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, Inc. (NYSE American: CLM) is a closed-end, diversified management investment company that regularly issues detailed public announcements, making it an active subject for news tracking. CLM is organized as a Maryland corporation, registered with the SEC under the Investment Company Act of 1940, and advised by Cornerstone Advisors, LLC.
News about CLM often focuses on its managed monthly distribution policy. The fund’s Board of Directors periodically announces continuing monthly distributions, the reset of the monthly distribution amount per share for upcoming calendar years, and the annualized distribution percentage used to determine those amounts. These releases explain how distributions may include earnings, capital gains, and return of capital, and clarify that the distribution percentage is not directly tied to portfolio investment returns.
Another recurring news theme is rights offerings and capital raising. CLM has announced and completed 1-for-3 rights offerings, describing the record date for stockholder eligibility, the number of rights issued, the subscription formula based on net asset value and market price, and the possibility of over-subscription privileges. Follow-up releases have reported preliminary subscription results and anticipated issuance of new shares.
Investors following CLM news can also see updates on the fund’s annual reports on Form N-CSR, which include audited financial statements, and Board decisions such as the approval of a name change from Cornerstone Strategic Value Fund, Inc. to Cornerstone Strategic Investment Fund, Inc. News items frequently reiterate key risk disclosures, the nature of return-of-capital distributions, and the structural characteristics of closed-end funds. This news page aggregates these developments so readers can review CLM’s distribution announcements, rights offering details, and regulatory reporting history in one place.
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.
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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.
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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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