Cornerstone Strategic Value Fund (CLM)

[bar1080]

SA: "The Coronavirus And Closed-End Funds"

"The coronavirus has caused a tremendous selloff in all markets, and CEFs have not been immune. But since many CEFs invest in assets that are very tangentially related to coronavirus risks as they currently appear, this means there are many income opportunities for investors who act fast.

Perhaps most astounding is just how sharply discounts turned. The average CEF discount was 2.8% on the close of trading February 21st, and that average discount fell to 7.5% as of the close of trading February 28th. Since the long-term average discount for CEFs is more around the 4% range, we can say that funds went from overbought to oversold very quickly when looking at the aggregate numbers - although this is exacerbated by some extreme cases."

https://seekingalpha.com/article/4328663-coronavirus-and-closed-end-funds