CLM: Time To Take A Fresh Look At The Cornerstone Funds (Rating Downgrade)

2025-10-14 15:13:43 ET

The last time that I wrote about Cornerstone Strategic Investment Fund, Inc. ( CLM ) and sibling fund Cornerstone Total Return Fund ( CRF ) was in September 2024, when I suggested that income investors might want to consider buying shares of these high-yield funds. This was what I wrote in the summary of that review:

As the fund managers explain in the Semi-Annual report, there are two key considerations for investors in CLM (and CRF) that make the CEF a good choice for income-oriented investors. The first consideration is that the fund uses a Managed Distribution policy based on 21% of NAV and is set each January and remains unchanged for the next 12 months. The second key consideration is the Distribution Reinvestment policy.

Read the full article on Seeking Alpha

For further details see: