) return-of-capital ("paid-in-capital"), or some combination of one or more of the above. A return-of-capital is the return of a portion of the investor's original investment.

Given the current economic environment and the composition of each Fund's portfolio, a substantial portion of each Fund's distributions made during this current calendar quarter may consist of a return of the investor's capital. Accordingly, these distributions should not be confused with yield or investment return on the Fund's portfolio. The final composition of the distributions for 2007 cannot be determined until after the end of the year and is subject to change depending on market conditions during the year and the magnitude of income and realized gains for the year.

In any given year, there can be no guarantee that the Fund's investment returns will exceed the amount of the net distributions. To the extent that the amount of distributions taken in cash exceeds the total net investment returns of the Fund, the assets of the Fund will decline. If the total net investment returns exceed the amount of cash distributions, the assets of the Fund will increase. Distributions designated as return-of-capital are not taxed as ordinary income dividends and are sometimes referred to as tax-free dividends or nontaxable distributions. A return-of-capital distribution reduces the cost basis of an investor's shares in the Fund. Stockholders can expect to receive tax-reporting information for 2007 distributions in late January 2008 indicating the exact composition per share of the dividends and distributions received during the calendar year. Stockholders should consult their tax advisor for proper tax treatment of the Fund's distributions.

Cornerstone Strategic Value Fund, Inc. and Cornerstone Total Return Fund, Inc. are traded on the American Stock Exchange LLC under the trading symbols "CLM" and "CRF", respectively. Each Fund's investment adviser is Cornerstone Advisors, Inc.

Past performance is no guarantee of future performance. An investment in a Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price that is more or less than the original purchase price or the net asset value. An investor should carefully consider a Fund's investment objective, risks, charges and expenses. Please read a Fund's disclosure documents before investing.