Cornerstone Strategic Value Fund, Progressive Return Fund and Investors First Fund to Consider Mergers at Annual Meetings Of Stockholders.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 23, 2004 Cornerstone Strategic Value Fund, Inc. (AMEX AMEX See: American Stock Exchange :CLM CLM - Career Limiting Move ), Progressive Return Fund, Inc. (AMEX:PGF), and Investors First Fund, Inc. (NYSE NYSE See: New York Stock Exchange :MGC), each a closed-end management investment company, (the "Funds") today announced that their respective Boards of Directors (the "Boards") have approved a proposal to be considered by stockholders of each Fund at its 2004 Annual Meeting of Stockholders scheduled to be held in May, 2004, whereby Progressive Return Fund would merge with and into Cornerstone Strategic Value Fund and Investors First Fund would merge with and into Cornerstone Strategic Value Fund. Each of the mergers will be separate and distinct from the other. Cornerstone Strategic Value Fund, Inc. and Progressive Return Fund, Inc. are traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , LLC under the trading symbols "CLM" and "PGF", respectively. Investors First Fund, Inc. is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Inc. under the trading symbol "MGC". |
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