Cornerstone Funds File Their Annual Reports forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
$0.1537
Each Fund s distribution policy provides for the resetting of the monthly distribution amount per share ( Distribution Amount ) annually, based on each Fund s net asset value on the last business day of October and the annualized distribution percentage approved by the respective Board of Directors (individually the Board , or collectively, the Boards ).
Each Board believes each Fund s distribution policy maintains a stable, high rate of distribution. These distributions are not tied to each Fund s investment income or capital gains and do not represent yield or investment return on each Fund s portfolio. The Distribution Amount from one calendar year to the next will increase or decrease based on the change in each Fund s net asset value. The terms of each distribution policy are reviewed and approved at least annually by each Fund s Board and may be modified at their discretion for the benefit of each Fund and its stockholders.