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, April 08, 2022 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) (the “Fund”) announced today, contingent upon final approval from the U.S. Securities and Exchange Commission, that it has fixed the close of business on April 18, 2022 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 40,511,576 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) 65% 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.

Cornerstone Strategic Value Fund, Inc. Announces Rights Offering

Cornerstone Strategic Value Fund's diversified portfolio has done remarkably well in terms of value appreciation.

Cornerstone Strategic Value Fund: Why I Maintain My Sell Rating

CLM has a yield of 15.5%. This is very attractive if the distribution can be supported.

Evaluating CEFs: CLM Does Another Rights Offering

Cornerstone Strategic Value Fund is a high dividend-yield fund with an estimated yield of over 15% for the coming year. The fund is financing its distribution through unsustainable Return on Capital, rather than through dividend and interest income, etc.

Cornerstone Strategic Value Fund: Overpayments Depleting The NAV

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15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.

Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Mergers Completed (November 14, 2021)

Clearly, Cornerstone and the Cornerstone funds have tapped into a bonanza that has less to do with exceptional portfolio management and more to do with investor weakness for income. Cornerstone has figured out that investors cannot say no to funds that offer 21% yields, no matter how improbable their funds could actually cover those yields.

Equity CEFs (CLM And CRF): Heck, Just Put Cornerstone In Charge Of All CEFs

NEW YORK, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (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 2022.

Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2022

Has a yield of 14.6%. This is attractive if the distribution can be supported.

Evaluating CEFs: CLM Had A Good Year, But Is Still Overpaying Its Distribution

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Funds at the largest discounts don't necessarily make great investments, with several of the deepest discounted funds worth avoiding.

Discounts And Premiums Not All Created Equal

The fund will rarely "cover" the yearly reset distribution of 21% of NAV, and will have destructive Return of Capital. That being said, total returns have been substantial, and opportunities to buy closer to NAV through DRIP or Rights Offerings have been very profitable.

CLM Is Not As Scary As You Think It Is

NEW YORK, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (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 2021 And Distribution Percentage for 2022

When picking CEFs, we always need to look past those big yields.

These 2 Little-Known Moves Can Send Shares Soaring

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We recently touched on rights offerings and tender offers, and today we'll discuss at-the-market offerings.

At-The-Market Offerings Are A Win-Win

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There are several dates a closed-end fund investor should watch for when a CEF they own start a rights offering. Rights offerings are typically disruptive to the price and a dip in price is typical.

Here Are The Dates You Need To Know For A Rights Offering

The Cornerstone CEF rights offerings concluded and were a massive success (for managers). Shareholders experience a small boost to NAV/share, but significant declines in share price over the rights offering period.

CLM And CRF: Rights Offerings Post-Mortem And What To Do Going Forward

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The proverbial shot-across-the-bow came last week as the markets finally reacted to inflation fears as reflected in the sizzling CPI (Consumer Price Index) and PPI (Producer Price Index) numbers.

Equity CEF Performances: Updated Through May 14, 2021

NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (the “Fund”) (NYSE American: CLM) is pleased to announce the completion of its one-for-three rights offering which expired on Friday, May 14, 2021 (the “Offering”). The Offering was over-subscribed. Under the terms of the Offering, record date stockholders were entitled to purchase one newly issued share of common stock of the Fund for every three rights held. The subscription price for each newly issued share was determined to be $10.64 which, under the terms of the prospectus, was equal to the greater of (i) 107% of net asset value per share as calculated at the close of trading on the date of expiration of the Offering and (ii) 80% of the market price per share at such time.

Cornerstone Strategic Value Fund, Inc. Announces Completion of Rights Offering

Though CLM's forward dividend yield is attractive at 16.26%, its NAV and dividend payouts are diminishing year over year, which is a red alert for income investors. The fund is mostly focused on investing in growth stocks, and President Biden's new wealth tax proposals can trigger a flight from growth to value stocks.

Cornerstone Strategic Value Fund: The Math Just Doesn't Add Up

With a current yield of 15.7%, CLM seems quite attractive. I continue my series looking at CEFs by taking a second look at CLM.

Evaluating CEFs: CLM Rights Offering Will Delay Next Distribution Cut

CLM, a fund sponsored by Cornerstone, takes a unique approach to CEF strategy. The fund overpays its earnings with an unsustainable distribution, and regularly expands the size of the fund by rights offerings.

CLM: What To Do About The Rights Offering

For those who think that CEF market prices can defy gravity like stocks such as GameStop in which value is in the eye of the beholder, I've got news for you.

Equity CEFs: The NAV Doesn't Lie And Why You Should Be Selling The Cornerstone Funds

CLM has a very high yield of 20%. That is attractive, but is it sustainable? A look beyond just the yield of a CEF.

How To Evaluate A CEF: A Look At CLM

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CEFs offer higher dividends or distributions due to different strategies and using sources other than income for funding the distribution. Today is a brief crash course for newer CEF investors into why this is possible for CEFs.

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News for Cornerstone Strategic Value Fund Inc ETF (CLM)