Cornerstone Strategic Value Fund
About: Cornerstone Strategic Value Fund Inc is a closed-end management investment company. The fund's objective is to seek long-term capital appreciation through investments in equity securities of U.S. and non-U.S. companies. It invests in various sectors, which include financials, information technology, healthcare, consumer discretionary, industrials, utilities, energy, telecommunication services, materials, and other sectors.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
65% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 26
2.57% less ownership
Funds ownership: 13.86% [Q2] → 11.29% (-2.57%) [Q3]
4% less funds holding
Funds holding: 117 [Q2] → 112 (-5) [Q3]
18% less capital invested
Capital invested by funds: $247M [Q2] → $203M (-$43.6M) [Q3]
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
29% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for CLM.
Financial journalist opinion
Based on 3 articles about CLM published over the past 30 days
Positive
Seeking Alpha
6 days ago
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,.
Neutral
Seeking Alpha
2 weeks ago
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.
Neutral
GlobeNewsWire
4 weeks ago
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.
Neutral
GlobeNewsWire
1 month ago
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.
Positive
Invezz
2 months ago
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.
Positive
Seeking Alpha
2 months ago
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.
Neutral
GlobeNewsWire
4 months ago
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:
Negative
Seeking Alpha
5 months ago
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.
Neutral
GlobeNewsWire
7 months ago
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.
Negative
Seeking Alpha
7 months ago
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.
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