Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 15

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 15
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 fee that is paid to the Investment Adviser 
 increases as the Fund’s net assets increase.                                                                                   |

| - | Because the Offering will increase the Fund’s                                                                                        
 outstanding Shares, it may increase the number of Stockholders over the long term, which could increase the level of market interest 
 in and visibility of the Fund and improve the trading liquidity of the Shares on the NYSE American.                                  |

| - | The Board expects the Offering to be anti-dilutive                                                                                       
 with respect to net asset value per share, but not to voting, to all Stockholders. Those Stockholders electing not to participate        
 will not be diluted, notwithstanding the fact that all the costs of the Offering will be borne by the Stockholders whether or not        
 they exercise their Rights, because the Offering price is set at a premium to NAV and the estimated expenses incurred for the Offering   
 will be more than offset by the increase in the net assets of the Fund such that non-participating Stockholders will receive an increase 
 in their net asset value, so long as the number of Shares issued to participating Stockholders is not materially less than a full        
 exercise of the Basic Subscription amount. Historically, all Prior Rights Offerings have been anti-dilutive with respect to the net      
 asset value per share. Stockholders have exercised not only the basic subscription but also a significant percentage of the additional   
 subscription shares offered. The Offering is expected to be dilutive with respect to Stockholder’s voting percentages because            
 Stockholders electing not to participate in the Offering will own a smaller percentage of the total number of shares outstanding         
 after the completion of the Offering.                                                                                                    |

Board Considerations in Approving the Offering.
At a meeting held on February 21, 2025, the Board considered the approval of the Offering. In considering whether or not to approve
the Offering, the Board relied on materials and information prepared and presented by the Fund’s management at such meeting and
discussions at that time. Based on such materials and their deliberations at this meeting, the Board determined that it would be in the
best interests of the Fund and its Stockholders to conduct the Offering in order to increase the assets of the Fund available for current
and future investment opportunities. In making its determination, the Board considered the various factors set forth in “The Offering
– Purpose of the Offering”. The Board also considered a number of other factors, including the success of the 2010 Offering,
the 2011 Offering, the 2012 Offering