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….

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.

Is Sik gaek worth a visit?

It was surprising that there wasn’t any leftover. Would definitely visit again. Sik Gaek is located in a bit of a lonely stretch by the 7 train. The restaurant is on the small side by Korean restaurant standards, but the service and food was very good.

What makes sik gaek different?

While we stay true to the traditional recipes and the relaxed atmosphere, our restaurant also aspires to constantly add fusion-style. Sik Gaek restaurant is just like life: a working mix of old and new approaches, but in culinary business.”

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.