Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 12

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 12
---
pository or nominee. Shares acquired pursuant to the Additional
Subscription Privilege are subject to allotment and will be distributed on a pro rata basis if allotment does not exist to fulfill all
requests, which is more fully discussed below under “Additional Subscription Privilege.”

| 12 |

SHARES WILL BE ISSUED WITHIN THE 15-DAY PERIOD IMMEDIATELY
FOLLOWING THE RECORD DATE OF THE FUND’S MONTHLY DISTRIBUTION AND STOCKHOLDERS EXERCISING RIGHTS WILL NOT BE ENTITLED TO RECEIVE
SUCH DISTRIBUTION WITH RESPECT TO THE SHARES ISSUED PURSUANT TO SUCH EXERCISE.

Rights will be Evidenced by Subscription Certificates.
The number of Rights issued to each Record Date Stockholder will be stated on the Subscription Certificates delivered to the Record Date
Stockholder. The method by which Rights may be exercised and Shares paid for is set forth below in “Method of Exercising Rights”
and “Payment for Shares.” A RIGHTS HOLDER WILL HAVE NO RIGHT TO RESCIND A PURCHASE AFTER THE SUBSCRIPTION AGENT HAS RECEIVED
PAYMENT. See “Payment for Shares” below.

The Rights are non-transferable and may not be purchased
or sold. Rights will expire without residual value at the Expiration Date (or Extended Expiration Date, as the case may be). The Rights
will not be listed for trading on the NYSE American, and there will not be any market for trading Rights. The Shares to be issued pursuant
to the Offering will be listed for trading on the NYSE American, subject to the NYSE American being officially notified of the issuance
of those Shares.

Purpose of the Offering. At a meeting
held on February 21, 2025, the Board considered, in addition to other factors, the success of the Prior Rights Offerings, and determined
that the current Offering was in the best interests of the Fund and its existing Stockholders to increase the assets of the Fund and
approved the current Offering. The primary reasons include:

| - | The Basic Subscription                                                                                                            
 will provide existing Stockholders an opportunity to purchase additional Shares at a price that is potentially below market value 
 without incurring any commission or transaction charges.                                                                          |

| - | Raising more cash will                                                                                                             
 better position the Fund to take advantage of investment opportunities that exist or may arise, however as has been the case with  
 Prior Rights Offerings, a portion of the increase in the Fund’s assets will also be used to maintain