Boothbay Fund Management LLC Sells 5,123,212 Shares of Cornerstone Strategic Investment Fund, Inc. $CLM

Boothbay Fund Management LLC trimmed its stake in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 79.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,285,340 shares of the investment management company’s stock after selling 5,123,212 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.51% of Cornerstone Strategic Investment Fund worth $10,745,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management bought a new position in Cornerstone Strategic Investment Fund in the fourth quarter valued at approximately $30,000. Arax Advisory Partners grew its stake in Cornerstone Strategic Investment Fund by 94.0% in the fourth quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 1,808 shares in the last quarter. Assetmark Inc. grew its stake in Cornerstone Strategic Investment Fund by 303.9% in the fourth quarter. Assetmark Inc. now owns 7,960 shares of the investment management company’s stock valued at $67,000 after purchasing an additional 5,989 shares in the last quarter. Larson Financial Group LLC grew its stake in Cornerstone Strategic Investment Fund by 14.4% in the third quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock valued at $96,000 after purchasing an additional 1,456 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Cornerstone Strategic Investment Fund in the third quarter valued at approximately $100,000.

Cornerstone Strategic Investment Fund Price Performance

Shares of CLM opened at $7.42 on Thursday. The firm has a 50-day moving average of $7.55 and a 200-day moving average of $7.81. Cornerstone Strategic Investment Fund, Inc. has a one year low of $6.92 and a one year 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. Stockholders of record on Tuesday, September 15th will be issued a $0.1215 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 19.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.