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Summary Don't believe for one second that any fund that doesn't cut its distribution, particularly with an astronomical 23.5% NAV yield, deserves a high premium. Because despite having the worst NAV performance of any CEF this year, down -44.4%, the Gabelli Multimedia Fund (GGT), did NO...
Summary 12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results. NCZ resumes distributions, NCV holders should switch. Author's note: This article was released to CEF/ETF Income Laboratory members ...
Cornerstone Total Return Fund ( NYSE: CRF ) declared $0.1173/share monthly dividend , -32.4% decrease from prior dividend of $0.1734. Forward yield 17.37% Payable Jan. 31; for shareholders of record Jan. 17; ex-div Jan. 13. Payable Feb. 28; for shareholders...
NEW YORK, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP: 21924U300), (individually the “Fund” or, collectively, the “Funds”), ea...
Summary 16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises. A reminder that the Tortoise tender offers are expiring. Author's note: This article was released to CEF/ETF...
Summary During a week in which Microsoft, Alphabet, Meta Platforms and Amazon dropped an average -12.1% after their earnings, one would think the Nasdaq-100 would be close to its YTD low. But instead, the Nasdaq-100 soared +3.1% on Friday as investors disregarded those disappointi...
Summary 0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares. Author's note: This article was released to CEF/ETF Income Laboratory members on October 18th, 2022. Plea...
Summary I've recently reviewed four high-yield CEFs and given them sell ratings. In this article, I cover another CEF, ETO, which I rate as a hold and would suggest is a better CEF than any of the four I've just covered. Historical data backs this up as ten-year total returns ...
Summary The 2023 distribution could be 30% lower than the current CRF dividend yield. The fund has an established 20-year trend of NAV destruction. Over the last five years, a double-digit dividend yield has really just been a 59% return of capital. Based on three differen...
Summary In this article, I will go over the difference between CLM and CRF as well as their basic characteristics. In my opinion, despite their dividend yields of 24%+, both funds are only suitable for speculation and not for investment. In terms of premiums to NAV and dividen...
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2024-07-10 15:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-30 16:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-20 17:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...