Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2027

Both funds expect part of their 2026 distributions to return shareholders’ original capital rather than investment earnings.

Rhea-AI Summary

Cornerstone Strategic Investment Fund (CLM) and Cornerstone Total Return Fund (CRF) reset monthly distributions for 2027 and declared first-quarter payments.

Monthly payments are $0.1053 per share for CLM and $0.1022 per share for CRF. Both funds will pay on January 29, February 26 and March 31, 2027, to holders of record on January 15, February 16 and March 15, respectively.

The annualized distribution percentage remains 21% of each fund’s net asset value on the last business day of October. Net asset value means assets minus liabilities. Distributions are not tied to investment income or capital gains and do not represent portfolio yield or investment return.

Positive

• Minor point. Forward-looking: it has not happened yet and may not happen.CLM monthly distributions of $0.1053 per share declared for January, February and March 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.CRF monthly distributions of $0.1022 per share declared for January, February and March 2027.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Both funds expect return of capital in part of their 2026 distributions, reducing shareholders’ cost basis.
• Minor pointDistribution amounts are not portfolio yield or investment return and are not tied to income or capital gains.

Key Figures

CLM monthly distribution: $0.1053 per share CRF monthly distribution: $0.1022 per share Annual distribution percentage: 21% of net asset value

CLM monthly distribution

$0.1053 per share

January–March 2027

CRF monthly distribution

$0.1022 per share

January–March 2027

Annual distribution percentage

21% of net asset value

Calendar year 2027; unchanged from the current year

Historical Context

1 past event · Latest: Aug 17

1 event

1. Aug 17

   Distribution policy

   24h Move

   -5.6%

   Boards set 2027 distribution percentage at 21%, before actual NAV-based amounts were reset.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net asset value, return-of-capital, dividend reinvestment plan, exchange-traded funds

4 terms

net asset value financial

"each Fund’s net asset value on the last business day of October"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

View in glossary

return-of-capital financial

"distributions will consist either of (1) earnings, (2) capital gains, or (3) return-of-capital"

A return-of-capital is a payment or distribution to shareholders that represents a return of part of their original investment rather than corporate earnings. It reduces the company’s equity or capital accounts and, for the shareholder, typically reduces the cost basis of the stock (rather than being treated as ordinary dividend income); if the distribution exceeds the shareholder’s cost basis it is generally taxed as a capital gain. Unlike a dividend, a return-of-capital signals that the cash came from sources such as previously invested capital, asset sales, or reserve accounts rather than current profits.

dividend reinvestment plan financial

"reinvesting their regular distributions through their Fund’s dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

exchange-traded funds financial

"other investment companies such as Exchange-Traded Funds (“ETFs”)"

An exchange-traded fund is an investment product that bundles many stocks, bonds, or other assets into a single package that trades on a stock exchange like an individual share; think of it as a ready-made basket you can buy or sell throughout the trading day. For investors it matters because ETFs provide easy access to broad exposure, typically lower costs and built-in diversification, and the ability to adjust positions quickly without buying each asset separately.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Cornerstone Strategic Investment Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP: 21924U300), (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, which have been reset for the calendar year 2027.

	Record Date	Payable Date	Per Share
CLM	January 15, 2027	January 29, 2027	$0.1053
CLM	February 16, 2027	February 26, 2027	$0.1053
CLM	March 15, 2027	March 31, 2027	$0.1053
CRF	January 15, 2027	January 29, 2027	$0.1022
CRF	February 16, 2027	February 26, 2027	$0.1022
CRF	March 15, 2027	March 31, 2027	$0.1022

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 October and the annualized distribution percentage approved by the respective Board of Directors (individually the “Board”, or collectively, the “Boards”). Each Board previously announced the distribution percentage for the calendar year 2027 would remain unchanged from the current year at 21% of the net asset value of each Fund.

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 are 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 in each Fund. Stockholders have the option of reinvesting these distributions in additional shares of their Fund or receiving them in cash. Stockholders may consider reinvesting their regular distributions through their Fund’s dividend reinvestment plan, which may at times provide additional benefit to stockholders who participate in their Fund’s plan. Stockholders should carefully read the description of the dividend reinvestment plan contained in each Fund's report to stockholders.

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 stockholder’s original investment.

Given the current economic environment and the composition of each Fund’s portfolio, a portion of each Fund’s distributions made during the current calendar year is expected to consist of a return of the stockholder’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 2026 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 each Fund’s investment returns will exceed the amount of the net distributions. To the extent the amount of distributions paid to stockholders in cash exceeds the total net investment returns of the 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 a stockholder’s shares in the Fund. Stockholders can expect to receive tax-reporting information for 2026 distributions by the middle of February 2027, 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, LLC (the “Adviser”) views as significant opportunities through investments in equity securities. The Adviser may choose to invest in other investment companies such as Exchange-Traded Funds (“ETFs”), which may invest in other investment categories.

Investing in other investment companies, such as ETFs, 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 the 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.

Each Fund’s Board has previously approved a share repurchase program. The share repurchase program authorizes management to make open market purchases, from time to time. Such purchases may be made opportunistically at certain discounts to net asset value per share when management reasonably believes such repurchases may enhance stockholder value. There is no assurance each Fund will purchase any shares or the share repurchase program will have an impact on the liquidity or value of the respective Fund or the Fund’s shares. To the extent each Fund engages in share repurchase activity, such activity will be disclosed in each Fund’s stockholder reports for the relevant fiscal period.

Cornerstone Strategic Investment Fund, Inc. and Cornerstone Total Return Fund, Inc. are traded on the NYSE American LLC under the trading symbols “CLM” and “CRF”, respectively. For more information regarding each Fund please visit www.cornerstonestrategicinvestmentfund.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. A stockholder 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 the Fund could be materially different from those projected, anticipated or implied. Each Fund has no obligation to update or revise forward-looking statements.

Contact: (866) 668-6558

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are CLM and CRF’s monthly distributions for 2027?

CLM’s monthly amount is $0.1053 per share, and CRF’s is $0.1022 per share for 2027. Both funds declared payments for January 29, February 26 and March 31, 2027. The respective record dates are January 15, February 16 and March 15.

Can CLM and CRF shareholders reinvest their distributions?

Shareholders can reinvest distributions in additional shares of their fund or receive cash. Each fund offers a dividend reinvestment plan, with a description in its report to stockholders.

When will CLM and CRF shareholders learn the tax composition of 2026 distributions?

Shareholders can expect tax-reporting information by the middle of February 2027, showing the exact composition per share of their 2026 distributions. The final composition cannot be determined until after year-end. Return-of-capital distributions reduce the cost basis of a shareholder’s fund shares and are not taxed as ordinary income dividends.