MERGER AGREEMENT AND PLAN OF REORGANIZATIONMerger Agreement • August 25th, 2015 • Cornerstone Strategic Value Fund Inc • Maryland
Contract Type FiledAugust 25th, 2015 Company JurisdictionTHIS MERGER AGREEMENT AND PLAN OF REORGANIZATION (the "Agreement") is made as of this 26th day of June, 2015, between Cornerstone Progressive Return Fund (the "Target Fund" or "CFP"), a Delaware statutory trust and a registered investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and Cornerstone Strategic Value Fund, Inc. (the "Acquiring Fund" or "CLM"), a Maryland corporation and a registered investment company under the 1940 Act. CLM and CFP shall hereinafter be referred to as a "Fund" or the "Funds."