DividendMay 8, 2026, 04:31 PM
Cornerstone Funds Declare Monthly Distributions for Q3 2026
AI Summary
Cornerstone Strategic Investment Fund (CLM) and Cornerstone Total Return Fund (CRF) announced their monthly distributions for July, August, and September 2026. CLM will distribute $0.1215 per share, while CRF will distribute $0.1176 per share. These distributions are in line with each Fund's previously adopted monthly distribution policy, which resets annually based on net asset value and an approved annualized distribution percentage. The Funds noted that a portion of these distributions for the current calendar year is expected to be a return of capital.
Key Highlights
- CLM declared monthly distributions of $0.1215 per share for July, August, and September 2026.
- CRF declared monthly distributions of $0.1176 per share for July, August, and September 2026.
- The record date for July distributions is July 15, 2026, payable July 31, 2026.
- The record date for August distributions is August 14, 2026, payable August 31, 2026.
- The record date for September distributions is September 15, 2026, payable September 30, 2026.
- Distributions are reset annually based on net asset value on the last business day of October.
- A portion of current year distributions is expected to consist of return-of-capital.
Price Impact