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GlobeNewswire·

Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2027

CLMCRF
  • Cornerstone Strategic Investment Fund (CLM) & Cornerstone Total Return Fund (CRF) declared monthly distributions for January, February, & March 2027 reset at $0.1053 & $0.1022 per share respectively.
  • Record dates for the first quarter 2027 are January 15, February 16, & March 15 with payable dates occurring 14 days later.
  • The 2027 annualized distribution percentage remains unchanged at 21% of net asset value based on the October 2026 valuation.
  • Distributions are not tied to investment income or capital gains & do not represent yield or investment return.
  • A portion of 2026 distributions is expected to consist of return-of-capital due to current economic conditions & portfolio composition.
  • Stockholders can choose to receive distributions in cash or reinvest them via the dividend reinvestment plan.
  • Return-of-capital distributions are generally tax-free & reduce the cost basis of stockholder shares.
  • Tax reporting information for 2026 distributions will be available by mid-February 2027.
  • The Adviser may invest in other entities like ETFs, though this adds indirect fees & risks to the Funds.
  • If cash distributions exceed net earnings, Fund assets may decline & the expense ratio could increase.
  • The Boards have approved share repurchase programs to potentially enhance stockholder value when shares trade at discounts.
  • CLM & CRF trade on the NYSE American under symbols CLM & CRF respectively.
  • Past performance is not a guarantee of future results, & shares may trade at prices different from net asset value.
  • The release contains forward-looking statements subject to risks & uncertainties that may cause actual results to differ materially from projections.
Company
Cornerstone Strategic Investment Fund, Inc.
Keywords
NYSE:CLM, Cornerstone Strategic Investment Fund, Inc.