Welcome to our dedicated page for Cornerstone Strategic Value Fund news (Ticker: CLM), a resource for investors and traders seeking the latest updates and insights on Cornerstone Strategic Value Fund stock.
Cornerstone Strategic Value Fund Inc (symbol: CLM) is a closed-end management investment company dedicated to achieving long-term capital appreciation. The fund accomplishes this by investing in an eclectic mix of equity securities from both U.S. and international companies. Its diversified portfolio spans several key sectors, including financials, information technology, healthcare, consumer discretionary, industrials, utilities, energy, telecommunication services, and materials.
CLM seeks to optimize returns by balancing investments across various high-potential industries and companies, thus mitigating risks while maximizing gains. This strategic focus has enabled the fund to maintain a competitive edge in the ever-evolving market landscape. Recent achievements include significant investments in thriving technology firms and a keen focus on sustainable energy projects, reflecting its adaptable approach to market trends.
The fund is managed by experienced professionals who utilize extensive research and market insights to guide investment decisions. Their expertise ensures that CLM remains resilient in volatile markets while continuously seeking opportunities for growth. Partnership strategies and collaborations with other financial entities further enhance the fund's investment potential, providing an added layer of security and growth prospects for investors.
Investors in the Cornerstone Strategic Value Fund can expect a well-rounded, expertly managed portfolio that aims to deliver consistent returns over the long term. The fund's commitment to transparency and regular updates keeps shareholders informed about portfolio performance and strategic adjustments, fostering trust and confidence.
For the latest updates and relevant information about CLM's performance, ongoing projects, and market developments, interested parties are encouraged to follow the latest news and announcements.
Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have announced monthly distributions for 2022, remaining at $0.1808 and $0.1734 per share, respectively. Both funds maintain a distribution policy of 21% of their net asset value, unaffected by investment income or capital gains. Distributions may include return-of-capital, impacting shareholders' original investment cost basis. The funds emphasize regular distributions to enhance liquidity, with the option for reinvestment. Share repurchase programs may be implemented to increase shareholder value, though no guarantees exist regarding their impact.
Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) announced monthly distributions under their established policies. CLM will pay $0.1602 per share and CRF will pay $0.1537 per share for the months of October, November, and December 2021. The Boards confirmed that the distribution rate remains unchanged at 21% of net asset value for 2022. These distributions will consist of earnings, capital gains, or return-of-capital. The monthly distribution amount for 2022 may vary based on the funds' asset values.
Cornerstone Total Return Fund, Inc. (NYSE American: CRF) announced the successful completion of its one-for-three rights offering which expired on May 14, 2021. The offering was over-subscribed, with requests totaling approximately $215 million. Shares were priced at $10.23, lower than the initially estimated $10.73. Newly issued shares will not participate in the May 2021 distribution. Share issuance is anticipated on May 20, 2021. Investors are advised to consult their brokers for account specifics.
The Cornerstone Strategic Value Fund (CLM) announced the successful completion of its one-for-three rights offering, which concluded on May 14, 2021. The offering was over-subscribed, with approximately $420 million in requests for shares at a subscription price of $10.64. This price was lower than the initially estimated $10.88. Newly issued shares will not participate in the Fund's May distribution. The shares are set to be issued on May 20, 2021, and the Fund is registered under the U.S. SEC.
The Cornerstone Total Return Fund (CRF) announced a 1-for-3 rights offering for stockholders, contingent on SEC approval, with a record date of April 16, 2021. Stockholders will receive non-transferable rights to subscribe for 13,751,029 shares. Each right allows the purchase of one share at a price based on either 107% of the NAV or 80% of the market price. The subscription period starts after the record date, ending on May 14, 2021. Shares issued will not qualify for the May distribution. This offering is subject to regulatory approvals.
Cornerstone Strategic Value Fund (NYSE: CLM) has announced a 1-for-3 rights offering subject to SEC approval, with a record date of April 16, 2021. Stockholders will receive non-transferable rights to subscribe for 26,029,753 shares, with the subscription price determined based on the greater of 107% of net asset value or 80% of market price. The subscription period starts after the record date and ends on May 14, 2021. Shareholders exercising rights will not receive the May 2021 distribution for newly purchased shares. The offering is subject to customary regulatory approvals.
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.
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.
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