Cornerstone Strategic Value Fund, Inc. Announces Name Change
Cornerstone Strategic Value Fund (NYSE: CLM) announced its name will change to Cornerstone Strategic Investment Fund, effective December 6, 2024. The Board of Directors approved this change, while maintaining the fund's existing investment objective, policies, and restrictions. The fund's ticker symbol (CLM) and CUSIP number (21924B302) will remain unchanged. CLM continues to operate as a closed-end, diversified management company registered under the Investment Company Act of 1940, with Cornerstone Advisors, serving as its investment manager.
Cornerstone Strategic Value Fund (NYSE: CLM) ha annunciato che il suo nome cambierà in Cornerstone Strategic Investment Fund, a partire dal 6 dicembre 2024. Il Consiglio di Amministrazione ha approvato questo cambiamento, mantenendo gli obiettivi, le politiche e le restrizioni di investimento esistenti del fondo. Il simbolo del ticker del fondo (CLM) e il numero CUSIP (21924B302) rimarranno invariati. CLM continua a operare come una società di gestione chiusa e diversificata registrata ai sensi dell'Investment Company Act del 1940, con Cornerstone Advisors che funge da gestore degli investimenti.
Cornerstone Strategic Value Fund (NYSE: CLM) anunció que su nombre cambiará a Cornerstone Strategic Investment Fund, a partir del 6 de diciembre de 2024. La Junta de Directores aprobó este cambio, manteniendo los objetivos de inversión, políticas y restricciones existentes del fondo. El símbolo de cotización del fondo (CLM) y el número CUSIP (21924B302) permanecerán sin cambios. CLM sigue operando como una compañía de gestión cerrada y diversificada registrada bajo la Ley de Compañías de Inversión de 1940, con Cornerstone Advisors actuando como su gestor de inversiones.
코너스톤 전략 가치 펀드 (NYSE: CLM)는 2024년 12월 6일부터 이름이 코너스톤 전략 투자 펀드로 변경된다고 발표했습니다. 이사회는 이 변경을 승인했으며, 펀드의 기존 투자 목표, 정책 및 제한 사항은 유지됩니다. 펀드의 티커 기호 (CLM)와 CUSIP 번호 (21924B302)는 변경되지 않습니다. CLM은 1940년 투자회사법에 따라 등록된 폐쇄형, 다각화 관리 회사로 운영되며, 코너스톤 어드바이저스가 투자 매니저로 활동하고 있습니다.
Cornerstone Strategic Value Fund (NYSE: CLM) a annoncé que son nom changera pour Cornerstone Strategic Investment Fund, à compter du 6 décembre 2024. Le Conseil d'administration a approuvé ce changement tout en maintenant les objectifs d'investissement, les politiques et les restrictions existantes du fonds. Le symbole du fonds (CLM) et le numéro CUSIP (21924B302) resteront inchangés. CLM continue d'opérer en tant que société de gestion fermée et diversifiée enregistrée en vertu de la loi sur les sociétés d'investissement de 1940, avec Cornerstone Advisors servant de gestionnaire d'investissement.
Cornerstone Strategic Value Fund (NYSE: CLM) hat bekannt gegeben, dass der Name in Cornerstone Strategic Investment Fund geändert wird, mit Wirkung zum 6. Dezember 2024. Der Vorstand hat diese Änderung genehmigt und gleichzeitig die bestehenden Anlageziele, -richtlinien und -beschränkungen des Fonds beibehalten. Das Tickersymbol des Fonds (CLM) und die CUSIP-Nummer (21924B302) bleiben unverändert. CLM wird weiterhin als geschlossene, diversifizierte Managementgesellschaft betrieben, die nach dem Investment Company Act von 1940 registriert ist, wobei Cornerstone Advisors als Anlageverwalter fungiert.
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NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) (“CLM”) has approved a change to the name of CLM. This change will become effective December 6, 2024.
CLM’s name will change from “Cornerstone Strategic Value Fund, Inc.” to “Cornerstone Strategic Investment Fund, Inc.” There will be no changes to CLM’s investment objective, investment policies or restrictions in connection with this name change. In addition, CLM’s ticker symbol and CUSIP number will not change.
CLM is a closed-end, diversified management company organized as a Maryland corporation and is registered with the U.S. Securities and Exchange Commission under the Investment Company Act of 1940, as amended.
Cornerstone Advisors, LLC serves as the investment manager to CLM.
Past performance is no guarantee of future performance. An investment in CLM is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. A stockholder should carefully consider CLM’s investment objective, risks, charges and expenses. Please read CLM’s disclosure documents before investing.
In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on CLM’s investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in CLM’s disclosure documents, filed with the U.S. Securities and Exchange Commission, and actual trends, developments and regulations in the future, and their impact on CLM could be materially different from those projected, anticipated or implied. CLM has no obligation to update or revise forward-looking statements.
FAQ
When will Cornerstone Strategic Value Fund (CLM) change its name?
Will CLM's ticker symbol change after the name change in December 2024?
Does the 2024 name change affect CLM's investment objectives or policies?
