Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 104

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 104
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 security by its other investment fund
simultaneously with the Fund. If transactions on behalf of more than one investment fund during the same period increase the demand for
securities being purchased or the supply of securities being sold, there may be an adverse effect on price or quantity. It is the policy
of the Investment Adviser to allocate advisory recommendations and the placing of orders in a manner that it believes is equitable to
the accounts involved, including the Fund. When more than one investment fund of the Investment Adviser is purchasing or selling the same
security on a given day from the same broker-dealer, such transactions may be averaged as to price. See “Allocation of Brokerage”.

DIFFERENT INVESTMENT STRATEGIES. The accounts
managed by the Portfolio Managers have differing investment strategies. If the Portfolio Managers determine that an investment opportunity
may be appropriate for only some of the accounts or decide that certain of the accounts should take different positions with respect
to a particular security, the Portfolio Managers may effect transactions for one or more accounts which may affect the market price of
the security or the execution of the transaction, or both, to the detriment or benefit of one or more other accounts.

<div align='center'>B-15</div>

SELECTION OF BROKERS.The Portfolio Managers
select the brokers that execute securities transactions for the accounts that he supervises, including the Fund. See “Allocation
of Brokerage.”

Where conflicts of interest arise between the
Fund and other accounts managed by the Portfolio Managers, they will use good faith efforts so that the Fund will not be treated materially
less favorably than other accounts.

COMPENSATION

Each Portfolio Manager’s compensation will
be made up of a fixed salary amount which is not based on the value of the assets in the Fund’s portfolio.

SECURITIES OWNED IN THE FUND BY PORTFOLIO MANAGERS

The table below sets forth the amount of shares
of the Fund owned by the Portfolio Managers as of [●].

| NAME               | Number of Shares |
| Ralph W. Bradshaw  | [●]              |
| Joshua G. Bradshaw | [●]              |
| Daniel W. Bradshaw | [●]              |

<div align='center'>ALLOCATION OF BROKERAGE</div>

Decisions regarding the placement of orders to
purchase and sell investments for the Fund are made by the Investment Adviser, subject to the supervision of the Board of Directors. A
substantial portion of the transactions in equity securities