Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) Declares $0.12 Monthly Dividend

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, August 17th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.1215 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 21.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Cornerstone Strategic Investment Fund Trading Down 5.6%

Shares of CLM stock opened at $6.94 on Tuesday. Cornerstone Strategic Investment Fund has a fifty-two week low of $6.88 and a fifty-two week high of $8.53. The stock has a 50 day moving average price of $7.45 and a two-hundred day moving average price of $7.55.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Cornerstone Strategic Investment Fund by 14.4% during the 3rd quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock valued at $96,000 after buying an additional 1,456 shares during the last quarter. Arax Advisory Partners grew its holdings in Cornerstone Strategic Investment Fund by 94.0% in the 4th quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock worth $31,000 after acquiring an additional 1,808 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in Cornerstone Strategic Investment Fund by 10.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 26,756 shares of the investment management company’s stock worth $222,000 after acquiring an additional 2,459 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Cornerstone Strategic Investment Fund by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 201,751 shares of the investment management company’s stock valued at $1,687,000 after acquiring an additional 2,684 shares during the period. Finally, Pasadena Private Wealth LLC increased its position in shares of Cornerstone Strategic Investment Fund by 15.7% in the first quarter. Pasadena Private Wealth LLC now owns 23,661 shares of the investment management company’s stock valued at $172,000 after acquiring an additional 3,204 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.