Cornerstone Strategic Investment Fund, Inc. (CLM)
NYSE 
Revisited: You're Still Far Better Off In CLM Than GGT
As many of you know, I like to write what I call "comparative valuation" articles between equity CEFs when certain price levels and performances make it pretty clear which fund will outperform. One year ago, I wrote an article titled "You're Still Going To Be Far Better Off In CLM Than GGT," which in itself, was a roughly one-year "comparative analysis." Because when it came to funds with ultra-high NAV distribution yields, Cornerstone's CLM and Gabelli's GGT were the top dogs among all CEFs.
Santander Acquires CLM Fleet Management to Expand UK Leasing Business
Santander Consumer Finance (SCF) plans to expand its presence in the U.K. leasing sector after acquiring full-service fleet management company CLM Fleet Management.
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.
