Cornerstone Total Return 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:

The Cornerstone funds, CLM and CRF, are some of the oldest CEFs that trade on the stock market. CRF offers a steady, dependable high-yield distribution that is paid monthly and currently trades at a relatively low premium of about 8%. CRF focuses on income generation and offers a higher income-compounding approach compared to growth-focused investments like the S&P 500.

I am an income-oriented investor focused on high-yield closed-end funds and ETFs to compound returns in retirement. Income investing requires picking investments that provide a steady distribution, rather than trying to time the market.

Cornerstone Total Return Fund is a diversified, closed-end management investment company that offers value, growth, and income. CRF yields 17.5% and pays monthly. The fund has a focus on the tech sector, with overweight exposure in consumer cyclical and underweight exposure in financials.

Cornerstone funds have been smashed to near their NAVs. Z-scores look appealing, and you are always a stone's throw away from someone who has allegedly made a lot of money in this fund. We tell you why this is a party for time travelers.

Cornerstone Total Return Fund has delivered total returns of 24% compared to the S&P's 15% in 2023. The U.S. economy showed resilience in the face of concerns over rising interest rates and inflation but shows signs of weakness ahead. CRF's long-term performance has consistently lagged behind the S&P 500, with higher volatility and an alarmingly high expense ratio.

Prior to August 31, 2023, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD, WBA, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured August TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: MMM, KHC, BRSP, T, O, PFE, BTI, VOD, WBA, & MITT boasting a 46.54% average target price upside estimate.

The Cornerstone Total Return Fund has been underperforming the broad market, and its high dividends are not only entirely made from investment income but also include capital gains. There is a significant overlap between CRF and S&P 500, raising questions about potential closet indexing. In light of this, CRF investors may want to consider switching to the lower-cost SPY.

Equity CEFs: The Irony Of The Cornerstone Funds CLM And CRF

Cornerstone Total Return Fund has been a contentious fund to discuss. The fund has a huge following for its generous payouts.

Don't believe for one second that any fund that doesn't cut its distribution, particularly with an astronomical 23.5% NAV yield, deserves a high premium. Because despite having the worst NAV performance of any CEF this year, down -44.4%, the Gabelli Multimedia Fund (GGT), did NOT cut its distribution even though it was supposed to.