-
Posted by
Two Blokes Apr 23 -
Filed in
Stock
-
6 views
Cornerstone Strategic Investment Fund and Cornerstone Total Return Fund announce 1-for-3 rights offerings, allowing shareholders to subscribe for new shares at a premium to NAV. The rights offerings are accretive to NAV per share, benefiting existing shareholders, but market prices typically drop during the offering period due to increased selling pressure. Investors can either sell shares before the ex-rights date to avoid price drops, or participate in the offering if the premium to NAV is above 12%.
