| Cornerstone Strategic Investment Fund: A Solid Investment With Some Minor Flaws |
I am initiating coverage of Cornerstone Strategic Investment Fund with a buy rating for its consistent, high income and solid long-term returns. CLM closely tracks the S&P 500, offering diversified exposure to large-cap stocks, and boasts a forward yield near 20%. Unique features include dividend reinvestment at NAV and tax advantages, though the aggressive payout policy risks NAV erosion in weak markets. |
seekingalpha.com |
2025-05-16 03:58:55 |
Czytaj oryginał (ang.) |
| 7 Closed-End Fund Buys (And 4 Sells) In The Month Of April 2025 |
April's market volatility, driven by tariffs and led by tech sector declines, created opportunities to deploy cash. However, it was an opportunity to reposition my portfolio as well, with 2 swap trades to de-risk my portfolio. There were 2 corporate actions in the last month that also saw two more positions removed from my CEF portfolio, but overall, I was a net buyer for the month. |
seekingalpha.com |
2025-05-14 16:36:57 |
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| Cornerstone Funds Announce Continuing Monthly Distributions |
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Cornerstone Strategic Investment 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. |
globenewswire.com |
2025-05-09 20:57:00 |
Czytaj oryginał (ang.) |
| Docusign CLM Connector for Coupa Certified as Coupa Total Spend Management Platform Ready |
The Docusign CLM Connector for Coupa is now available in the Coupa App Marketplace, enhancing Coupa's platform with faster and more automated procurement contracting SAN FRANCISCO , May 8, 2025 /PRNewswire/ -- Docusign (NASDAQ: DOCU), a leading provider of intelligent agreement management solutions, today announced that its Docusign CLM Connector for Coupa is now available in the Coupa App Marketplace , following previous availability in the Docusign App Center . Certified by Coupa , this integration provides businesses with pre-built solutions for their contracting needs by integrating Docusign CLM with the Coupa Total Spend Management platform. |
prnewswire.com |
2025-05-08 15:00:00 |
Czytaj oryginał (ang.) |
| Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025) |
10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering. |
seekingalpha.com |
2025-04-23 16:47:53 |
Czytaj oryginał (ang.) |
| Cornerstone CEF Rights Offerings Are Back |
Cornerstone Strategic Investment Fund and Cornerstone Total Return Fund announce 1-for-3 rights offerings, allowing shareholders to subscribe for new shares at a premium to NAV. The rights offerings are accretive to NAV per share, benefiting existing shareholders, but market prices typically drop during the offering period due to increased selling pressure. Investors can either sell shares before the ex-rights date to avoid price drops, or participate in the offering if the premium to NAV is above 12%. |
seekingalpha.com |
2025-04-23 10:01:20 |
Czytaj oryginał (ang.) |
| CLM: Runoff Dividends, Not For Reinvestment |
Cornerstone Strategic Investment Fund offers a high 21% dividend yield, potentially appealing to investors seeking returns amid bear markets. CLM's historical performance lags behind the S&P 500, with negative total returns over the past decade, questioning its effectiveness. CLM's unique distribution policy results in high yields not tied to investment income, making it better suited for dividend runoff rather than reinvestment. |
seekingalpha.com |
2025-04-11 13:12:01 |
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| Cornerstone Strategic Investment Fund, Inc. Announces Rights Offering |
NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Cornerstone Strategic Investment Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) (the “Fund”) announced today that, contingent upon final approval from the U.S. Securities and Exchange Commission (“SEC”), it has set the close of business on April 21, 2025 as the record date (the “Record Date”) for determination of stockholders entitled to participate in the Fund's 1-for-3 rights offering. The Fund is issuing to its stockholders non-transferable rights entitling the holders to subscribe for an aggregate of 84,252,329 shares of common stock. Each stockholder will receive one non-transferable right for each share of the Fund held as of the Record Date. Fractional shares will not be issued upon the exercise of the rights. Accordingly, the number of rights to be issued to a stockholder on the Record Date will be rounded up to the nearest whole number of rights evenly divisible by three. For every three rights a stockholder receives, he or she will be entitled (but not required) to purchase one new share of the Fund at a subscription price equal to the greater of (i) 112% of net asset value per share as calculated at the close of trading on the expiration date of the offering or (ii) 80% of the market price per share at such time. Fractional shares will not be issued. In addition to the shares offered in the primary subscription, the Fund may offer a 100% over-allotment to oversubscribing stockholders. Stockholders who fully subscribe in the primary offering will have the option to oversubscribe for additional shares, to the extent available. |
globenewswire.com |
2025-04-10 20:30:00 |
Czytaj oryginał (ang.) |
| Cornerstone Total Return Fund, Inc. Announces Rights Offering |
NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP: 21924U300) (the “Fund”) announced today that, contingent upon final approval from the U.S. Securities and Exchange Commission (“SEC”), it has set the close of business on April 21, 2025 as the record date (the “Record Date”) for determination of stockholders entitled to participate in the Fund's 1-for-3 rights offering. The Fund is issuing to its stockholders non-transferable rights entitling the holders to subscribe for an aggregate of 39,475,678 shares of common stock. Each stockholder will receive one non-transferable right for each share of the Fund held as of the Record Date. Fractional shares will not be issued upon the exercise of the rights. Accordingly, the number of rights to be issued to a stockholder on the Record Date will be rounded up to the nearest whole number of rights evenly divisible by three. For every three rights a stockholder receives, he or she will be entitled (but not required) to purchase one new share of the Fund at a subscription price equal to the greater of (i) 112% of net asset value per share as calculated at the close of trading on the expiration date of the offering or (ii) 80% of the market price per share at such time. Fractional shares will not be issued. In addition to the shares offered in the primary subscription, the Fund may offer a 100% over-allotment to oversubscribing stockholders. Stockholders who fully subscribe in the primary offering will have the option to oversubscribe for additional shares, to the extent available. |
globenewswire.com |
2025-04-10 20:15:00 |
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| Cornerstone Funds File Their Annual Reports |
NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Cornerstone Strategic Investment 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, 2024. The annual reports are available online at www.cornerstonestrategicinvestmentfund.com and www.cornerstonetotalreturnfund.com. Copies of these reports are also available free of charge upon request by calling 1-866-668-6558. |
globenewswire.com |
2025-03-04 18:45:00 |
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| Cornerstone Funds Announce Continuing Monthly Distributions |
NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Cornerstone Strategic Investment 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. |
globenewswire.com |
2025-02-07 18:30:00 |
Czytaj oryginał (ang.) |
| CLM: This 15% Yielder Is Not On Sale, But It's Still A Buy |
CLM offers a high 15% yield and has outperformed the S&P 500 recently, but its long-term performance shows significant underperformance since inception in 1989. The fund's portfolio is heavily equity-focused, featuring major US tech companies, and includes a mix of closed-end funds, common stocks, and ETFs. CLM's premium has surged to around 25%, posing a risk for investors who may overpay; careful consideration of time horizon and risk tolerance is advised. |
seekingalpha.com |
2025-01-23 10:05:39 |
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| PIMCO Cuts A Couple Of Distributions, Who Could Be Next? |
RCS and PCM recently announced distribution cuts, and they were simultaneously trading at some hefty premiums to their NAV per share. We saw the usual outcome, which is a drastic sell-off as is often the case with the dangerous combination of elevated NAV distribution rates and premiums are mixed. We are looking at two more names to warn about in the future, but predicting distribution cuts is incredibly difficult as funds can pay out what they'd like. |
seekingalpha.com |
2025-01-06 20:20:01 |
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| A Guide To Responsibly Use Margin Debt To Amplify Dividend Income |
Margin debt can be a strategic tool for wealth building, similar to traditional debt, if used responsibly and with proper safety buffers. Suggested rules include having a solid financial foundation, avoiding consumer debt, maintaining stable income, and limiting margin to 10% of portfolio value. Avoid speculative bets with margin; instead, focus on income-producing assets that can outpace the cost of debt, such as high-yield dividend funds. |
seekingalpha.com |
2025-01-06 08:59:22 |
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| CLM: The Premium Works In Your Favor (Upgrade) |
Cornerstone Strategic Value Fund (CLM) offers a high dividend yield of over 15% by holding traditional equities, unlike other high-yielding funds relying on option strategies. CLM's dividend reinvestment at NAV provides an instant capital gain, making it attractive despite a high premium to NAV. The fund's heavy reliance on net realized gains and technology sector exposure poses risks, particularly in down markets,. |
seekingalpha.com |
2024-12-15 11:45:22 |
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| Year-End Review Of High-Yield Closed-End Funds |
As a retired income investor, I focus on high-yield closed-end funds, or CEFs, for consistent monthly distributions and reinvestment discounts to grow my retirement portfolio. Significant 2024 events include distribution cuts, fund liquidations, rights offerings, and new fund launches, impacting various CEFs I own or follow. Notable CEFs like ACP, ASGI, AOD/AGD, and BlackRock funds have seen distribution increases, reorganizations, and efforts to close discounts due to activist pressure. |
seekingalpha.com |
2024-12-06 15:06:12 |
Czytaj oryginał (ang.) |
| Cornerstone Strategic Value Fund, Inc. Announces Name Change |
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. |
globenewswire.com |
2024-11-22 18:15:00 |
Czytaj oryginał (ang.) |
| Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2025 |
NEW YORK, Nov. 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”), 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 2025. |
globenewswire.com |
2024-11-01 18:30:00 |
Czytaj oryginał (ang.) |
| CLM Provides Update on $300,000 Private Placement Flow-Through Financing |
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company”) announces today that it has amended the terms of its previously announced non-brokered private placement financing (the “Initial Offering”). The Initial Offering previously consisted of up to 15,000,000 common shares of the Company issued on a “flow-through basis” at a price of $0.02 per share for gross proceeds of up to $300,000. |
globenewswire.com |
2024-10-23 21:30:00 |
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| Love the SCHD ETF? CLM and CRF are better yielding alternatives |
The Schwab US Dividend Equity ETF (SCHD) is one of Wall Street's most popular dividend funds, thanks to its high dividend yield, payout growth, and strong performance since its inception. SCHD is a popular dividend fund This year alone, the fund has attracted over $4. |
invezz.com |
2024-10-19 09:36:20 |
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| Revisited: You're Still Far Better Off In CLM Than GGT |
As many of you know, I like to write what I call "comparative valuation" articles between equity CEFs when certain price levels and performances make it pretty clear which fund will outperform. One year ago, I wrote an article titled "You're Still Going To Be Far Better Off In CLM Than GGT," which in itself, was a roughly one-year "comparative analysis." Because when it came to funds with ultra-high NAV distribution yields, Cornerstone's CLM and Gabelli's GGT were the top dogs among all CEFs. |
seekingalpha.com |
2024-10-17 14:42:05 |
Czytaj oryginał (ang.) |
| Santander Acquires CLM Fleet Management to Expand UK Leasing Business |
Santander Consumer Finance (SCF) plans to expand its presence in the U.K. leasing sector after acquiring full-service fleet management company CLM Fleet Management. |
pymnts.com |
2024-10-14 18:38:41 |
Czytaj oryginał (ang.) |
| CLM Intersects 1.18% Li2O over 4.00 m at Vallée East Project |
TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce that the Company has received assay results from the spring 2024 diamond drilling program on the 100%-owned East Vallée Project. The objective of the spring drilling program was to confirm the presence and extension onto the East Vallée Project of the defined lithium-bearing pegmatites intersected by the Company during its 2023 drilling program on the adjacent Vallée Joint Venture Property. |
globenewswire.com |
2024-10-02 11:30:00 |
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| CLM Announces $300,000 Private Placement Flow-Through Financing |
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company”) announces today that it intends to complete a best efforts non-brokered private placement financing of up to 15,000,000 common shares of the Company (each, a “Flow-Through Share”) issued on a “flow-through basis” (the “Offering”). |
globenewswire.com |
2024-09-23 11:30:00 |
Czytaj oryginał (ang.) |
| Cornerstone Funds Announce Continuing Monthly Distributions for 2024 and Distribution Percentage for 2025 |
NEW YORK, Aug. 02, 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: |
globenewswire.com |
2024-08-02 20:30:00 |
Czytaj oryginał (ang.) |
| CLM & CRF: High Yields, High Premiums, Bargain Prices (For Some) |
CLM and CRF have historically sold at very high premiums, perhaps driven by the allure of high cash yields. Shareholders participating in their dividend-reinvestment plans (DRIP) have been able to buy new shares at a highly discounted price (i.e. NAV), essentially at the expense of non-DRIP shareholders. As more shareholders come to understand how this works, I expect the air will slowly go out of the balloon. |
seekingalpha.com |
2024-07-01 21:15:08 |
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| CLM Announces 2024 AGM Results |
TORONTO, June 17, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company”) reports that the nominees listed in the Management Information Circular dated May 15, 2024, (the “Circular”) for the 2024 Annual and Special Meeting of Shareholders of the Company (the “Meeting”) were elected as directors of the Company. A total of 25.42% of all of the issued and outstanding shares of the Company were represented at the Meeting. |
globenewswire.com |
2024-06-17 21:30:00 |
Czytaj oryginał (ang.) |
| Cornerstone Funds Announce Continuing Monthly Distributions |
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. |
globenewswire.com |
2024-05-03 20:30:00 |
Czytaj oryginał (ang.) |
| CLM: It's Not A 'Buy And Forget' High-Income Fund |
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. |
seekingalpha.com |
2024-05-03 16:23:12 |
Czytaj oryginał (ang.) |
| CLM: Why You Should Not Pay The 2% Expense Ratio |
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. |
seekingalpha.com |
2024-05-03 07:16:04 |
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| Cornerstone Funds File Their Annual Reports |
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. |
globenewswire.com |
2024-03-01 11:00:00 |
Czytaj oryginał (ang.) |
| CLM: Equity CEF With A 18% Yield |
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. |
seekingalpha.com |
2024-02-17 09:38:44 |
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| 5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps) |
5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps) |
seekingalpha.com |
2024-02-16 02:47:58 |
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| Cornerstone Funds Announce Continuing Monthly Distributions and Change in March 2024 Payable Date |
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. |
globenewswire.com |
2024-02-12 11:00:00 |
Czytaj oryginał (ang.) |