Cornerstone Strategic Investment Fund Stock Price, News & Analysis

Cornerstone Strategic Investment Fund (NYSE American: CLM) has announced a 1-for-3 rights offering, allowing stockholders to purchase additional shares. The Record Date is set for April 21, 2025, with stockholders receiving one non-transferable right per share held.

For every three rights, stockholders can purchase one new share at a subscription price of either 112% of NAV or 80% of market price at closing (whichever is greater) on the expiration date of May 16, 2025. The offering includes up to 84,252,329 shares, with a 100% over-allotment option for oversubscribing stockholders.

Shares will be issued within 15 days following the Fund's May 2025 monthly distribution record date. Notably, stockholders exercising their rights won't receive this distribution for newly purchased shares.

Cornerstone Total Return Fund (NYSE American: CRF) has announced a 1-for-3 rights offering, allowing stockholders to purchase additional shares. The record date is set for April 21, 2025, with stockholders receiving one non-transferable right per share held.

For every three rights, stockholders can purchase one new share at a subscription price of either 112% of NAV or 80% of market price (whichever is greater) at the offering's expiration. The subscription period ends May 16, 2025, at 5:00 p.m. EDT.

The Fund is offering 39,475,678 new shares with a 100% over-allotment option for oversubscribing stockholders. Shares will be issued within 15 days following the Fund's May 2025 monthly distribution record date, though new shares won't be eligible for this distribution.

Cornerstone Strategic Investment Fund (NYSE: CLM) and Cornerstone Total Return Fund have filed their annual reports on Form N-CSR with the SEC, including audited financial statements for the fiscal year ended December 31, 2024.

The reports are accessible online at their respective websites and free physical copies can be obtained by calling 1-866-668-6558. Both funds are closed-end, diversified management companies managed by Cornerstone Advisors,

The funds remind investors that closed-end funds typically trade at a discount from their net asset value and carry various risks including market risk. Trading prices at the time of sale may differ from the original purchase price or net asset value.

Cornerstone Strategic Investment Fund (NYSE American: CLM) and Cornerstone Total Return Fund (NYSE American: CRF) have announced their continuing monthly distributions for April, May, and June 2025. CLM will distribute $0.1224 per share, while CRF will distribute $0.1168 per share for each month.

The Funds' distribution policy involves an annual reset of monthly distribution amounts based on October's net asset value and Board-approved distribution percentages. These distributions aren't directly tied to investment income or capital gains. For 2025, a portion of distributions is expected to be return-of-capital.

Stockholders can choose to reinvest distributions through the dividend reinvestment plan or receive cash. Tax-reporting information for 2025 distributions will be available by mid-February 2026. The Funds' Boards maintain that this policy provides stability and liquidity for stockholders.

Cornerstone Strategic Value Fund (NYSE: CLM) announced its name will change to Cornerstone Strategic Investment Fund, effective December 6, 2024. The Board of Directors approved this change, while maintaining the fund's existing investment objective, policies, and restrictions. The fund's ticker symbol (CLM) and CUSIP number (21924B302) will remain unchanged. CLM continues to operate as a closed-end, diversified management company registered under the Investment Company Act of 1940, with Cornerstone Advisors, serving as its investment manager.

Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund announced their monthly distributions for early 2025. CLM will distribute $0.1224 per share monthly, while CRF will distribute $0.1168 per share. The distribution rates remain at 21% of net asset value for both funds.

These distributions are not tied to investment income or capital gains and may include return of capital. Stockholders can reinvest distributions through dividend reinvestment plans. Given current market conditions, a portion of 2024 distributions is expected to consist of return of capital.

Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have announced their continuing monthly distributions for the last quarter of 2024 and distribution percentage for 2025. Key points:

• CLM will distribute $0.1086 per share monthly from October to December 2024
• CRF will distribute $0.1037 per share monthly from October to December 2024
• Both funds will maintain a 21% distribution percentage for 2025
• The distribution amount for 2025 will be reset based on the net asset value as of October 31, 2024
• Distributions may include earnings, capital gains, or return-of-capital
• The funds' distribution policy aims to provide a stable, high rate of distribution to stockholders

Cornerstone Strategic Value Fund, Inc. and Cornerstone Total Return Fund, Inc. announced continuing monthly distributions in line with their distribution policy. The distributions are not tied to investment income or capital gains and may include earnings, capital gains, or return-of-capital. The Boards review and approve the distribution policy annually for the benefit of stockholders. Stockholders have the option to reinvest distributions or receive them in cash. The distributions may consist of a return-of-capital, which reduces the cost basis of stockholder shares. Each Fund's net asset value determines the Distribution Amount, which may change annually. The distribution composition for 2024 is subject to market conditions and may include a return of the stockholder's capital. Stockholders will receive tax-reporting information for 2024 distributions by February 2025. Cornerstone Funds aim to create opportunities through investments in closed-end funds, which enhance portfolio diversification but may be subject to risks and expenses. Each Fund may engage in share repurchase activity to enhance stockholder value.