Company: CLM
Filing Date: 2025-03-04
Form Type: N-CSR
Source: 0001398344-25-004655
Chunk: 12

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-03-04
Form: N-CSR
Chunk 12
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   | December 31, 
         2023 |
|:------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Ordinary Income         |     | $ |   34,177,537 |     | $ |   14,232,381 |
| Long-Term Capital Gains |     |   |   86,648,388 |     |   |  109,818,457 |
| Return-of-Capital       |     |   |  192,374,807 |     |   |  205,965,385 |
| Total Distributions     |     | $ |  313,200,732 |     | $ |  330,016,223 |

At December 31, 2024, the components of accumulated earnings on a tax basis for the Fund were as follows:

| Net unrealized appreciation |     | $ | 522,669,254 |
| Total accumulated earnings  |     | $ | 522,669,254 |

The following information is computed on a tax basis for each item as of December 31, 2024:

| Cost of portfolio investments |     | $ | 1,224,355,562 |   |
| Gross unrealized appreciation |     | $ |   558,506,624 |   |
| Gross unrealized depreciation |     |   |   (35,837,370 | ) |
| Net unrealized appreciation   |     | $ |   522,669,254 |   |

| 20 |

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors of
Cornerstone Strategic Investment Fund, Inc.

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Cornerstone Strategic Investment Fund, Inc. (formerly Cornerstone Strategic Value Fund, Inc.) (the “Fund”) as of December 31, 2024, the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the three years in the period then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of December 31, 2024, the results of its operations for the year then ended,