Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 69

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 69
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 These distributions are not to be tied to the Fund’s
investment income and capital gains and do not represent yield or investment return on the Fund’s portfolio. Section 19(a) of the
1940 Act and Rule 19a-1 thereunder require the Fund to provide a written statement accompanying any such payment that adequately discloses
its source or sources, other than net investment income. Thus, if the source of some or all of the dividend or other distribution were
the original capital contribution of the Stockholder, and the payment amounted to a return of capital, the Fund would be required to
provide written disclosure to that effect. Nevertheless, persons who periodically receive the payment of a dividend or other distribution
may be under the impression that they are receiving net profits when they are not. Stockholders should read any written disclosure provided
pursuant to Section 19(a) and Rule 19a-1 carefully, and should not assume that the source of any distribution from the Fund is net profit.
A return of capital distribution does not reflect positive investment performance. Stockholders should not draw any conclusions about
the Fund’s investment performance from the amount of its managed distributions or from the terms of the Distribution Policy. When
the Fund issues a written disclosure pursuant to Section 19(a) and Rule 19a-1, the Fund will refer to such a notice as a “Rule
19a-1 Notice Accompanying Distribution Payment”. In addition, the Fund will refer to the return of capital distributions as “Paid-in-capital”
which will be presented under the “Source of Payment” heading in such notice.

| 45 |

On August 2, 2024, the Board of Directors of the
Fund determined that the distribution percentage for the calendar year 2025 would remain at 21%, which was the same distribution percentage
used in 2024, which was then applied to the net asset value of the Fund at the end of October 2024 to determine the distribution amounts
for calendar year 2025. During 2025, the Board of Directors of the Fund will make a determination regarding the distribution percentage
for 2026 which will then be applied to the net asset value of the Fund at the end of October 2025 to determine the distribution amounts
for calendar year 2026. The distribution percentage is not a function of, nor is it related to, the investment return on the Fund’s
portfolio.

The Board of Directors reserves the right to change
the Distribution Policy from time