Is Clm a good investment?

Is Clm a good investment?

Investment Thesis Cornerstone Strategic Value Fund (NYSE:CLM) is a high income closed-end fund, CEF, that gives its manager great freedom. Essentially, so long as the fund holds no more than 3% of another equity, the manager can invest as he sees fit. This fund pays out an amazing yield of 20%.

Are closed-end funds good for income?

Closed-end funds are one of two major kinds of mutual funds, alongside open-end funds. Since closed-end funds are less popular, they have to try harder to win your affection. They can make a good investment — potentially even better than open-end funds — if you follow one simple rule: Always buy them at a discount.

Is Clm a stock or ETF?

Cornerstone Strategic Value Fund is registered as a diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies….

Div Yield 15.38
PE Ratio 7.55
EPS 1.87

Is CLM a closed end fund?

CLM is a diversified, closed-end fund that invests in both U.S. and non-U.S. equities with the goal of long-term capital appreciation. The fund pays a consistently high dividend.

What is the difference between CLM and CRF?

In most CEFs the market price is trading at a discount to the net asset value. However, both Cornerstone funds are trading at a premium: CLM is trading at a 11.58% premium, while CRF is trading at a larger premium of 19.26%. This immediately implies that you pay more than what the funds are actually worth.

What is the advantage of a closed-end fund?

Lower Expense Ratios. With a fixed number of shares, closed-end funds do not have ongoing costs associated with distributing, issuing and redeeming shares as do open-end funds. This often leads to closed-end funds having lower expense ratios than other funds with similar investment strategies.

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What makes sik gaek different?

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What is Sik gaek restaurant?

Sik Gaek restaurant is just like life: a working mix of old and new approaches, but in culinary business.” If playback doesn’t begin shortly, try restarting your device.