Cornerstone Strategic Value Fund (CLM)

[lesgetrich]

I agree this has been the practice in the past, but they seem to have gotten their act together lately. Check out the Latest Distributions table on their Morningstar page...

Morningstar CFP

Their last three dividends have come entirely from income. I started buying CFP in September 2010 and bought on most of their secondary offerings. My investment in the principle is up almost 11% in that time plus I've received dividends of around 17% each year. I'd call that pretty good. I'm planning on cashing in on their new offering as well. Even if my principle had no appreciation I'd still have to lose more than 17% to realize a true loss.