Cornerstone Progressive Return is a diversified, closed-end management investment company. The Fund's investment objective is to provide long-term total return. The Fund will pursue its investment objective by investing primarily all of its assets in equity securities of U.S. issuers, non-U.S. issuers whose securities trade on a U.S. securities exchange or over the counter or as American Depositary Receipts ("ADRs") or other forms of depositary receipts, such as International Depositary Receipts ("IDRs"), which trade in the United States, closed-end investment companies and exchange-traded funds. As of Dec. 31, 2012, Co.'s portfolio totaled $115,126,006 and its assets totaled $119,928,635.

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