Cornerstone Strategic Investment Fund, Inc. (CLM) To Go Ex-Dividend on February 17th

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.1215 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 18.1%. The ex-dividend date is Tuesday, February 17th.

Cornerstone Strategic Investment Fund Stock Up 0.4%

NYSEAMERICAN CLM opened at $8.04 on Friday. Cornerstone Strategic Investment Fund has a 1-year low of $6.16 and a 1-year high of $8.99. The firm’s fifty day simple moving average is $8.29 and its 200-day simple moving average is $8.23.

Institutional Investors Weigh In On Cornerstone Strategic Investment Fund

Large investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in Cornerstone Strategic Investment Fund by 29.3% in the 2nd quarter. Osaic Holdings Inc. now owns 3,493,550 shares of the investment management company’s stock worth $28,367,000 after purchasing an additional 791,583 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in shares of Cornerstone Strategic Investment Fund by 1,109.3% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,074,966 shares of the investment management company’s stock valued at $8,729,000 after purchasing an additional 986,074 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Cornerstone Strategic Investment Fund in the second quarter worth $407,000. Boothbay Fund Management LLC lifted its stake in shares of Cornerstone Strategic Investment Fund by 4.0% in the second quarter. Boothbay Fund Management LLC now owns 6,135,929 shares of the investment management company’s stock worth $49,824,000 after buying an additional 235,382 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Cornerstone Strategic Investment Fund by 49.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 548,477 shares of the investment management company’s stock worth $4,454,000 after buying an additional 182,143 shares during the period.

About Cornerstone Strategic Investment Fund

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.