Cornerstone Strategic Investment Fund, Inc. (CLM) to Issue Monthly Dividend of $0.12 on June 30th

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Friday, February 13th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.1215 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 19.4%. The ex-dividend date is Monday, June 15th.

Cornerstone Strategic Investment Fund Stock Down 0.1%

CLM traded down $0.01 on Friday, reaching $7.51. The company had a trading volume of 4,584,556 shares, compared to its average volume of 1,385,993. Cornerstone Strategic Investment Fund has a fifty-two week low of $6.92 and a fifty-two week high of $8.53. The company’s fifty day moving average is $7.54 and its 200 day moving average is $7.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alpine Global Management LLC grew its stake in Cornerstone Strategic Investment Fund by 5.8% in the 3rd quarter. Alpine Global Management LLC now owns 6,993,780 shares of the investment management company’s stock valued at $57,909,000 after buying an additional 380,985 shares during the last quarter. Boothbay Fund Management LLC grew its stake in Cornerstone Strategic Investment Fund by 4.4% in the 3rd quarter. Boothbay Fund Management LLC now owns 6,408,552 shares of the investment management company’s stock valued at $53,063,000 after buying an additional 272,623 shares during the last quarter. PFG Investments LLC grew its stake in Cornerstone Strategic Investment Fund by 37.5% in the 1st quarter. PFG Investments LLC now owns 4,123,031 shares of the investment management company’s stock valued at $30,016,000 after buying an additional 1,125,223 shares during the last quarter. Sculptor Capital LP grew its stake in Cornerstone Strategic Investment Fund by 5.9% in the 1st quarter. Sculptor Capital LP now owns 3,143,589 shares of the investment management company’s stock valued at $22,885,000 after buying an additional 175,853 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Cornerstone Strategic Investment Fund by 24.1% in the 4th quarter. LPL Financial LLC now owns 1,802,318 shares of the investment management company’s stock valued at $15,067,000 after buying an additional 350,079 shares during the last quarter.

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.