Cornerstone Strategic Value Fund: 21% Yield, But Mixed Performance And High Volatility [Seeking Alpha]
Cornerstone Strategic Value Fund, Inc. New (CLM)
NASDAQ:AMEX Investor Relations:
cornerstonestrategicvaluefund.com
Company Research
Source: Seeking Alpha
Cornerstone Strategic Value Fund: 21% Yield, But Mixed Performance And High Volatility Summary CLM pays a monthly distribution of $0.2053, representing a 21% forward yield. The fund has underperformed the S&P 500 on a total return basis over multiple time frames this decade. Volatile dynamics between NAV and market price makes CLM an interesting trading vehicle, but we don't recommend it as a long-term investment. The Cornerstone Strategic Value Fund CLM Monthly Distribution. Source: Distributions designated as return of capital get a favorable tax treatment and are referred to as tax-free dividends or nontaxable distributions. Keep in mind however investors' cost basis is reduced by the same amount for each distribution, so the tax liability is effectively transferred to when the shares are eventually sold. In general terms, if the market price of CLM remains flat over a holding period, capital gains at the time of sale will be based on a lower adjusted cost basis. If the cost basis
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CLM
Sec Filings
- 3/13/24 - Form N-CEN/A
- 3/8/24 - Form N-CEN
- 2/29/24 - Form N-CSR
- CLM's page on the SEC website