Cornerstone Strategic Value Fund
CLM

$7.74

0.26%

Market Cap: 1.82B

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

92% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 24

3% less capital invested

Capital invested by funds: $258M [Q4 2023] → $249M (-$8.77M) [Q1 2024]

5% less funds holding

Funds holding: 110 [Q4 2023] → 104 (-6) [Q1 2024]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 6 (-1) [Q1 2024]

15.67% less ownership

Funds ownership: 29.81% [Q4 2023] → 14.13% (-15.67%) [Q1 2024]

30% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 20

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Research analyst outlook

We haven’t received any recent analyst ratings for CLM.

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Financial journalist opinion

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.

CLM & CRF: High Yields, High Premiums, Bargain Prices (For Some)

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.

Cornerstone Funds Announce Continuing Monthly Distributions

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.

CLM: It's Not A 'Buy And Forget' High-Income Fund

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.

CLM: Why You Should Not Pay The 2% Expense Ratio

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.

Cornerstone Funds File Their Annual Reports

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.

CLM: Equity CEF With A 18% Yield

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)

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

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.

Cornerstone Funds Announce Continuing Monthly Distributions and Change in March 2024 Payable Date

Four Unloved Income Funds With Ultra High Yield (15%+) Distributions

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.

Four Unloved Income Funds With Ultra High Yield (15%+) Distributions

These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway

abrdn, a UK-based fund manager, has been aggressively acquiring and merging closed-end funds aka CEFs from other managers to expand its offerings. CEFs have advantages over traditional dividend-paying stocks and offer a wide range of asset types and classes.

These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway

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