MARKET

CLM

CLM

Cornerstone Strategic Value
AMEX
7.42
+0.01
+0.14%
After Hours: 7.42 0 0.00% 19:45 12/08 EST
OPEN
7.39
PREV CLOSE
7.41
HIGH
7.45
LOW
7.36
VOLUME
878.83K
TURNOVER
0
52 WEEK HIGH
8.84
52 WEEK LOW
6.08
TOTAL ASSET
1.50B
YTD YIELD
17.10%
1D
5D
1M
3M
1Y
5Y
CLM: MDP Inconsistent With NAV Preservation, Avoid
Cornerstone strategic value fund has a 19% yield but its nav has declined significantly since inception. The fund's strategy cannibalizes capital and relies on the return of capital to maintain its distribution plan. Nav has fallen to us$7 from us$170 since inception and the fund has a high distribution rate of 20%.
Seeking Alpha · 4d ago
CLM: One Cut Down, Several To Go
Cornerstone strategic value fund's recent dividend cut did not significantly improve prospects. The fund's forward annualized dividend yield is still overly aggressive, making it a speculative investment. Clm's distribution strategy relies heavily on divestitures of its asset base, making the fund unsustainable.
Seeking Alpha · 4d ago
Weekly Report: what happened at CLM last week (1127-1201)?
Weekly Report · 6d ago
Weekly Report: what happened at CLM last week (1120-1124)?
Weekly Report · 11/27 11:14
Weekly Report: what happened at CLM last week (1113-1117)?
Weekly Report · 11/20 11:12
Weekly Report: what happened at CLM last week (1106-1110)?
Weekly Report · 11/13 11:05
Weekly Report: what happened at CLM last week (1030-1103)?
Weekly Report · 11/06 11:09
Cornerstone Strategic Value Fund cut dividend by -11.6% to $0.1086/share
Seeking Alpha · 11/03 20:53
More
Profile
Fund Name
Cornerstone Strategic Value
Inception Date
1987-06-23
Benchmark
S&P 500 TR USD
Advisor Company
Cornerstone Advisors LLC
Custodian
US Bank NA
Manager
Joshua Bradshaw, Daniel Bradshaw, Ralph Bradshaw