JERICHO, NY--(Marketwire - December 13, 2010) - Cornerstone Strategic Value Fund, Inc. (the "Fund") (
The subscription price is lower than the original estimated subscription price of $10.31. Under the prospectus, any excess payment is to be applied to the purchase of unsubscribed shares. Shares will not be issued until after expiration of the notice of guaranteed delivery. It is anticipated that shares will be issued on or shortly after Friday, December 17, 2010. Stockholders are encouraged to contact their broker regarding the specifics of their account. Newly issued shares will not be entitled to the December distribution.
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."
Contact Information:
Contact:
Cornerstone Strategic Value Fund, Inc.
(513) 326-3597