Perennial Investment Advisors LLC Takes Position in Cornerstone Strategic Investment Fund, Inc. $CLM

Perennial Investment Advisors LLC purchased a new position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 484,530 shares of the investment management company’s stock, valued at approximately $3,663,000.

A number of other large investors have also added to or reduced their stakes in the stock. Sculptor Capital LP purchased a new position in Cornerstone Strategic Investment Fund in the second quarter valued at about $25,142,000. Cable Car Capital LP purchased a new stake in Cornerstone Strategic Investment Fund in the second quarter worth $9,632,000. Sanctuary Advisors LLC purchased a new position in shares of Cornerstone Strategic Investment Fund during the 2nd quarter valued at $152,000. Compass Financial Management LLC bought a new position in shares of Cornerstone Strategic Investment Fund during the 2nd quarter worth $52,000. Finally, Capital CS Group LLC purchased a new stake in Cornerstone Strategic Investment Fund in the 2nd quarter worth about $132,000.

Cornerstone Strategic Investment Fund Price Performance

NYSEAMERICAN CLM opened at $6.69 on Thursday. The company’s 50 day moving average is $7.35 and its 200-day moving average is $7.48. Cornerstone Strategic Investment Fund, Inc. has a 12-month low of $6.65 and a 12-month high of $8.53.

Cornerstone Strategic Investment Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.1215 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 21.8%. The ex-dividend date of this dividend is Tuesday, December 15th.

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.