CRF Form 4: Director Morris Reports Non-Derivative Transaction

Rhea-AI Filing Summary

Form 4 filing: Director Matthew Morris reported a transaction in Cornerstone Total Return Fund Inc. (CRF) dated 09/10/2025. The filing lists a transaction code S and shows Price $7.9222 with an entry that includes 1.1972 (listed under "V Amount (A) or (D)") and a post-transaction beneficial ownership of 11,466.712 shares. The form is signed by Matthew Morris on 09/11/2025. No derivative transactions or additional narrative explanations are provided.

Insights

Securities Analyst

TL;DR: Director reported a small sale on 09/10/2025 leaving 11,466.712 shares beneficially owned.

The filing shows a non-derivative transaction with code S and a listed price of $7.9222. The numeric entry 1.1972 appears in the transaction row; the form does not clarify units beyond the table labels. Post-transaction beneficial ownership is explicitly stated as 11,466.712 shares. This appears routine and the filing contains no information on motivations, plan-based trades, or material company events.

Corporate Governance Expert

TL;DR: Routine director report; disclosure complies with Section 16 but provides no material corporate governance updates.

Matthew Morris is identified as a director and the reporting person filed individually. The signature and dated filing satisfy reporting requirements. There are no amendments, no derivative positions reported, and no explanatory text. From a governance perspective this is a standard insider disclosure rather than a material governance development.

Insider Trade Summary

Net Seller: 1.197 shares ($9)

Net Sell 1 txn

Insider Morris Matthew

Role Director

Sold 1.197 shs ($9.48)

Type	Security	Shares	Price	Value
Sale	Common Stock	1.197	$7.9222	$9.48

Holdings After Transaction: Common Stock — 11,466.712 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Morris Matthew

(Last) (First) (Middle)

1905 SHARP PL

(Street)

HOUSTON TX 77019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CORNERSTONE TOTAL RETURN FUND INC [ CRF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/10/2025		S		1.1972	D	$7.9222	11,466.712	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Matthew Morris	09/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Matthew Morris report on Form 4 for CRF?

The Form 4 reports a non-derivative transaction on 09/10/2025 with transaction code S and a listed price of $7.9222.

How many shares does Matthew Morris beneficially own after the reported transaction?

The filing states a post-transaction beneficial ownership of 11,466.712 shares.

What role does the reporting person hold at Cornerstone Total Return Fund (CRF)?

The report identifies Matthew Morris as a Director of Cornerstone Total Return Fund Inc.

Does the Form 4 report any derivative securities transactions?

No. Table II (derivative securities) contains no entries; only a non-derivative security transaction is reported.

When was the Form 4 signed and filed?

The signature line shows the form was signed by /s/ Matthew Morris on 09/11/2025 reflecting the reported transaction date of 09/10/2025.