Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 120

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 120
---
 RULES)
AND THE POSSIBLE EFFECTS OF CHANGES IN FEDERAL OR OTHER TAX LAWS.

<div align='center'>FINANCIAL STATEMENTS</div>

The financial statements included in the Fund’s
unaudited Semi-Annual Report for
the six months ended June 30, 2024 and its for the year ended December 31, 2024, filed with the Securities and Exchange
Commission on August 29, 2024 and [●], 2025, respectively (File No. 811-05150), are herein incorporated by reference.

<div align='center'>OTHER INFORMATION</div>

The Fund is a Maryland corporation. Pursuant to
the Fund’s Amended and Restated By-Laws, the Fund will indemnify, to the fullest extent permitted by the Maryland General Corporation
Law (the “MGCL”) and the 1940 Act, every person who is, or has been, a director or officer of the Fund against liability and
all expenses reasonably incurred or paid by him in connection with a claim, action, suit or proceeding in which he becomes involved by
virtue of being a director or officer of the Fund and amounts paid or incurred in settlement of such claim, action, suit or proceeding.
The Fund may also indemnify its employees and agents and make advances to them for reasonable expenses to the extent permitted by the
MGCL, the 1933 Act and the 1940 Act.

The Fund’s Prospectus and this SAI do not
contain all of the information set forth in the Registration Statement that the Fund has filed with the SEC. The complete Registration
Statement may be obtained as described on the cover page of this SAI.

<div align='center'>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

Cohen & Company, Ltd. is the independent
registered public accounting firm for the Fund and provides audit services, tax return preparation and assistance with respect to the
preparation of filings with the SEC.

<div align='center'>B-24

PART C

OTHER INFORMATION</div>

Item 25. Financial Statements and Exhibits

| (1) | Financial                       
 Statements (included in Part B) |

Portfolio Summary as of December 31, 2024 (unaudited)*
Schedule of Investments as of December 31, 2024 (unaudited)*

Statement of Assets and Liabilities as of December 31, 2024*
Statement of Operations for the year ended December 31,