Yakira Capital Management Inc. Has $4.07 Million Position in Cornerstone Strategic Investment Fund, Inc. $CLM

Yakira Capital Management Inc. reduced its holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 52.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 487,207 shares of the investment management company’s stock after selling 534,446 shares during the period. Cornerstone Strategic Investment Fund makes up about 1.4% of Yakira Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position. Yakira Capital Management Inc. owned approximately 0.19% of Cornerstone Strategic Investment Fund worth $4,073,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CLM. Stratos Wealth Partners LTD. raised its holdings in Cornerstone Strategic Investment Fund by 23.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 626,085 shares of the investment management company’s stock worth $5,234,000 after purchasing an additional 117,607 shares during the period. Alpine Global Management LLC raised its holdings in Cornerstone Strategic Investment Fund by 5.8% in the third quarter. Alpine Global Management LLC now owns 6,993,780 shares of the investment management company’s stock worth $57,909,000 after purchasing an additional 380,985 shares during the period. Boothbay Fund Management LLC raised its holdings in Cornerstone Strategic Investment Fund by 4.4% in the third quarter. Boothbay Fund Management LLC now owns 6,408,552 shares of the investment management company’s stock worth $53,063,000 after purchasing an additional 272,623 shares during the period. PFG Investments LLC raised its holdings in Cornerstone Strategic Investment Fund by 7,582.9% in the fourth quarter. PFG Investments LLC now owns 2,997,808 shares of the investment management company’s stock worth $25,062,000 after purchasing an additional 2,958,789 shares during the period. Finally, Savvy Advisors Inc. acquired a new stake in Cornerstone Strategic Investment Fund in the fourth quarter worth $909,000.

Cornerstone Strategic Investment Fund Stock Performance

CLM opened at $7.51 on Monday. The firm’s fifty day moving average is $7.54 and its two-hundred day moving average is $7.83. Cornerstone Strategic Investment Fund, Inc. has a twelve month low of $6.92 and a twelve month high of $8.53.

Cornerstone Strategic Investment Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.1215 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 19.4%.

About Cornerstone Strategic Investment Fund

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.