How We Are Playing The Cornerstone Rights Offerings
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Author’s note: The initial part of the article was released to CEF/ETF Income Laboratory members on April 13, 2021. A subsequent update has been provided below due to the anticipated downwards movement of the stock price after the ex-rights date.
In a somewhat unexpected turn of events, Cornerstone Strategic Value Fund, Inc. (CLM) and Cornerstone Total Return Fund, Inc. (CRF) have hardly budged in price as they enter into their rights offering period…
