CRF - Cornerstone Total Return Fund: Building A Foundation For Income

2024-03-24 23:39:22 ET

Summary

• The Cornerstone funds, CLM and CRF, are some of the oldest CEFs that trade on the stock market.
• CRF offers a steady, dependable high-yield distribution that is paid monthly and currently trades at a relatively low premium of about 8%.
• CRF focuses on income generation and offers a higher income-compounding approach compared to growth-focused investments like the S&P 500.

The Cornerstone funds, CLM and CRF, are some of the oldest CEFs that trade on the stock market. The original Cornerstone Total Return Fund ( CRF ) began trading on the NYSE in May 1973. Although the fund's stated investment objective is capital appreciation with a secondary goal of current income, many investors (including me) rely on CRF for a steady, dependable high-yield distribution that is paid monthly. The fund's adviser uses a "balanced approach" of value and growth investing seeking out companies that are trading at reasonable prices and offer long-term growth characteristics....

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