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Cornerstone Strategic Value Fund Inc. (NYSE American:CLM) traded today at a new 52-week high of $13.85. This new high was reached on approximately average trading volume as 732,000 shares traded hands, while the average 30-day volume is approximately 996,000 shares. Cornerstone Strategic...
Has a yield of 14.6%. This is attractive if the distribution can be supported. I continue my series digging into CEFs beyond the yield with a look at CLM. While the last year has seen NAV growth, the distribution remains poorly covered. Don't let the increase for next year fool yo...
July 27-August 30, 2021 readers mentioned 40 equities in their comments. Some lamented bad-news, some bad-news investments (rogues) mixed with (mostly) favorites. (Hence, these are the ReFa/Ro.). Ten analyst-target-estimated TOP-NET-GAIN reader faves & rogues, LTC, MTB, LMT, T, XO...
Funds at the largest discounts don't necessarily make great investments, with several of the deepest discounted funds worth avoiding. Similarly, funds at large premiums don't necessarily make terrible investments either. One should consider other factors before buying or selling a...
The fund will rarely "cover" the yearly reset distribution of 21% of NAV, and will have destructive Return of Capital. That being said, total returns have been substantial, and opportunities to buy closer to NAV through DRIP or Rights Offerings have been very profitable. There are...
NEW YORK, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment ...
When I get a question on a CEF or am looking at a new CEF, these are the first 5 things I will check. The five places I want to look first are; 1. Investment Policy, 2. Quick Review of Holdings, 3. Discount/Premium, 4. Performance, 5. Distributions. Once these items are checked, I...
We recently touched on rights offerings and tender offers, and today we'll discuss at-the-market offerings. These can be beneficial for fund sponsors/managers and investors at the same time. They help increase NAV because they are done only at premiums, therefore are accretive to ...
There are several dates a closed-end fund investor should watch for when a CEF they own start a rights offering. Rights offerings are typically disruptive to the price and a dip in price is typical. We usually suggest to sell out of the fund when it is made clear they are going to...
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...
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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 - ...