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. reports developments for a NYSE American-listed closed-end, diversified management investment company registered under the Investment Company Act of 1940. The Maryland fund is managed by Cornerstone Advisors, LLC and uses a monthly distribution policy tied to net asset value and a board-approved annualized distribution percentage.
Recurring updates include Form N-CSR annual reports with audited financial statements, monthly distribution declarations, NAV-related distribution resets, and capital-structure actions such as completed rights offerings. Company news also documents the fund's current name following its change from Cornerstone Strategic Value Fund, Inc., with its ticker symbol and CUSIP unchanged.
Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have filed their annual reports on Form N-CSR with the SEC, featuring audited financial statements for the fiscal year ended December 31, 2020. These reports are accessible online and can be requested for free. Both funds are closed-end, diversified management companies registered under the Investment Company Act of 1940. Investors are reminded that past performance does not assure future results, and investments are subject to market risks, often trading at discounts from their net asset values.
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Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) announced monthly distribution rates for 2021, maintaining a stable policy with a 21% annualized distribution percentage of net asset value. Each fund will pay $0.1602 per share for CLM and $0.1537 for CRF from January to March 2021, with record dates prior to the payment dates. Distributions may include earnings, capital gains, or return-of-capital. Shareholders can opt for cash distributions or reinvest through a dividend reinvestment plan.
Cornerstone Strategic Value Fund (NYSE: CLM) has announced its monthly distribution policies for 2020. The fund will maintain a distribution percentage of 21% of its net asset value, unchanged from 2019. For October, November, and December 2020, the distribution per share will be $0.1853. The distribution policy aims to provide regular returns to stockholders, enabling options for cash or reinvestment. However, a substantial part of distributions may be returns of capital, not tied to investment income, affecting fund liquidity.
Summary not available.