Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 16

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 16
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collectively, the “Excess Shares”) will be distributed
and allocated pursuant to the Additional Subscription Privilege is as follows:

| (i) | If there are sufficient                                                                                                                    
 Excess Shares to satisfy all additional subscriptions by Stockholders exercising their rights under the Additional Subscription Privilege, 
 each such Stockholder shall be allotted the number of Shares which the Stockholder requested.                                              |

| (ii) | If the aggregate number                                                                                                          
 of Shares subscribed for under the Additional Subscription Privilege exceeds the number of Excess Shares, the Excess Shares will 
 be allocated to Record Date Stockholders who have exercised all of their Rights in accordance with their Additional Subscription 
 Privilege request.                                                                                                               |

| 15 |

| (iii) | If there are not enough                                                                                                              
 Excess Shares to fully satisfy all Additional Subscription Privilege requests by Record Date Stockholders pursuant to paragraph (ii) 
 above, the Excess Shares will be allocated among Record Date Stockholders who have exercised all of their Rights in proportion, not  
 to the number of Shares requested pursuant to the Additional Subscription Privilege, but to the number of Rights exercised by them   
 under their Basic Subscription Rights; provided, however, that no Stockholder shall be allocated a greater number of Excess Shares   
 than such Record Date Stockholder paid for and in no event shall the number of Shares allocated in connection with the Additional    
 Subscription Privilege exceed 100% of the Shares available in the Offering. The formula to be used in allocating the Excess Shares   
 under this paragraph is as follows: (Rights Exercised by over-subscribing Record Date Stockholder divided by Total Rights Exercised  
 by all over-subscribing Record Date Stockholders) multiplied by Excess Shares remaining.                                             |

The percentage of Excess Shares each over-subscriber
may acquire will be rounded up to result in delivery of whole Shares (fractional Shares will not be issued).

The foregoing allocation process may involve a series
of allocations in order to assure that the total number of Shares available for over-subscription are distributed on a pro-rata basis.
The Fund will not offer or sell any Shares which are not subscribed for under the Basic Subscription or the Additional Subscription Privilege.
The Additional Subscription Privilege may result in additional dilution of a Stockholder’s ownership percentage and voting rights.

The Fund will not offer or sell any Shares which
are not subscribed for under the Basic Subscription or the Additional Subscription Privilege.

Expiration of the Offering. The Offering
will expire at