Cornerstone Strategic Value Fund, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 04, 2021 at 05:21 pm
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Cornerstone Strategic Value Fund, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced net income was USD 103.343 million.
Cornerstone Strategic Value Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment primarily in equity securities of United States (U.S.) and non-U.S. companies. The Fund primarily invests in companies with large capitalizations, however, the Fund may invest in companies of all capitalization ranges. The Fund invests in common stocks and may also invest in preferred stocks, rights, warrants and securities convertible into common stocks that are listed on stock exchanges or traded over the counter. The Fund may, without limitation, hold cash or invest in assets in money market instruments, including U.S. and non-U.S. government securities, high grade commercial paper and certificates of deposit and bankers acceptances issued by U.S. and non-U.S. banks having deposits of at least $500 million. The Fund's investment manager is Cornerstone Advisors, LLC.
CORNERSTONE STRATEGIC VALUE FUND, INC. 