Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 48

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 48
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’s managed distribution rates do not correlate to the Fund’s total return based on NAV
because the Fund’s Distribution Policy maintains a stable, high rate of distribution to its Stockholders, and such distributions
are not tied to the Fund’s investment income or capital gains and do not represent yield or investment return on the Fund’s
portfolio.

| 32 |

<div align='center'>Cornerstone Strategic Investment Fund, Inc.

Managed Distributions Paid and NAV Returns from 2020
through 2024</div>

| Years |     | NAV       
 Per Share |       |     | Average 
 Annual  
 Return* |        |   |     | Average  
 Annual   
 Return** |        |   |     | Managed      
 Distribution 
 Per Share    |      |     | Return-of-           
 Capital Distribution |      |     | Capital      
 Gains        
 Distribution |      |     | Net                            
 Investment Income Distribution |      |     | Gross   
 Expense 
 Ratios  |      |   |
|:------|:----|:----------|------:|:----|:--------|-------:|:--|:----|:---------|-------:|:--|:----|:-------------|-----:|:----|:---------------------|-----:|:----|:-------------|-----:|:----|:-------------------------------|-----:|:----|:--------|-----:|:--|
| 2020  |     | $         |  9.93 |     |         |  15.63 | % |     |          |  12.53 | % |     | $            | 2.23 |     | $                    | 1.40 |     | $            | 0.78 |     | $                              | 0.05 |     |         | 1.14 | % |
| 2021  |     |           | 10.23 |     |         |  24.33 |   |     |          |  22.38 |   |     |              | 1.92 |     |                      | 0.99 |     |              | 0.92 |     |                                | 0.01 |     |         | 1.12 |   |
| 2022  |     |           |  6.48 |     |         | -16.75 |   |     |          | -15.45 |   |     |              | 2.16 |