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Cornerstone Strategic Value Fund is registered as a diversified, closed-end management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies. As of Dec 31 2016, the Fund's investment portfolio totaled $381,905,472 and its assets totaled $385,406,767. According to our CLM split history records, Cornerstone Strategic Value Fund Inc New Common has had 2 splits.
CLM split history picture
Cornerstone Strategic Value Fund Inc New Common (CLM) has 2 splits in our CLM split history database. The first split for CLM took place on December 23, 2008. This was a 1 for 4 reverse split, meaning for each 4 shares of CLM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. CLM's second split took place on December 29, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of CLM owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 62.5 share position following the split.

When a company such as Cornerstone Strategic Value Fund Inc New Common conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the CLM split history from start to finish, an original position size of 1000 shares would have turned into 62.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cornerstone Strategic Value Fund Inc New Common shares, starting with a $10,000 purchase of CLM, presented on a split-history-adjusted basis factoring in the complete CLM split history. CLM split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/21/2014
End date: 05/17/2024
Start price/share: $24.28
End price/share: $7.53
Starting shares: 411.86
Ending shares: 2,991.27
Dividends reinvested/share: $26.95
Total return: 125.24%
Average Annual Total Return: 8.46%
Starting investment: $10,000.00
Ending investment: $22,521.61
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/21/2014
End date: 05/17/2024
Start price/share: $24.28
End price/share: $7.53
Dividends collected/share: $26.95
Total return: 41.99%
Average Annual Total Return: 3.57%
Starting investment: $10,000.00
Ending investment: $14,200.32
Years: 10.00
Date Ratio
12/23/20081 for 4
12/29/20141 for 4
CLM is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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