Cornerstone Strategic Value Fund (CLM)

[bar1080]

What's your plan if there's a repeat of the market collapses of 2001 or 2009? I've seen many such disasters in my decades in the market.

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.