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The Cornerstone CEF rights offerings concluded and were a massive success (for managers). Shareholders experience a small boost to NAV/share, but significant declines in share price over the rights offering period. Our recommendation to avoid the funds during the rights offering p...
1 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. MLPs lead while convertibles lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 16, 2021
The proverbial shot-across-the-bow came last week as the markets finally reacted to inflation fears as reflected in the sizzling CPI (Consumer Price Index) and PPI (Producer Price Index) numbers. The closure of the Colonial Pipeline due to a cyber attack didn't help either as gasoline...
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- Cornerstone Total Return Fund, Inc. (the “Fund”) (NYSE American: CRF) is pleased to announce the completion of its one-for-three rights offering which expired on Friday, May 14, 2021 (the “Offering”). The Offering was ov...
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (the “Fund”) (NYSE American: CLM) is pleased to announce the completion of its one-for-three rights offering which expired on Friday, May 14, 2021 (the “Offering”). The Offering was...
Nineteen out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. MLPs lead while munis lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 2, 2021
22 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week. Commodities lead while senior loans lag. A small distribution boost from NMZ, a Taxable Income portfolio holding. For further details see: Weekly Closed-End Fund Roundup: April...
Though CLM’s forward dividend yield is attractive at 16.26%, its NAV and dividend payouts are diminishing year over year, which is a red alert for income investors. The fund is mostly focused on investing in growth stocks, and President Biden’s new wealth tax proposals c...
Our suggestion to avoid the Cornerstone funds due to their impending rights offering was successful. There may be a chance to re-enter the funds on the long side if the premium drops sufficiently enough. Suggestions for those who held through the ex-rights date and suffered losses...
With a current yield of 15.7%, CLM seems quite attractive. I continue my series looking at CEFs by taking a second look at CLM. While the distribution cut for this year slowed the NAV erosion, and the rights offering will give NAV a nice boost, the long-term trend remains unchange...
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ALPHARETTA, Ga., July 22, 2024 (GLOBE NEWSWIRE) -- Clearside Biomedical, Inc. (Nasdaq: CLSD), a biopharmaceutical company revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space (SCS ® ), has opened registration for its virtual key opinion l...
ALPHARETTA, Ga., July 11, 2024 (GLOBE NEWSWIRE) -- Clearside Biomedical, Inc. (Nasdaq: CLSD), a biopharmaceutical company revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space (SCS ® ), announced today the appointment of Glenn C. Yiu, M.D....
- Webinar to be held on Wednesday, July 24, 2024 at 8:00 am ET - - Retina Specialists to Provide Insights and Real-World Experience with Suprachoroidal Drug Delivery - - Target Profile for CLS-AX in Wet AMD Landscape and Potential Opportunities for Clearside Pipeline Expansion - ...