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Three funds promise headline yields north of 15%. They also quietly return your own money to you, dilute you through rights offerings, and let you buy $1 of assets for more than $1.
NEW YORK, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Cornerstone Strategic Investment Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP: 21924U300), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment company, announced that in keeping with each Fund's previously adopted monthly distribution policy, each Fund is declaring the following distributions:
Cornerstone Total Return Fund and Cornerstone Strategic Investment Fund present unique total return opportunities for income-focused investors, especially via DRIP at NAV. Both CRF and CLM have announced an upcoming rights offering (RO), allowing shareholders to buy new shares at a 4% premium to NAV, likely reducing current premiums. Share dilution from the RO may temporarily depress market prices, but history suggests premiums and prices often recover post-offering as new capital is deployed.
A distribution yield near 19% sounds like a gift. For holders of Cornerstone Strategic Investment Fund (NYSE:CLM), Cornerstone Total Return Fund (NYSE:CRF), and PIMCO Dynamic Income Fund (NYSE:PDI), that headline number can function as a slow refund of your own capital, delivered monthly, with a tax bill attached.
Cornerstone Strategic Investment Fund remains a buy as its premium-to-NAV stays below the 20% threshold, supporting continued accumulation and DRIP benefits. CLM offers a 19.6% annualized yield with monthly distributions, and reinvesting at NAV provides an immediate capital gain equal to the premium-to-NAV. The fund's equity portfolio, heavily weighted toward technology, is positioned to benefit from AI-driven market expansion and strong mega-cap earnings.
BOSTON--(BUSINESS WIRE)--Summize, a leader in AI-powered contract intelligence for mid-market companies, has today announced the acquisition of key personnel and proprietary assets from InnoLaw Group (ILG), a niche contract lifecycle management (CLM) consultancy that helps legal teams deploy and optimize technology at scale. This acquisition strengthens Summize's ability to deliver complex, enterprise-grade CLM implementations for its growing global customer base. As demand for AI-powered contr.
TORONTO, June 10, 2026 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | FRA: Z36 | OTCQB: JORFF) (“CLM” or the “Company”) reports that the nominees listed in the management information circular of the Company dated April 29, 2026, (the “Circular”) for the 2026 annual and special meeting of shareholders of the Company (the “Meeting”) were elected as directors of the Company. A total of 32.326% of all of the issued and outstanding shares of the Company were represented at the Meeting.
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