In this article, I will analyze a closed-end fund ((CEF)) that does not have much recent coverage on Seeking Alpha: Cornerstone Strategic Value Fund, Inc. (CLM). This is a fund that I once held myself because of its generous dividend and the favorable tax treatment of its dividends. After highlighting the merits and any potential negative aspects of this investment, I will then provide my own recommendation on whether or not this CEF is suitable for a long-term, low-cost, passive investment portfolio.
Background
The first place that I always begin when analyzing an investment is