Cornerstone Strategic Value Fund (CLM) Stock

NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) --  The Board of Directors of Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) (“CLM”) has approved a change to the name of CLM. This change will become effective December 6, 2024.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company”) announces today that it has amended the terms of its previously announced non-brokered private placement financing (the “Initial Offering”). The Initial Offering previously consisted of up to 15,000,000 common shares of the Company issued on a “flow-through basis” at a price of $0.02 per share for gross proceeds of up to $300,000.

Santander Consumer Finance (SCF) plans to expand its presence in the U.K. leasing sector after acquiring full-service fleet management company CLM Fleet Management.

TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce that the Company has received assay results from the spring 2024 diamond drilling program on the 100%-owned East Vallée Project. The objective of the spring drilling program was to confirm the presence and extension onto the East Vallée Project of the defined lithium-bearing pegmatites intersected by the Company during its 2023 drilling program on the adjacent Vallée Joint Venture Property.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company”) announces today that it intends to complete a best efforts non-brokered private placement financing of up to 15,000,000 common shares of the Company (each, a “Flow-Through Share”) issued on a “flow-through basis” (the “Offering”).

CLM and CRF have historically sold at very high premiums, perhaps driven by the allure of high cash yields. Shareholders participating in their dividend-reinvestment plans (DRIP) have been able to buy new shares at a highly discounted price (i.e. NAV), essentially at the expense of non-DRIP shareholders. As more shareholders come to understand how this works, I expect the air will slowly go out of the balloon.

TORONTO, June 17, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company”) reports that the nominees listed in the Management Information Circular dated May 15, 2024, (the “Circular”) for the 2024 Annual and Special Meeting of Shareholders of the Company (the “Meeting”) were elected as directors of the Company. A total of 25.42% of all of the issued and outstanding shares of the Company were represented at the Meeting.

Cornerstone Strategic Value Fund, a well-known closed-end fund, offers a high yield of 17.7%. However, CLM's performance has been disappointing over the past decade, with an expense ratio that closely aligns with the underperformance. The substantial dividend yield is mostly derived from investors' initial investments rather than actual earnings from the fund's holdings.

Cornerstone Strategic Value Fund offers a high dividend yield of more than 17%, although its price has dropped significantly in the past ten years. The fund's distribution record is erratic, but it could still be attractive when combined with other high-yield assets. Furthermore, the acquisition of shares at NAV helps balance this out. Despite the limited growth in NAV, the fund has achieved a strong total return performance due to its distributions.