Replies to post #754 on Cornerstone Strategic Value Fund (CLM)

[The_Free_Nebula]

I figured that but did not act on it. Thank goodness I don't have a tremendous amount of shares. Live and learn.

[bar1080]

Another crappy thing about this fund is current NAV numbers are hard to find. CEFConnect and Cornerstone's own site have old numbers from 4/14/22.
http://www.cornerstonestrategicvaluefund.com/net-asset-value.html

In any case, the huge premium has plummeted lately. As I've often said, "never pay a substantial premium of a Closed End Fund."

CLM's own site warns about that: "Although the Fund’s Common Stock has frequently traded at a premium to its net asset value during the past several years, shares of closed-end funds often trade at a discount from their net asset value."