Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 62

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 62
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imus is obligated to pay expenses associated with
providing the services contemplated by the fund accounting and administration agreement, including compensation of and office space for
Ultimus’ officers and employees and administration of the Fund. The Fund is not obligated to pay the fees of any Director or officer
of the Fund who is affiliated with Ultimus.

The Fund pays all other expenses incurred in the
operation of the Fund including, among other things, (i) expenses for legal and independent accountants’ services, (ii) printing
costs, including the costs of printing proxy statements and reports to stockholders, (iii) charges of the custodian and transfer agent
in connection with the Fund’s Dividend Reinvestment Plan, (iv) fees and expenses of independent Directors, (v) membership fees
in trade associations, (vi) fidelity bond coverage for the Fund’s officers and Directors, (vii) errors and omissions insurance
for the Fund’s officers and Directors, (viii) brokerage costs and listing fees and expenses charged by NYSE American, (ix) taxes
and (x) other extraordinary or non-recurring expenses and other expenses properly payable by the Fund. The expenses incident to the Offering
and issuance of Shares to be issued by the Fund will be recorded as a reduction of capital of the Fund attributable to the Shares.

The Fund’s annual operating expenses for the
fiscal year ended December 31, 2024 were approximately $18,600,000. No assurance can be given, in light of the Fund’s investment
objectives and policies, however, that future annual operating expenses will not be substantially more or less than this estimate.

Offering expenses relating to the Fund’s Shares,
estimated at approximately $636,000 will be payable upon completion of the Offering and will be deducted from the proceeds of the Offering.

The Investment Management Agreement authorizes the
Investment Adviser to select brokers or dealers (including affiliates) to arrange for the purchase and sale of Fund securities, including
principal transactions. Any commission, fee or other remuneration paid to an affiliated broker or dealer is paid in compliance with the
Fund’s procedures adopted in accordance with Rule 17e-1 under the 1940 Act.

<div align='center'>DETERMINATION OF NET ASSET VALUE</div>

The net asset value of shares of the Fund is determined
weekly and on the last business day of each month, as of the close of regular trading on the NYSE American (normally, 4