TEXT-EXTRACT 2 filename2.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 DI VISION OF CORPORATI ON FI NANCE August 12, 2020 By E-Mail Jerald A. Hammann 1566 Sumter Ave. N. Minneapolis, MN 55427 Re: CytRx Corporation Revised Preliminary Proxy Statement Filed August 7, 2020 by Jerald A. Hammann File No. 000-15327 Dear Mr. Hammann: We have reviewed your filing and have the following comments. Revised Preliminary Proxy Statement Background of the Solicitation, page 3 1. We note your response to our prior comment 1 in our July 31, 2020 comment letter. We do not believe you have provided sufficient support for the suggestion that the decision by the company to postpone its annual meeting was related to your request that it do so. Thus, please revise your disclosure to include the facts described in your response or remove the suggestion. Reasons for the Solicitation, page 5 2. We reissue prior comment 6 in our July 31, 2020 comment letter because we do not believe you have provided sufficient support that the company s cost of capital has increased. Please direct any questions to me at (202) 551-3619. Sincerely, /s/ Daniel F. Duchovny Daniel F. Duchovny Special Counsel Office of Mergers and Acquisitions