Sit Investment Associates Reduces Stake in Cornerstone Total Return Fund to 3.5%

On April 6, 2026, Sit Investment Associates, Inc. (SIA) and its subsidiary, Sit Fixed Income Advisors II, LLC (SFI), filed an amended Schedule 13G/A regarding their holdings in Cornerstone Total Return Fund Inc (CRF). The filing indicates a significant reduction in their position. As of the event date on March 31, 2026, the reporting persons beneficially owned 5,751,900 shares of common stock, representing 3.5% of the shares outstanding. This is a decrease from their previously reported position of 10,090,707 shares. SIA and SFI serve as investment advisers to various client accounts and possess shared voting and investment power over the reported securities. Consequently, they disclaim beneficial ownership of these shares under Rule 13d-4. The calculation of the ownership percentage is based on 164,889,238 shares outstanding as of late 2025, adjusted for dividend reinvestment. The filing confirms that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer.