NEW YORK, NY--(Marketwired - Oct 18, 2013) - Cornerstone Strategic Value Fund, Inc. (
Shares will be issued within the 15-day period immediately following the record date of the Fund's monthly distribution to stockholders. Stockholders exercising their rights to purchase shares pursuant to the offering will not be entitled to receive such distribution with respect to the shares issued pursuant to such exercise.
The offering is subject to an effective registration statement covering the rights and shares to be issued and to other customary regulatory filings and approvals. Any rights offering conducted by the Fund will be made only by means of a prospectus.
Cornerstone Strategic Value Fund, Inc. is a closed-end, diversified management investment company and is registered with the Securities & Exchange Commission under the Investment Company Act of 1940, as amended.
Cornerstone Strategic Value Fund, Inc. is traded on the NYSE MKT LLC under the trading symbol "CLM". Cornerstone Advisors, Inc., the Fund's Advisor, also serves as investment adviser to two other closed-end funds, Cornerstone Progressive Return Fund (
Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price that is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund's investment objective, risks, charges and expenses. Please read the Fund's disclosure documents before investing.
In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on the Fund's investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in the Fund's disclosure documents, filed with the SEC, and actual trends, developments and regulations, in the future and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.