News Article | May 12, 2017
NEW YORK, NY--(Marketwired - May 12, 2017) - Cornerstone Strategic Value Fund, Inc. ( : CLM) and Cornerstone Total Return Fund, Inc. ( : CRF), (individually the "Fund" or, collectively, the "Funds"), each a closed-end management investment company, announced that in keeping with each Fund's previously adopted monthly distribution policy, each Fund is declaring the following distributions: Each Fund's distribution policy provides for the resetting of the monthly distribution amount per share ("Distribution Amount") annually, based on each Fund's net asset value on the last business day of each October and the annualized distribution percentage previously approved by the respective Board of Directors (individually the "Board", or collectively, the "Boards"). Each Board believes each Fund's distribution policy maintains a stable, high rate of distribution. These distributions are not tied to each Fund's investment income or capital gains and do not represent yield or investment return on each Fund's portfolio. The Distribution Amount from one calendar year to the next will increase or decrease based on the change in each Fund's net asset value. The terms of each distribution policy will be reviewed and approved at least annually by each Fund's Board and may be modified at their discretion for the benefit of each Fund and its stockholders. Each Fund's Board remains convinced its stockholders are well served by a policy of regular distributions which increase liquidity and provide flexibility to individual stockholders in managing their investment. Stockholders have the option of reinvesting these distributions in additional shares of their Fund or receiving them in cash. Stockholders may consider reinvesting all or a portion of their regular distributions through their Fund's reinvestment plan. Stockholders should carefully read the description of the dividend reinvestment plan contained in each Fund's report to stockholders, which may at times provide additional benefit to stockholders who participate in their Fund's plan. Under each Fund's distribution policy, each Fund may distribute to stockholders each month a minimum fixed percentage per year of the net asset value or market price per share of its common stock or at least a minimum fixed dollar amount per year. In determining to adopt this policy, the Board of each Fund sought to make regular monthly distributions throughout the year. Under each policy, each Fund's distributions will consist either of (1) earnings, (2) capital gains, or (3) return-of-capital, or some combination of one or more of these categories. A return-of-capital is the return of a portion of the investor's original investment. Given the current economic environment and the composition of each Fund's portfolio, a substantial portion of each Fund's distributions made during the current calendar year is expected to consist of a return of the investor's capital. Accordingly, these distributions should not be confused with yield or investment return on each Fund's portfolio. The final composition of the distributions for 2017 cannot be determined until after the end of the year and is subject to change depending on market conditions during the year and the magnitude of income and realized gains for the year. In any given year, there can be no guarantee that each Fund's investment returns will exceed the amount of the net distributions. To the extent the amount of distributions taken in cash exceeds the total net investment returns of a Fund, the assets of a Fund will decline. If the total net investment returns exceed the amount of cash distributions, the assets of a Fund will increase. Distributions designated as return-of-capital are not taxed as ordinary income dividends and are referred to as tax-free dividends or nontaxable distributions. A return-of-capital distribution reduces the cost basis of an investor's shares in the Fund. Stockholders can expect to receive tax-reporting information for 2017 distributions by the middle of February 2018 indicating the exact composition per share of the distributions received during the calendar year. Stockholders should consult their tax advisor for proper tax treatment of each Fund's distributions. Volatility in the world economy helps to create what Cornerstone Advisors, Inc. (the "Adviser") views as significant opportunities through investments in closed-end funds. In addition to holding closed-end funds which invest substantially all of their assets in equity securities, the Adviser may also choose to take advantage of situations in funds which invest in fixed income or other investment categories. Closed-end funds, with their broadly diversified holdings, enhance diversification within each Fund's portfolio. Investing in other investment companies involves substantially the same risks as investing directly in the underlying instruments, but the total return on such investments at the investment company level is reduced by the operating expenses and fees of such other investment companies, including advisory fees. To the extent each Fund invests its assets in investment company securities, those assets will be subject to the risks of the purchased investment company's portfolio securities, and a stockholder in a Fund will bear not only their proportionate share of the expenses of a Fund, but also, indirectly the expenses of the purchased investment company. There can be no assurance the investment objective of any investment company in which a Fund invests will be achieved. Under the managed distribution policy, each Fund makes monthly distributions to stockholders at a rate which may include periodic distributions of its net income and net capital gains, ("Net Earnings"), or from return-of-capital. If, for any fiscal year where total cash distributions exceeded Net Earnings (the "Excess"), the Excess would decrease each Fund's total assets and, as a result, would have the likely effect of increasing each Fund's expense ratio. There is a risk the total Net Earnings from each Fund's portfolio would not be great enough to offset the amount of cash distributions paid to Fund stockholders. If this were to occur, a Fund's assets would be depleted, and there is no guarantee a Fund would be able to replace the assets. In addition, in order to make such distributions, a Fund may have to sell a portion of its investment portfolio at a time when independent investment judgment might not dictate such action. Furthermore, such assets used to make distributions will not be available for investment pursuant to the Fund's investment objective. Cornerstone Strategic Value Fund, Inc. and Cornerstone Total Return Fund, Inc. are traded on the NYSE MKT LLC under the trading symbols "CLM" and "CRF", respectively. For more information regarding each Fund please visit www.cornerstonestrategicvaluefund.com and www.cornerstonetotalreturnfund.com. Past performance is no guarantee of future performance. An investment in a Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An investor should carefully consider a Fund's investment objective, risks, charges and expenses. Please read a Fund's disclosure documents before investing. In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on a Fund's investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in each Fund's disclosure documents, filed with the U.S. Securities and Exchange Commission, and actual trends, developments and regulations in the future, and their impact on each Fund could be materially different from those projected, anticipated or implied. Each Fund has no obligation to update or revise forward-looking statements.
News Article | May 9, 2017
Pre-eminent broadcasters including Netflix/USA, Disney Channel (EMEA), TF1/France, Gloob/Brazil, and many more, have committed to broadcast Season 2 and 3 based on Miraculous™ ranking as high as #1 with girls and/or kids in such markets as France, Spain, UK, Germany, Poland, Norway, Latin America, Brazil, Argentina, Columbia, Peru and Korea. Free to air partners Super! in Italy and POP in the UK, have both registered #1 rankings since Miraculous™ launched on their networks this spring. ZAG works with stellar licensing agents in each territory: Bulldog Licensing, CLM, Doce, Gloob Licensing, Haven, IMC, J&M, MBC, Mediogen, Planeta, Plus, SamG, Segal, Team License, TF1 and Tycoon. ™ ZAG is an award winning, global animation production company founded by Jeremy Zag (32) in 2009. ZAG was founded in Paris, France and now has offices located in USA, Europe, Canada and Asia. With a vision to develop global brand franchises, ZAG Animation Studios makes full-length animated feature films and ZAG/Zagtoon produces groundbreaking TV animation for the global market. Today ZAG is most well-known for Miraculous™, Tales of Ladybug & Cat Noir which is a critically acclaimed, comedy-action, CGI animated series about a transforming girl super hero. Since its launch in late 2015, it has been topping TV ranking charts around the world and appearing in over 80 countries worldwide. ZAG will release at least one new TV series each year and its first feature film is slated for 2019. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/zag-experiences-miraculous-global-growth-300453891.html
News Article | May 16, 2017
Marsden Marketing has earned eight awards in the 2017 Hermes Creative Awards competition, including two platinum honors for its digital, public relations and integrated marketing campaigns. “These awards are a great acknowledgement of our team’s skill and creativity in designing strategic programs that produce results for our clients,” said Anne Marsden, principal and founder of the company. “I’m particularly delighted that we were recognized in a variety of categories for diverse projects. It’s a testament to the comprehensive, integrated work we produce in partnership with our clients.” Marsden Marketing won platinum awards – the program’s highest honor – for two digital projects, one for website animation and the second for a product marketing video. The projects were produced for two technology clients in the healthcare industry. The company received gold awards for public relations, content and advertising initiatives for three clients: a payment processing provider, a digital signage solutions integrator and a strategic management consulting and advisory firm. Marsden Marketing also received honorable mentions for a trade show marketing campaign and an integrated marketing campaign for another technology client in the communications lifecycle management (CLM) space. And to top it off, the company received a third honorable mention for its own video blog series, a B2B Digital Marketing Feast. More information about the awards can be found here. The Hermes awards come on the heels of a Silver Stevie® Award the company won in the Fastest Growing Company of the Year category for Women in Business. Marsden Marketing has doubled its revenues and increased profitability in the past two years, while growing both its employee team and client base. Hermes Creative Awards is administered and judged by the Association of Marketing and Communication Professionals. The international organization consists of several thousand marketing, communication, advertising, public relations, media production and freelance professionals. AMCP oversees award and recognition programs, provides judges and rewards outstanding achievement and service to the profession. B2B companies seek out Marsden Marketing’s results-focused expertise as a full-service digital marketing agency that integrates digital marketing and PR to accelerate clients’ brand positioning and propel their lead generation programs. Based in Atlanta, Marsden Marketing is the first Hubspot Platinum Partner in Georgia and continues to be recognized for its B2B marketing expertise. For more information, contact us at 678.369.0019 or visit http://www.marsdenmarketing.com.
News Article | May 3, 2017
COLUMBIA, Md., May 3, 2017 /PRNewswire/ -- Autani, LLC, a proven leader in building controls and IoT, has announced that its award-winning EnergyCenter building management platform now integrates with OSRAM's Connected Lighting Module (CLM), allowing customers to easily convert their...
News Article | May 8, 2017
NEW YORK, United States — Fashion’s first super-agency is losing its kingfish. Great Bowery chief executive Matthew Moneypenny is exiting the agency, effective immediately, BoF has learned. An email was sent to firm partners and high-level staffers on Sunday evening announcing his departure, which is thought to be rooted in disagreements between the executive and his investor, the asset management firm Waddell & Reed. “Over nearly a decade of hard work and incredible growth, I had the privilege of building a tiny Danish software company into a global powerhouse,” Moneypenny told BoF when reached on Sunday night. “However, due to different visions for the future, it became clear that the time had come to part ways. I am incredibly proud of Great Bowery and the work that my partners and I put into building it.” A representative for Waddell & Reed could not be reached for comment at the time of publication. Moneypenny remains an investor in the firm, which he founded in 2014 in an effort to bring the same synergies to fashion that Hollywood agencies offer the entertainment industry. Great Bowery’s stable includes Trunk Archive, the image licensing firm where Moneypenny had been chief executive since 2007; Streeters, which represents stylists including Karl Templer and Patti Wilson along with many other image makers; Bernstein & Andriulli, whose roster includes photographers, illustrators and CGI studios; M.A.P, home to photographers including Jamie Hawkesworth, Tyrone Lebon and Dan Martensen; and CLM, or Camilla Lowther Management, which looks after photographers like Josh Olins, Juergen Teller and Tim Walker and stylists such as Katie Grand and Clare Richardson. “I would like to thank the talented employees of Great Bowery — and the wildly creative artists it represents - for the many wonderful years together,” Moneypenny said. “I will very much miss working with so many inspired people! I am optimistic that whoever replaces me will uphold the company's high standards of taste, service and integrity.” The news of Moneypenny’s dismissal comes just weeks after Alex Carloss, head of originals at Youtube, left the board, while two more board seats are set to expire imminently. It is thought that the current board will replace Moneypenny with an interim chief executive from Great Bowery’s financial team. A former Hollywood agent himself, Moneypenny had great ambitions for Great Bowery, with an aim to turn its artists into executive producers who create a wider breadth of content and product across multiple platforms. “I think we all know what the challenges are to our beloved print industry,” Moneypenny told BoF in 2016. “But the people who make this media and make this content and tell these stories in a fashion and beauty context clearly have opportunities beyond their traditional milieu.” Moneypenny has faced plenty of competition from the Hollywood establishment. WME-IMG in particular is betting big on fashion, acquiring essential components of the industry’s ecosystem — including the Wall Group and MADE Fashion Week — and launching Lens, a new agency for up-and-coming photographers and filmmakers. Waddell & Reed, too, has been challenged, as investors continue to favour passive management — or a portfolio that mimics the components of a market index — over active management, where individuals or teams customise a portfolio (offering a human touch). The Kansas-based firm posted a 40 percent decline in earnings in 2016 — $146.9 million or $1.78 per share, down from $245.5 million or $2.94 per share in 2015 — with assets under management down 23 percent to $80.5 billion. According to people familiar with the matter, the Waddell & Reed executive managing the relationship with Great Bowery has changed multiple times since the firm’s investment, indicating a culture clash between the firm and the media company.
News Article | April 20, 2017
DENVER--(BUSINESS WIRE)--Conga, le fournisseur d'applications au service des entreprises voulant automatiser et optimiser leur productivité commerciale, a annoncé aujourd'hui la sortie de Conga Contracts sur Salesforce AppExchange, permettant aux entreprises de se connecter à leurs clients, partenaires et employés de manières totalement novatrices. S'appuyant sur la plateforme Salesforce CRM, cette nouvelle solution aide les équipes de vente à accélérer la création, la négociation, la finalisation et l'analyse de contrats parmi les clients, les équipes de vente et juridique. Conga Contracts met les commerciaux sur le devant de la scène pour créer et négocier des changements de manière collaborative dans les limites imparties par l'équipe juridique et avoir la visibilité nécessaire pour traiter de près leurs contrats, accélérant ainsi le processus de négociation et de finalisation des contrats. Les deux premières éditions du produit Conga Contracts disponibles aujourd'hui sont l'édition Negotiator™, une solution flexible pour l'annotation contractuelle et le rapprochement des données, et l'édition Business CLM™, qui comprend toutes les fonctionnalités de Conga Contracts Negotiator, plus les fonctions CLM (gestion du cycle de vie des contrats), comme une bibliothèque des clauses, le regroupement des clauses, le suivi de progression des contrats, les familles de contrats et l'analyse contractuelle. La solution Conga Contracts comble le vide entre les équipes de vente et juridique en leur permettant de collaborer pour finaliser des contrats. Grâce à Conga Contracts, les équipes juridiques établissent différents types de contrats, depuis le contrat d'embauche ou de fournisseurs, jusqu'aux contrats-cadres de services, les divulgations et les conditions générales et leurs alternatives acceptables (concernant les frais, renouvellements automatiques et autres), via la bibliothèque des clauses dans Conga Contracts ou la bibliothèque des termes des devis Salesforce CPQ. Les équipes de vente peuvent sélectionner un groupe de clauses et modifier les contrats au sein des paramètres stipulés par l'équipe juridique, garantissant ainsi une finalisation plus fluide et rapide pour l'équipe de vente. "Conga Contracts fournit la réponse que nous cherchions pour améliorer notre processus de négociation de contrat", déclare Suzan O’Leary, responsable projet chez Abiomed, Inc. "Dans l'industrie des dispositifs médicaux, la réduction de la durée des cycles des processus signifie que nos clients peuvent traiter leurs patients plus rapidement et dégage un temps précieux pour les docteurs et les administrateurs hospitaliers. J'ai été l'une des premières à voir Conga Contracts en action, nous sommes ravis d'ouvrir la voie pour nos clients grâce à l'optimisation de l'expérience de vente, tout en réduisant les risques et en simplifiant les négociations."  Gartner, Forecast: ERP, SCM and CRM by Selected Functionality, Worldwide, 2015-2020, Hai Hong Swinehart, Chad Eschinger, Robert P. Anderson, Chris Pang, Nigel Montgomery and John Kostoulas, November 7, 2016. Salesforce et d'autres marques sont des marques commerciales de Salesforce.com, Inc.. Microsoft, Microsoft Word sont des marques déposées ou des marques commerciales de Microsoft Corp. aux États-Unis et/ou dans d'autres pays. Adobe Sign, DocuSign et Sertify sont des marques déposées ou des marques commerciales de leurs propriétaires respectifs. À propos de Salesforce AppExchange Salesforce AppExchange est le leader mondial des applications d'entreprise, permettant aux professionnels de vendre, fournir des services, commercialiser et communiquer de manière totalement novatrice. Avec 3 500 applications partenaires et plus de 4 millions d'installations client, il s'agit de la source la plus complète de technologies cloud, mobile, sociale, IoT, analytique et d'intelligence artificielle destinée aux entreprises. En tant que partenaire ISV de Salesforce Platinum, Conga s'engage à fournir à ses clients une infrastructure, une sécurité et des solutions pour entreprise. Au total, plus de 8 000 sociétés (comme Hilton Worldwide, Schumacher Group et CBRE), dans plus de 45 pays et issues de toutes les industries, font confiance aux applications de Conga pour utiliser le plein potentiel de leurs données Salesforce.
News Article | April 17, 2017
"I had to put a blanket in a laundry basket to lure my cat inside, and then I would put a second basket on top and tie the two baskets together to form a makeshift carrier," said an inventor from Columbus, Ohio. "I knew that there had to be an easier, less stressful way to transport my cat." She developed the CAT-ILLAC to make it easier to load a frightened, anxious cat or dog into the carrier. The design eliminates the need to struggle with the animal in order to get him or her to go into the carrier, which lessens stress for both the pet and owner. The design of the carrier allows for better pet visibility. It also ensures that the pet can be transported safely in a vehicle. Furthermore, the invention can be easily wiped clean. The original design was submitted to the Columbus office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 15-CLM-276, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com - https://www.youtube.com/user/inventhelp
News Article | April 17, 2017
"I grew tired of having to buy expensive blades that wore out quickly," said an inventor from Sugargrove, Ohio. "I came up with this idea so that I could reshape and sharpen the blades of a multi-tool so that they would last longer." He developed the SUPER SHARP to reshape and sharpen the blades of a multi-tool. This extends the useful life of the blades. The unit reduces the need to purchase new blades as frequently. This is designed to save money on replacement blade costs. Additionally, the invention saves time and effort, and eliminates hassles and frustrations. The original design was submitted to the Columbus office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 15-CLM-272, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com - https://www.youtube.com/user/inventhelp
News Article | February 17, 2017
Due to an error from CEP, incorrect information was provided for this press release. Please update information using this corrected release. Today, Governor Rick Scott announced that Chewy, an online retailer of pet food and products in the United States, will locate a new fulfillment center in Marion County. The new facility will create 600 jobs and a $31 million capital investment in the region. Governor Scott said, “I am proud to announce that Chewy will be building a new facility in Ocala and creating 600 new jobs for Florida families. While Chewy is a Florida-based company, they could have chosen to invest in any of their locations across the country. Instead, they decided to create hundreds of new jobs in Florida because of the hard work of Enterprise Florida and local economic development organizations, and our unrelenting focus on making Florida the best place for business. I am proud to celebrate Chewy’s expansion today and look forward to continuing to bring more jobs wins to our state.” Ryan Cohen, CEO of Chewy said, “We are pleased to expand our workforce and bring fulfillment operations to our home state. As a Florida-based company, we recognize the importance of driving economic opportunities in the region and we appreciate the partnership of Enterprise Florida and the CEP as we work to invest in the Ocala community through the creation of 600 new jobs. In addition to job creation, we look forward to the opening of this fulfillment center helping to better serve Chewy customers with even more efficient and faster delivery times.” Chris Hart IV, president and CEO of Enterprise Florida, Inc. said, “Not only is a great Florida company continuing to grow, but Chewy has chosen to grow in their home state. Florida continues to shine as a national leader for job creation, and companies like Chewy are a big part of our success as a state. I commend them on their success and look forward to seeing their continued growth." Cissy Proctor, executive director of the Florida Department of Economic Opportunity, said, “Chewy’s expansion in Marion County is great news for Central Florida’s economy and I am proud that the company is continuing to invest in Florida. The 600 new jobs Chewy’s is bringing to the area will provide new opportunities to local job seekers and a chance for more Florida families to live their American Dream.” Carl Zalak, Chair of the Marion County Board of County Commissioners, said, “We are excited about bringing another great company to our community. Bringing Chewy to Marion County is great news for our county. This project means more jobs, investment and momentum to our community and we couldn’t be more excited about the future.” Brent Malever, Ocala City Council President, said, “On behalf of the Ocala City Council, we are incredibly excited to welcome Chewy to Ocala/Marion County. In addition to creating nearly 600 jobs, this is another great investment to keep Ocala moving in the right direction.” Ken Ausley, Chairman of the CEP Board of Trustees, said, “This announcement represents a partnership between Chewy, the City of Ocala, Marion County, Duke Energy, CareerSource CLM, Ocala 489 LLC, Enterprise Florida, and the Ocala/Marion County Chamber & Economic Partnership.” Chewy is the #1 online retailer of pet food and products in the United States with a leading share of the e-commerce market. Founded in 2011 by entrepreneurs, Ryan Cohen and Michael Day, Chewy set out to disrupt the existing pet industry by offering pet parents the expertise and service of a local pet store with the convenience of online shopping. Chewy delivers on that promise with its dedication to 24/7 customer service, creation of cutting-edge software and technology to enhance the user experience, and commitment to sourcing high quality products. Headquartered in Dania Beach, Florida, Chewy currently employs more than 3,700 pet lovers both in their home office and fulfillment centers in Pennsylvania, Indiana and Nevada. For more information, visit www.chewy.com. Enterprise Florida, Inc. is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for Florida. EFI facilitates job growth through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses. EFI launched “Florida – The Future is Here” to promote the state as the nation’s premier business destination. The Ocala/Marion County Chamber & Economic Partnership (CEP) was formed to create a one-stop approach to business retention, attraction and creation efforts. Moving Forward is our charge and it reflects our desire to be a unified voice and catalyst for the business community. By working together with our partners and community investors, we will continue to improve our quality of life and build a strong base for economic development in Marion County.
News Article | February 22, 2017
The Claims and Litigation Management Alliance (CLM) is pleased to announce Atkinson-Baker Court Reporters (http://depo.com) as sponsor for the 2017 CLM Annual Conference.