Cornerstone Strategic Value Fund, Inc.
New York Stock Exchange AmericanCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1075 Hendersonville Road Asheville NC United States of America 28803
- IPO Date
- Aug 2, 2002
- CIK
- 0000814083
- Similar Companies
- Business
- Cornerstone Strategic Investment Fund, Inc. (NYSE American: CLM) is a diversified closed-end management investment company that seeks long-term capital appreciation through investments primarily in value and growth equity securities of U.S. and non-U.S. companies across diversified sectors; it also invests without limitation in other closed-end investment companies and exchange-traded funds (ETFs), subject to limits on ownership of any single investment company's voting stock. The Fund, incorporated in Maryland on May 1, 1987, with executive offices in Cincinnati, Ohio, and investment management provided by Cornerstone Advisors, LLC, trades its common stock on the NYSE American and follows a managed distribution policy targeting 21% of net asset value annually, payable monthly and comprising earnings, capital gains, or return of capital. Shares are available for purchase through standard brokerage channels or via dividend reinvestment. In recent developments, the Fund changed its name from Cornerstone Strategic Value Fund, Inc., effective December 6, 2024, while preserving its investment objective, policies, and ticker symbol; it completed a one-for-three rights offering in May 2025 that raised approximately $173 million through subscription requests for up to 39,475,678 new shares plus over-allotment options; and its Board approved continuation of the 21% distribution rate for 2026, with monthly amounts reset based on October 2025 net asset values, alongside ongoing monthly distributions of $0.1224 per share through December 2025.
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