Cornerstone Progressive Return Fund (the Fund) is a closed-end, diversified investment company. The Fund's investment objective is to provide long-term total return. The Fund�s portfolio includes equity securities, convertible securities and short-term investments. The Fund invests in sectors, such as closed-end funds, information technology, energy, financials, healthcare, consumer staples, industrials, consumer discretionary, materials, utilities and other. The Fund is managed by Cornerstone Advisors, Inc.