Cornerstone Strategic Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york, may 03, 2024 (globe newswire) -- cornerstone strategic value 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.

New york, march 01, 2024 (globe newswire) -- cornerstone strategic value 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”) have each filed copies of their annual report on form n-csr with the u.s. securities and exchange commission (“sec”). each report includes audited financial statements for the fiscal year ended december 31, 2023. the annual reports are available online at www.cornerstones t rategicvaluefund.com and www.cornerstoneto t alreturnfund.com . copies of these reports are also available free of charge upon request by calling 1-866-668-6558.

New york, feb. 12, 2024 (globe newswire) -- cornerstone strategic value 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.

New york, nov. 03, 2023 (globe newswire) -- cornerstone strategic value 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 2024.

New york, aug. 04, 2023 (globe newswire) -- cornerstone strategic value 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:

Cornerstone Strategic Value Fund has a high dividend yield of over 17% but has seen a significant decline in price over the last decade. The fund's distribution history is inconsistent, but it may still be appealing when paired with other high-yielding assets. In addition, the accumulation of shares at NAV offsets this. Despite the poor NAV growth, the total return performance has been high because of the distribution.

Cornerstone Strategic Value Fund is a popular closed-end fund known for its high yield of 17.7%. CLM's performance has been underwhelming over a 10-year period, with an expense ratio that closely matches the underperformance. The high dividend yield is primarily made up of investors' original capital, rather than genuine earnings from the fund's investments.

Cornerstone Strategic Value Fund is an equity closed-end management investment company that aims to provide high dividends from a portfolio of equity names. The fund's 18% dividend yield is not supported by its underlying assets, and the CEF has seen its NAV decline by approximately -6.8% annually in the past decade. The fund is subject to overall equity market moves and is at risk of a significant sell-off, potentially even moving to a discount to net asset value.

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

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Cornerstone Strategic Value Fund is a closed-end fund with a 19% yield, but its NAV has declined significantly since its inception. The fund's strategy cannibalizes capital and relies on the return of capital to maintain its distribution plan. CLM's high distribution rate is not in line with the returns of the S&P 500.

CLM's distribution strategy relies heavily on divestitures of its asset base, making it unsustainable. The recent dividend cut did not significantly improve CLM's prospects, as the forward annualized dividend yield is still overly aggressive. CLM's reliance on capital gains and paid-in capital to cover its dividend creates several areas of concern, making it a speculative investment.

Cornerstone Strategic Value Fund's NAV premium has been eroding, causing the stock to drop significantly. CLM fund's advantage lies in the ability to reinvest dividends at NAV, but the shrinking NAV premium makes this less desirable. Investors should closely monitor the fund's NAV premium and consider alternative options like index funds.

It's been a rough year for CEFs. Between skyrocketing interest rates and liquidity tapering by the Fed, many CEF valuations have plunged to near bear market lows. But have CEF investors completely lost their minds in what they should sell and what they should hold? It seems as though the larger and more liquid the equity CEF fund is, the more it has been sold down since large shareholders have been raising cash anywhere they can.