Cornerstone Strategic Value Fund Inc

Cornerstone Strategic Value Fund, Inc. is a closed-end investment company, which enagages in the objective of seeking long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies. The company was founded in May 1987 and is headquartered in Cincinnati, OH.

Cornerstone Strategic Value Fund is a management investment company that is an investment operation. They limit the fund's investment in securities issued by other investment companies.

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.

Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2025

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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.

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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.

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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:

Cornerstone Funds Announce Continuing Monthly Distributions for 2024 and Distribution Percentage for 2025

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.

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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

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.

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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.

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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

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.

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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

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Cornerstone Strategic Value Fund is a closed-end fund with a 19% yield, but its NAV has declined significantly since its inception. The fund's strategy cannibalizes capital and relies on the return of capital to maintain its distribution plan. CLM's high distribution rate is not in line with the returns of the S&P 500.

CLM: MDP Inconsistent With NAV Preservation, Avoid

CLM's distribution strategy relies heavily on divestitures of its asset base, making it unsustainable. The recent dividend cut did not significantly improve CLM's prospects, as the forward annualized dividend yield is still overly aggressive. CLM's reliance on capital gains and paid-in capital to cover its dividend creates several areas of concern, making it a speculative investment.

CLM: One Cut Down, Several To Go

NEW YORK, Nov. 03, 2023 (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 2024.

Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2024

Cornerstone Strategic Value Fund's NAV premium has been eroding, causing the stock to drop significantly. CLM fund's advantage lies in the ability to reinvest dividends at NAV, but the shrinking NAV premium makes this less desirable. Investors should closely monitor the fund's NAV premium and consider alternative options like index funds.

CLM: The NAV Premium Shrinks Considerably

It's been a rough year for CEFs. Between skyrocketing interest rates and liquidity tapering by the Fed, many CEF valuations have plunged to near bear market lows. But have CEF investors completely lost their minds in what they should sell and what they should hold? It seems as though the larger and more liquid the equity CEF fund is, the more it has been sold down since large shareholders have been raising cash anywhere they can.

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Cornerstone Strategic Value Fund is a closed-end fund that aims for long-term capital appreciation through equity securities. CLM's top holdings closely resemble those of the S&P 500, but it underperforms the market and has a higher expense ratio. CLM's poor performance can be attributed to its distribution policy, which relies on selling assets to fund dividends and leads to NAV erosion.

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I have been researching cash flow investing for retirement and am designing a high-yield low-variance portfolio. Cornerstone Strategic Value Fund is frequently recommended to me because of its tax and DRIP advantages. Their total returns are lagging both the SPY and the QQQ on multiple timeframes.

News for Cornerstone Strategic Value Fund Inc ETF (CLM)