Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 37

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 37
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 companies holding such instruments. Debt securities in which the Fund may invest may pay
fixed or variable rates of interest. Bonds and other debt securities generally are issued by corporations and other issuers to borrow
money from investors. The issuer pays the investor a fixed or variable rate of interest and normally must repay the amount borrowed on
or before maturity. Certain debt securities are “perpetual” in that they have no maturity date.

The Fund may invest in government debt securities,
including those of emerging market issuers or of other non-U.S. issuers. These securities may be U.S. dollar- denominated or non-U.S.
dollar-denominated and include: (a) debt obligations issued or guaranteed by foreign national, provincial, state, municipal or other
governments with taxing authority or by their agencies or instrumentalities; and (b) debt obligations of supranational entities. Government
debt securities include: debt securities issued or guaranteed by governments, government agencies or instrumentalities and political
subdivisions; debt securities issued by government owned, controlled or sponsored entities; interests in entities organized and operated
for the purpose of restructuring the investment characteristics issued by the above noted issuers; or debt securities issued by supranational
entities such as the World Bank or the European Union. The Fund may also invest in securities denominated in currencies of emerging market
countries. Emerging market debt securities generally are rated in the lower rating categories of recognized credit rating agencies or
are unrated and considered to be of comparable quality to lower rated debt securities. A non-U.S. issuer of debt or the non-U.S. governmental
authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may
have limited resources in the event of a default. Some of these risks do not apply to issuers in large, more developed countries. These
risks are more pronounced in investments in issuers in emerging markets or if the Fund invests significantly in one country.

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The Fund will not invest directly in debt securities
rated below investment grade (i.e., securities rated lower than Baa by Moody’s Investors Service, Inc. (“Moody’s”)
or lower than BBB by Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc. (“S&P”),
or their equivalent as determined by the Investment Adviser. These securities are commonly referred to as “junk bonds.” The
foregoing credit quality policy