Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 12

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 12
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 each year and that all dividends and distributions are reinvested   
 at net asset value. Actual expenses may be greater or less than those assumed. The example further assumes that the Fund uses no     
 leverage, as currently intended and the Fund does not intend to utilize any leverage within one year from the effective date of this 
 Registration Statement. Moreover, the Fund’s actual rate of return will vary and may be greater or less than the hypothetical        
 5% annual return.                                                                                                                    |

The purpose of the above table is to help a Stockholder
understand the fees and expenses that such Stockholder would bear directly or indirectly. The example should not be considered a representation of actual future expenses. Actual expenses may be higher or lower than those shown.

<div align='center'>THE FUND</div>

The Fund is a diversified, closed-end management
investment company. The Fund was organized as a Maryland corporation on May 1, 1987. The Fund’s principal office is located c/o
Ultimus Fund Solutions, LLC at 225 Pictoria Drive, Suite 450, Cincinnati, OH 45246, and its telephone number is (866) 668-6558.

| 11 |

<div align='center'>THE OFFERING</div>

Terms of the Offering. The Fund is
issuing to Record Date Stockholders (i.e., Stockholders who hold Shares on the Record Date) non-transferable Rights to subscribe
for Shares. Each Record Date Stockholder is being issued one non-transferable Right for every one Share owned on the Record Date. The
Rights entitle a Record Date Stockholder to acquire one Share at the Subscription Price for every three Rights held. Fractional Shares
will not be issued upon the exercise of the Rights. Accordingly, the number of Rights to be issued to a Record Date Stockholder on the
Record Date will be rounded up to the nearest whole number of Rights evenly divisible by three. Rights may be exercised at any time during
the Subscription Period which commences on or about [●] and ends at 5:00 p.m., New York City time, on [●], unless extended
by the Fund. See “Expiration of the Offering.” The right to acquire one additional Share for every three Rights held during
the Subscription Period at the Subscription Price is hereinafter referred to as the “Basic Subscription.”

In addition to the Basic Subscription, Record Date
Stockholders who exercise all of their Rights are entitled to subscribe for Shares which were not otherwise subscribed for by others