Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 31

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 31
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      88 | %    |

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# | Based on average shares outstanding. |
| + | Amount rounds to less than $0.01 per share. |

| (a) | Total investment return at market value is                                                 
 based on the changes in market price of a share during the period and assumes reinvestment 
 of dividends and distributions, if any, at actual prices pursuant to the Fund’s dividend   
 reinvestment plan. Total investment return does not reflect brokerage commissions.         |

| (b) | Expenses do not include expenses of investment 
 companies in which the Fund invests.           |

| (c) | Recognition of net investment income by the                                               
 Fund may be affected by the timing of the declaration of dividends, if any, by investment 
 companies in which the Fund invests.                                                      |

<div align='center'>USE OF PROCEEDS</div>

If fully-subscribed, the net proceeds of the Offering
will be approximately $[●] or approximately $[●] per Share. The net proceeds of the Offering will be invested in accordance
with the Fund’s investment objective and policies (as stated below) as soon as practicable after completion of the Offering and,
to the extent necessary, net proceeds of the Offering will allow the Fund to maintain its Distribution Policy. The Fund currently anticipates
being able to invest a substantial portion of the net proceeds within one month after the completion of the Offering. Pending investment
of the net proceeds in accordance with the Fund’s investment objective and policies, the Fund will invest in money market securities
or money market mutual funds. Investors should expect, therefore, that before the Fund has fully invested the proceeds of the Offering
in accordance with its investment objective and policies, the Fund’s net asset value would earn interest income at a modest rate.
To the extent adequate income is not available, portfolio securities, including those purchased with proceeds of the Offering, may be
sold to meet the amounts distributed under the Fund’s Distribution Policy.

| 22 |

<div align='center'>INVESTMENT OBJECTIVE AND POLICIES</div>

Investment Objective

The Fund’s investment objective is to seek
long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies which Fund management
believes have demonstrated fundamental investment value and favorable growth prospects, as determined by the Investment Adviser. The
Fund’s investment objective and some of its investment policies are considered fundamental policies and may not be changed without
Stockholder approval.

Investment Strategies