-----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, VAjKWSnBg6P6LVG/x4FKWam6x5vxYPoLDz6NfF90Tcps9ip8QmhaUujRwOHdEBY2 s6lfX3RfcYUesv0AkLjXFQ== 0001111830-10-001042.txt : 20101105 0001111830-10-001042.hdr.sgml : 20101105 20101105160932 ACCESSION NUMBER: 0001111830-10-001042 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101105 DATE AS OF CHANGE: 20101105 EFFECTIVENESS DATE: 20101105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE STRATEGIC VALUE FUND INC CENTRAL INDEX KEY: 0000814083 IRS NUMBER: 133407699 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-168927 FILM NUMBER: 101168917 BUSINESS ADDRESS: STREET 1: ULTIMUS FUND SOLUTIONS, LLC STREET 2: 350 JERICHO TURNPIKE, SUITE 206 CITY: JERICHO STATE: NY ZIP: 11753 BUSINESS PHONE: (646) 881-4985 MAIL ADDRESS: STREET 1: ULTIMUS FUND SOLUTIONS, LLC STREET 2: 350 JERICHO TURNPIKE, SUITE 206 CITY: JERICHO STATE: NY ZIP: 11753 FORMER COMPANY: FORMER CONFORMED NAME: CORNERSTONE STRATEGIC VALUE FUND INC/ NEW DATE OF NAME CHANGE: 20010503 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 497 1 clm_497.htm CORNERSTONE STRATEGIC VALUE FUND, INC. - 497 clm_497.htm
 
 
 
FOR IMMEDIATE RELEASE
 
 
Contact: (513) 326-3597
 
 
 
Cornerstone Strategic Value Fund, Inc. Announces the Commencement of Its Rights Offering
 
JERICHO, NEW YORK, November 5, 2010 — Cornerstone Strategic Value Fund, Inc. (the “Fund”) (NYSE Amex: CLM) announced today that the subscription period for its rights offering to holders of the Fund’s common stock will commence on Monday, November 8, 2010.
 
The Fund is issuing to its stockholders non-transferable rights entitling the holders to subscribe for an aggregate of approximately 2,352,095 shares of the Fund’s common stock. Each stockholder is to be issued one right for each whole share of the Fund’s common stock owned on the record date, November 1, 2010.
 
The rights entitle stockholders to acquire one share for each three rights held. The subscription period will commence on Monday, November 8, 2010, and will expire at 5:00 p.m., New York time, on December 10, 2010, unless extended (the “Expiration Date”).  The actual subscription price per share, as determined on the Expiration Date, will be the greater of (i) 102% of NAV per Share as calculated at the close of trading on the date of expiration of the Offering and (ii) 90% of the market price per Share at such time.
 
Cornerstone Strategic Value Fund, Inc. is a diversified, closed-end management company organized as a Maryland corporation and is registered with the SEC under the Investment Company Act of 1940, as amended. The Fund is listed on the NYSE Amex under the ticker symbol “CLM”.
 
For further information regarding the Fund’s rights offering, or to obtain a Prospectus, please contact The Altman Group, the Fund’s Information Agent, toll free at (800) 581-4001.
 
 
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This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.
 
Please consider the Fund’s investment objective, risks and charges and expenses carefully before investing. The prospectus, which contains this and other information about the Fund, can be obtained by calling (800) 581-4001 and should be read carefully before investing.
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