Press Release: Cornerstone Progressive Return Fund : Cornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund Announce Approval of Merger

NEW YORK, NY--(Marketwired - May 29, 2015) - Cornerstone Progressive Return Fund (NYSE MKT: CFP) and Cornerstone Strategic Value Fund, Inc. (NYSE MKT: CLM), (individually the "Fund" or, collectively, the "Funds"), each a closed-end management investment company, today announced that shareholders/stockholders have approved the merger of the Funds.