Cornerstone Strategic Investment Fund, Inc. (CLM)
Market Closed
20 Jul, 20:00
NYSE 
$
7. 46
+0.01
+0.1342%
After Hours
$
+0.03 +0.4021% 7. 49
2.11B Market Cap
- Div Yield
978,432 Volume
$ 7.45
Previous Close 
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CLM & CRF: High Yields, High Premiums, Bargain Prices (For Some)
CLM and CRF have historically sold at very high premiums, perhaps driven by the allure of high cash yields. Shareholders participating in their dividend-reinvestment plans (DRIP) have been able to buy new shares at a highly discounted price (i.e. NAV), essentially at the expense of non-DRIP shareholders. As more shareholders come to understand how this works, I expect the air will slowly go out of the balloon.
Seekingalpha | 2 years ago
