-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MgFdRXKX0EkCOIixAfHg7vkj/C1Mc1Ito0GJDQA3FHNuAAY65HDNc3NIioLECbfN 2Pw9+s4NYbJZqj8H+iaVGg== 0000909012-04-000419.txt : 20040601 0000909012-04-000419.hdr.sgml : 20040601 20040601131208 ACCESSION NUMBER: 0000909012-04-000419 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040601 EFFECTIVENESS DATE: 20040601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE STRATEGIC VALUE FUND INC/ NEW CENTRAL INDEX KEY: 0000814083 IRS NUMBER: 133407699 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05150 FILM NUMBER: 04840554 BUSINESS ADDRESS: STREET 1: BEAR STEARNS FUNDS MANAGEMENT INC. STREET 2: 383 MADISON AVENUE - 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 2122722093 MAIL ADDRESS: STREET 1: BEAR STEARNS FUNDS MANAGEMENT INC. STREET 2: 383 MADISON AVENUE - 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10179 FORMER COMPANY: FORMER CONFORMED NAME: CLEMENTE STRATEGIC VALUE FUND INC DATE OF NAME CHANGE: 19990622 FORMER COMPANY: FORMER CONFORMED NAME: CLEMENTE GLOBAL GROWTH FUND INC DATE OF NAME CHANGE: 19920703 DEFA14A 1 t301081.txt CORNERSTONE STRATEGIC VALUE FUND, INC. 383 Madison Avenue, 23rd Floor New York, New York 10179 (800) 870-0658 Dear Fellow Stockholder: YOU ARE ONE OF THE LARGER STOCKHOLDERS OF CLM, AND WE DO NOT YET HAVE YOUR VOTE ON RECORD. WE NEED YOUR VOTE TODAY! A RECENT TALLY OF SHARES VOTED SHOWS ALMOST 95% IN FAVOR OF THE TWO MERGER PROPOSALS! YOUR FUND'S MEETING IS ON JUNE 10, 2004. PLEASE VOTE BY PHONE TODAY. CALL THE TOLL-FREE NUMBER ON THE ENCLOSED BALLOT, OR VOTE ON-LINE AT WWW.PROXYVOTE.COM. The benefits to CLM stockholders of these two mergers have been discussed in the proxy materials and previous mailings, including: >> SIGNIFICANTLY LARGER ASSET BASE >> GREATER ECONOMIES OF SCALE FOR OPERATIONS AND EXPENSES >> IMPROVED OPERATING EXPENSE RATIO >> ENHANCED MARKET LIQUIDITY >> POTENTIAL IMPROVED TAX BENEFITS >> BROADER PORTFOLIO DIVERSIFICATION >> LOWER EXPENSES FROM BETTER MANAGEMENT FEE WAIVER |X| CLM STOCKHOLDER VALUE IS NOT DILUTED |X| REGULAR DISTRIBUTIONS CONTINUE |X| INVESTMENT OBJECTIVES REMAIN UNCHANGED WE NEED OVER 50% OF OUTSTANDING SHARES IN ORDER TO PASS THE MERGERS, SO YOUR VOTE IS PARTICULARLY IMPORTANT TO AVOID ADDITIONAL COSTS TO YOUR FUND FROM RESCHEDULING THE STOCKHOLDER'S MEETING. YOUR BOARD OF DIRECTORS BELIEVES THAT THESE MERGERS ARE IN THE BEST INTERESTS OF CLM STOCKHOLDERS AND RECOMMENDS THAT YOU VOTE "FOR" ALL PROPOSALS. Respectfully, Ralph W. Bradshaw, President -----END PRIVACY-ENHANCED MESSAGE-----