Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 122

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 122
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 PARTICULAR CIRCUMSTANCES AND INCOME TAX SITUATION. PROSPECTIVE STOCKHOLDERS SHOULD
CONSULT THEIR OWN TAX ADVISORS AS TO THE SPECIFIC TAX CONSEQUENCES THAT WOULD RESULT FROM THE PURCHASE, OWNERSHIP AND DISPOSITION OF
THE SHARES, INCLUDING THE APPLICATION AND EFFECT OF FEDERAL, STATE, LOCAL, FOREIGN AND OTHER TAX LAWS (INCLUDING ESTATE AND GIFT TAX
RULES) AND THE POSSIBLE EFFECTS OF CHANGES IN FEDERAL OR OTHER TAX LAWS.

<div align='center'>FINANCIAL STATEMENTS</div>

The financial statements included in the Fund’s
unaudited Semi-Annual Report for
the six months ended June 30, 2024 and its Annual Report for the year ended December 31, 2024, filed with the Securities and Exchange Commission on August 29, 2024 and March 4, 2025,
respectively (File No. 811-05150), are herein incorporated by reference.

<div align='center'>OTHER INFORMATION</div>

The Fund is a Maryland corporation. Pursuant to the
Fund’s Amended and Restated By-Laws, the Fund will indemnify, to the fullest extent permitted by the Maryland General Corporation
Law (the “MGCL”) and the 1940 Act, every person who is, or has been, a director or officer of the Fund against liability
and all expenses reasonably incurred or paid by him in connection with a claim, action, suit or proceeding in which he becomes involved
by virtue of being a director or officer of the Fund and amounts paid or incurred in settlement of such claim, action, suit or proceeding.
The Fund may also indemnify its employees and agents and make advances to them for reasonable expenses to the extent permitted by the
MGCL, the 1933 Act and the 1940 Act.

The Fund’s Prospectus and this SAI do not contain
all of the information set forth in the Registration Statement that the Fund has filed with the SEC. The complete Registration Statement
may be obtained as described on the cover page of this SAI.

<div align='center'>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

Cohen & Company, Ltd. is the independent
registered public accounting firm for the Fund and provides audit services and tax return preparation.

| B-25 |

<div align='center'>PART C

OTHER INFORMATION</div>

Item 25. Financial Statements and Exhibits