Cornerstone Strategic Value Fund, Inc. [CLM] Stock Forecast

17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

It was back in November of 2012, yes, over a decade ago, that I wrote my first article discussing the benefits of high Return of Capital (ROC) in equity CEF distributions. Back then, I first wrote (link below) about the risks and tax-differences between high ROC in equity based CEFs vs tax-free distributions in municipal bond CEFs.

CLM has a yield of 18.92% (based on the declared distributions for the next 12 months). This is attractive if the distribution can be supported. I continue my series digging into CEFs beyond the yield with a look at CLM.

Closed-end funds are great income investments thanks to tax laws and tradition. Being required to pay out most of their taxable gains explains a lot about how CEFs act.

2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results.

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 NOT cut its distribution even though it was supposed to.

If you buy the right ultra-yield blue chip you can retire rich. If you buy an ultra-yield trap you might not retire at all. Ultra-yield CEFs and royalty trusts are two dangerous kinds of investments that unsuspecting income investors and retirees often buy, and later deeply regret.

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

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.

Cornerstone Strategic Value Fund is a closed-end diversified management company with an apparent 25% dividend yield. Distributions are announced through the end of the year as well as guidance about how 2023 distributions will be set based on NAV at the end of October 2022.

Cornerstone Strategic Value Fund, Inc. is a US stock , located in Asheville of Nc and trading under the symbol CLM

Cornerstone Strategic Value Fund, Inc. stock price is $7.56 today.

Yes, Cornerstone Strategic Value Fund, Inc. is a publicly traded company.