STOCK TITAN

Cornerstone Strategic Investment Fund - CLM STOCK NEWS

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.

The Cornerstone Strategic Investment Fund (CLM), managed by Cornerstone Advisors, LLC, is a closed-end investment fund designed to provide investors with access to a diversified portfolio of securities. As a closed-end fund, CLM operates with a fixed number of shares, which are traded on the stock exchange, offering investors liquidity and ease of access. The fund's primary objective is to deliver a combination of income generation and capital appreciation, making it an attractive option for investors seeking steady returns or diversification within their portfolios.

Business Model and Revenue Generation

CLM generates revenue primarily through management fees based on its assets under management (AUM). These fees compensate the investment manager, Cornerstone Advisors, LLC, for actively managing the fund's portfolio. Additionally, the fund may distribute income to shareholders in the form of dividends, derived from interest, dividends, or capital gains earned on its underlying investments. This dual focus on income and growth caters to a broad investor base, including both retail and institutional clients.

Investment Strategy and Portfolio Composition

The fund employs an active management strategy, leveraging the expertise of Cornerstone Advisors, LLC, to select securities that align with its investment objectives. This strategy may include a mix of equities, fixed-income instruments, and other asset classes, depending on market conditions and the fund's goals. By actively managing its portfolio, CLM aims to capitalize on market opportunities and mitigate risks, providing investors with a balanced approach to wealth creation.

Industry Context and Competitive Landscape

CLM operates within the broader asset management and closed-end fund industry, a sector characterized by its focus on delivering tailored investment solutions to meet the diverse needs of investors. Closed-end funds like CLM differ from mutual funds and ETFs in their fixed capital structure, which can result in shares trading at a premium or discount to the fund's net asset value (NAV). This unique feature adds an additional layer of complexity and opportunity for investors.

In a competitive landscape, CLM distinguishes itself through its active management approach and the expertise of Cornerstone Advisors, LLC. While other closed-end funds and asset managers may offer similar products, the fund's specific investment strategy and management team's track record play a crucial role in attracting and retaining investors.

Challenges and Market Dynamics

Like other investment funds, CLM faces challenges such as market volatility, regulatory compliance, and competition from alternative investment vehicles like ETFs and mutual funds. Maintaining a consistent track record of performance and effectively communicating its value proposition to investors are critical for the fund's long-term success.

Conclusion

The Cornerstone Strategic Investment Fund (CLM) represents a compelling investment option for those seeking diversified exposure to a professionally managed portfolio. Its active management strategy, combined with the expertise of Cornerstone Advisors, LLC, positions it as a notable player in the closed-end fund space. By balancing income generation and capital appreciation, CLM continues to meet the evolving needs of its investor base while navigating the complexities of the financial markets.

Rhea-AI Summary

Cornerstone Total Return Fund (NYSE American: CRF) announced a 1-for-3 rights offering for its stockholders, effective April 18, 2022. Stockholders will receive non-transferable rights to subscribe for up to 21,352,201 shares of common stock. Each holder will get one right per share owned. The subscription price will be determined based on either 112% of net asset value or 65% of the market price at expiration, whichever is greater. The subscription period ends on May 20, 2022, with shares issued within 15 days after the record date.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.12%
Tags
none
-
Rhea-AI Summary

Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have filed their annual reports on Form N-CSR with the SEC, detailing audited financial statements for the fiscal year ended December 31, 2021. These reports are accessible on their respective websites and available for free upon request. Both funds are closed-end diversified management companies registered under the Investment Company Act of 1940. Investors are reminded that past performance does not guarantee future results and that closed-end funds may trade at discounts to net asset value, carrying inherent market risks.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.08%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.08%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
none

FAQ

What is the current stock price of Cornerstone Strategic Investment Fund (CLM)?

The current stock price of Cornerstone Strategic Investment Fund (CLM) is $7.44 as of April 1, 2025.

What is the market cap of Cornerstone Strategic Investment Fund (CLM)?

The market cap of Cornerstone Strategic Investment Fund (CLM) is approximately 1.9B.

What is the primary objective of Cornerstone Strategic Investment Fund (CLM)?

CLM aims to provide a combination of income generation and capital appreciation through a diversified portfolio of securities.

How does CLM generate revenue?

The fund generates revenue through management fees based on its assets under management (AUM) and may distribute income from dividends, interest, or capital gains.

What differentiates CLM from other investment funds?

CLM's fixed capital structure as a closed-end fund and its active management strategy by Cornerstone Advisors, LLC, set it apart from mutual funds and ETFs.

What types of investors are attracted to CLM?

CLM appeals to both retail and institutional investors seeking steady returns, diversification, and professional portfolio management.

What challenges does CLM face in the market?

CLM faces challenges such as market volatility, regulatory compliance, and competition from other investment vehicles like ETFs and mutual funds.

How does the fixed capital structure of a closed-end fund impact CLM?

The fixed capital structure means CLM shares trade on the stock exchange, often at a premium or discount to the fund's net asset value (NAV).

What role does Cornerstone Advisors, LLC, play in managing CLM?

Cornerstone Advisors, LLC, serves as the investment manager, actively managing CLM's portfolio to align with its income and growth objectives.

What is the significance of active management for CLM?

Active management allows CLM to adapt to market conditions, capitalize on opportunities, and mitigate risks, enhancing its value proposition for investors.

How does CLM distribute income to shareholders?

CLM distributes income through dividends, which may come from interest, dividends, or capital gains earned on its investments.

What is the competitive landscape for closed-end funds like CLM?

Closed-end funds compete with other asset managers, mutual funds, and ETFs, with differentiation often based on investment strategy, management expertise, and performance.
Cornerstone Strategic Investment Fund

NYSE:CLM

CLM Rankings

CLM Stock Data

1.86B
249.76M
0.01%
14.42%
6.34%
Asset Management
Financial Services
Link
United States
Asheville