- Cornerstone Strategic Value Fund's diversified portfolio has done remarkably well in terms of value appreciation.
- In the market, its shares are quoted at a premium, fetching prices that are significantly above net asset value per share.
- Stockholders have continued to demonstrate confidence in the Fund with share rights offerings oversubscribed.
- The Fund is increasingly relying on capital to fund distributions thus reducing the resources that would otherwise have been available for growing its investments.
- In the periods ahead, CLM’s investment policy restrictions are likely to come increasingly into play impacting the Fund’s investment decisions.
For further details see:
Cornerstone Strategic Value Fund: Why I Maintain My Sell Rating