Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 99

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 99
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 at the principal executive offices
of the Fund not later than the close of business on October 28, 2025. Stockholders are also advised to review the Fund’s By-laws,
which contain additional requirements with respect to advance notice of stockholder proposals and director nominations. The N&CG Committee
convened four (4) times during the 2024 calendar year.

BOARD’S ROLE IN RISK OVERSIGHT OF THE FUND

The Board oversees risk management for the Fund
directly and, as to certain matters, through its Audit and N&CG Committees. The Board exercises its oversight in this regard primarily
through requesting and receiving reports from and otherwise working with the Fund’s senior officers (including the Fund’s
Chief Compliance Officer), portfolio management personnel of the Investment Adviser, the Fund’s independent auditors, legal counsel
and personnel from the Fund’s other service providers. At its regular quarterly meetings, the Board receives a report regarding
risks applicable to the Fund presented by the Investment Adviser and the Chief Compliance Officer. The Board has adopted, on behalf of
the Fund, and periodically reviews with the assistance of the Fund’s Chief Compliance Officer, policies and procedures designed
to address certain risks associated with the Fund’s activities. In addition, the Investment Adviser and the Fund’s other service
providers also have adopted policies, processes and procedures designed to identify, assess and manage certain risks associated with the
Fund’s activities, and the Board receives reports from service providers with respect to the operation of these policies, processes
and procedures as required and/or as the Board deems appropriate. The Board does not believe that a separate Risk Oversight Committee
is necessary for effective risk oversight at this time, but intends to continuously evaluate how it assesses risk and will consider again
in the future whether any changes to their current structure are prudent.

<div align='center'>B-12

CODE OF ETHICS</div>

The Investment Adviser and the Fund have each
adopted a Code of Ethics, pursuant to Section 204A and Rule 204A-1 under the Investment Advisers Act of 1940 and Rule 17j-1 under the
1940 Act, respectively. Each Code of Ethics applies to the personal investing activities of the Directors, officers and certain employees
of the Fund or the Investment Adviser (“Access Persons”), as applicable. Rule 17j-1 and each Code of Ethics are designed to
prevent unlawful practices in connection with the purchase or sale of securities by