Cornerstone Strategic Return Fund (CRF) Stock Price, Quote & News

Company Profile

Cornerstone Total Return Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations. The fund also invests through other closed-end investment companies and ETFs. It benchmarks the performance of its portfolio against...

Industry: Asset Management

Sector: Financial Services

Phone: 828 210 8184

Website: www.cornerstonetotalreturnfund.com

Address:

1075 Hendersonville Road, Suite 250, Asheville, United States

Keith1950 Aug. 7 at 10:52 PM

$CLM and $CRF With the big increase in NAV this week, the premiums dropped to 15.8% for CLM and 13.9% for CRF. Cornerstone has depended on periodic Rights Offerings (RO) for a very long time to raise new capital when the premiums get to 25%+. The Cornerstone portfolios closely follow the S&P 500 so if the S&P increases so does NAV, which is decreased by the monthly distributions, so the S&P has to increase 21% annually to offset the distributions and keep NAV at the same level. The CLM share price needs to be $8.15 to reach a 25% premium and CRF needs to hit $7.90 at the current NAV. I think Cornerstone may have to change some of the terms in future ROs to make them work. We'll see.

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Western_David Aug. 7 at 9:08 PM

Well twits, here we are on another end of an interesting week filled with a few bumps and intrigue guessing when big bro is going to DRIP us. Enough of the eulogies here are the NAVs for the week, the chief $CLM came in at 6.52 +.22 and for the sidekick $CRF 6.32 +.22. Enjoy everyone, stay safe!

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Keith1950 Aug. 6 at 6:18 PM

$CLM and $CRF and $PDI Now comes the inevitable price dip from selling drip shares just received.

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Keith1950 Aug. 6 at 5:28 PM

$CLM and $CRF and $PDI Wow! All 3 of these just landed at Fidelity! 😎

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PennyWeasel Aug. 6 at 5:27 PM

$CLM $CRF DRIPs just landed at Fidelity!

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Keith1950 Aug. 6 at 5:11 PM

$CLM and $CRF What, drips hit Schwab but not Fidelity? What's this world coming to?

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Hoosierdaddy812 Aug. 6 at 5:03 PM

$CRF shares finally dropped in Schwab

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Keith1950 Aug. 6 at 3:19 AM

$GOF and $PDI There seems to be some confusion about the Company's discounted drip program on the Yahoo Finance Community comment boards. Basically, the prospectus states that participants will receive reinvestment shares at 95% of the closing market price on the distribution pay date, but not below NAV. However, I'm not sure what happens if the closing price is below NAV, but I think the drip shares would be paid at market. In the meantime, still waiting on $CLM and $CRF and PDI drip shares at Fidelity. 🤔

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Hoosierdaddy812 Aug. 5 at 4:24 PM

$CLM still nothing from Schwab yet $CRF

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Keith1950 Aug. 4 at 6:46 PM

$GOF Discounted drip shares just landed at Fidelity at $10.43/share. Now just waiting on $CLM and $CRF and $PDI. Next month I will take cash for GOF and maybe PDI as well.

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Market Cap	867.72M
Revenue (ttm)	175.61M
Net Income (ttm)	174.58M
EPS (ttm)	N/A
PE Ratio	N/A
Forward PE	N/A
Profit Margin	N/A
Debt to Equity Ratio	N/A

Volume	83,463
Avg Vol	704,234
Day's Range	N/A - N/A
Shares Out	102.93M
Stochastic %K	38%
Beta	1.13
Analysts	Strong Buy
Price Target	N/A