Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 5

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 5
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.002 per Share, if fully 
 subscribed. Proceeds to the Fund, after deduction of such fees and expenses incurred by the Fund in connection with the Offering,  
 are estimated to be approximately $544,476,653 or approximately $1.62 per Share, if fully subscribed. The calculation of the per   
 Share amounts indicated above do not take into account the Over-Subscription Shares.                                               |

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is [●], 2025.</div>

The Fund’s Shares are listed on the NYSE American
under the ticker symbol “CLM.”

Investment Adviser.Cornerstone Advisors,
LLC (the “Investment Adviser”) acts as the Fund’s investment adviser. See “Management of the Fund.” As
of December 31, 2024, the Investment Adviser managed one other closed-end fund with combined assets with the Fund of approximately $2,5
billion. The Investment Adviser’s address is 1075 Hendersonville Road, Suite 250, Asheville, North Carolina, 28803.

This prospectus sets forth concisely the information
about the Fund that you should know before deciding whether to invest in the Fund. A Statement of Additional Information, dated [●],
2025 (the “Statement of Additional Information”), and other materials, containing additional information about the Fund, have been filed with the Securities and Exchange Commission (the “SEC”). The Statement of Additional Information is incorporated by reference in its entirety into this prospectus, which means it is considered to be part of this prospectus. You may obtain a free copy of the Statement of Additional Information, the table of contents of which is on page 56 of this prospectus, and other information filed with the SEC, by calling toll free ((866) 406-2285) or by writing to the Fund c/o Ultimus Fund Solutions, LLC, 225 Pictoria Drive, Suite 450, Cincinnati, OH 45246, or by visiting the Fund’s website at www.cornerstonestrategicinvestmentfund.com. The Fund files annual and semi-annual stockholder reports, proxy statements and other information with the SEC. You can obtain this information or the Fund’s Statement of Additional Information or any information regarding the Fund filed with the SEC from the SEC’s website at