Why a Major Investor Dumped $32 Million of This 7.2% Yielding Closed-End Fund
2026-05-09 11:59:50 ET
On May 8, 2026, Cornerstone Advisors reported selling its entire stake in the Calamos Strategic Total Return Fund (NASDAQ:CSQ) , a move involving 1,712,871 shares and an estimated $32.11 million transaction value based on quarterly average pricing.
According to a May 8, 2026, SEC filing , Cornerstone Advisors fully exited its position in the Calamos Strategic Total Return Fund (NASDAQ:CSQ) during the first quarter. The firm sold 1,712,871 shares, with the estimated transaction value calculated at $32.11 million based on the period's average closing price. The quarter-end position value decreased by $32.89 million, reflecting both the sale and stock price changes.
The Calamos Strategic Total Return Fund is a closed-end fund managed by Calamos Advisors LLC, focusing on a multi-asset strategy that blends equities and fixed income. The fund leverages a combination of bottom-up and top-down security selection to pursue risk-adjusted returns across market cycles. Its diversified approach and active management aim to provide stable income and capital appreciation for investors seeking balanced exposure.
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