The distributions of your ultra high yield stocks are mostly capital gains and return of your own capital (ROC). For example, CLM's investment portfolio only yields about 1% with Apple and Amazon as its top holdings.
In tough times there won't be any capital gains and many of your CEF's that are now trading at premiums to NAV will fall to discounts. Distributions will plummet... perhaps disappear. I've followed and sometimes owned CEFs for about 50 years. The ones I've owned are vastly more conservative than the current breed with all their gimmicks. Especially understand that some of your holdings may go out of business, as many mREITs did years ago.
Have you researched how your holdings and their payouts did in the 2008-2010 period? ASG's payout, for example, fell from 14 cents in 2008 to a nickel a year later. You have a lot of the same kinds of risky stocks.
Recent CLM News
- Form N-CSRS - Certified Shareholder Report, Semi-Annual • Edgar (US Regulatory) • 08/29/2024 09:10:42 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/23/2024 08:14:33 PM
- Cornerstone Funds Announce Continuing Monthly Distributions for 2024 and Distribution Percentage for 2025 • GlobeNewswire Inc. • 08/02/2024 08:30:00 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 05/24/2024 08:43:22 PM
- Cornerstone Funds Announce Continuing Monthly Distributions • GlobeNewswire Inc. • 05/03/2024 08:30:00 PM
- Form N-CEN - Annual Report for Registered Investment Companies • Edgar (US Regulatory) • 03/08/2024 09:04:47 PM
- Cornerstone Funds File Their Annual Reports • GlobeNewswire Inc. • 03/01/2024 02:00:00 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 02/29/2024 09:05:27 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/27/2024 09:05:18 PM
- Cornerstone Funds Announce Continuing Monthly Distributions and Change in March 2024 Payable Date • GlobeNewswire Inc. • 02/12/2024 02:00:00 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 11/16/2023 09:17:08 PM
- Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2024 • GlobeNewswire Inc. • 11/03/2023 08:30:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM