Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 117

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 117
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 withholding
tax may be imposed on payments of U.S. source income, including U.S. source interest and dividends, to certain non-U.S. entities unless
such entities enter into an agreement with the IRS to disclose the name, address and taxpayer identification number of certain U.S. persons
that own, directly or indirectly, interests in such entities, as well as certain other information relating to such interests. While
withholding under FATCA would have also applied to payments of gross proceeds from the sale or other disposition of Shares on or after
January 1, 2019, proposed Treasury regulations eliminate FATCA withholding on payments of gross proceeds entirely. The preamble to these
proposed regulations indicates that taxpayers may rely on them pending their finalization. Non-U.S. Holders are encouraged to consult
with their own tax advisors regarding the possible implications and obligations of FATCA.

| B-24 |

STATE AND LOCAL TAXES

Stockholders should consult their own tax advisers
as to the state or local tax consequences of investing in the Fund.

THE FOREGOING SUMMARY OF U.S. FEDERAL INCOME TAX
CONSIDERATIONS IS FOR GENERAL INFORMATION ONLY AND IS NOT TAX ADVICE. IT DOES NOT DISCUSS ALL ASPECTS OF U.S. FEDERAL INCOME TAXATION
THAT MAY BE RELEVANT TO A STOCKHOLDER IN LIGHT OF ITS PARTICULAR CIRCUMSTANCES AND INCOME TAX SITUATION. PROSPECTIVE STOCKHOLDERS SHOULD
CONSULT THEIR OWN TAX ADVISORS AS TO THE SPECIFIC TAX CONSEQUENCES THAT WOULD RESULT FROM THE PURCHASE, OWNERSHIP AND DISPOSITION OF
THE SHARES, INCLUDING THE APPLICATION AND EFFECT OF FEDERAL, STATE, LOCAL, FOREIGN AND OTHER TAX LAWS (INCLUDING ESTATE AND GIFT TAX
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 Annual Report for the year ended December 31, 2024, filed with the Securities and Exchange Commission on August 29, 2024 and March 4, 2025,
respectively (File No. 811-05150), are herein incorporated by reference.

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

The Fund is a Maryland corporation. Pursuant