Welcome to our dedicated page for Cornerstone Strategic Investment Fund news (Ticker: CLM), a resource for investors and traders seeking the latest updates and insights on Cornerstone Strategic Investment Fund stock.
Cornerstone Strategic Investment Fund (CLM) provides investors with professionally managed exposure to diversified securities through its closed-end structure. This news hub offers essential updates for monitoring CLM's market position and investment strategy.
Access timely press releases covering portfolio adjustments, distribution announcements, and strategic initiatives. Track management insights, regulatory filings, and performance updates critical for evaluating this closed-end fund's market presence.
Our curated collection serves as your primary source for CLM's financial communications, including earnings reports and capital allocation decisions. Bookmark this page for direct access to verified updates from Cornerstone Advisors, LLC, and third-party analyses.
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.
Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have submitted their annual reports for the fiscal year ending December 31, 2022, to the SEC. These reports include audited financial statements and are available online at their respective websites. Both funds operate as closed-end, diversified management companies, and are registered under the Investment Company Act of 1940. Investors should be aware that the shares may trade at a discount to their net asset value and should carefully consider investment risks. Past performance does not guarantee future results, and the funds are subject to market risks.
Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have announced monthly distributions for 2023, maintaining a policy that reflects 21% of each fund's net asset value. CLM and CRF will distribute $0.1228 and $0.1173 per share, respectively, for January through March 2023. These distributions are not a reflection of investment returns and may include a return of capital, affecting the basis of shares. There are risks associated with these distributions, including potential declines in total assets if investment returns do not meet payout levels.
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