Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 88

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 88
---
 of margin with respect to forward contracts or other hedging transactions. |

| 6. | Underwrite securities of other issuers, except insofar as the Fund may be deemed an underwriter under the 1933 Act in selling portfolio securities. |

| 7. | Purchase or sell commodities or real estate, except that the Fund may invest in securities secured by real estate or interests in real estate or in securities issued by companies, including real estate investment trusts, that invest in real estate or interests in real estate, and may purchase and sell forward contracts on foreign currencies to the extent permitted under applicable law. |

| 8. | Make investments for the purpose of exercising control over, or management of, the issuers of any securities. |

| 9. | Make loans except insofar as permitted under the 1940 Act. |

<div align='center'>NON-FUNDAMENTAL POLICIES</div>

The following policies of the Fund are non-fundamental
and may be changed by the Fund’s Board of Directors without stockholder vote. Under its non-fundamental restrictions, the Fund may
not:

| 1. | Invest in more than 3% of any one investment company’s total outstanding stock. |

| 2. | Invest more than 15% of its assets in illiquid U.S. and non-U.S. securities. |

<div align='center'>MANAGEMENT</div>

The Board of Directors of the Fund (the “Board”)
has the responsibility for the overall management of the Fund, including general supervision and review of the Fund’s investment
activities and its conformity with Maryland law and the policies of the Fund. The Board elects the officers of the Fund, who are responsible
for administering the Fund’s day-to-day operations.

The Directors, including the Directors who are
not interested persons of the Fund, as that term is defined in the 1940 Act (“Independent Directors”), and executive officers
of the Fund, their ages and principal occupations during the past five years are set forth below.

<div align='center'>B-2</div>

| INDEPENDENT DIRECTORS |                                                                                                |              |                                                                                                                                                                                                                                                                                                                                             |             |                                          |
| NAME AND              
 ADDRESS*              
 (BIRTHDATE)           | POSITION(S) HELD                                                                               
 WITH FUND                                                                                      | TERM OF      
 OFFICE AND   
 LENGTH OF    
 TIME SERVED  
 SINCE        | PRINCIPAL                                                                                                                                                                                                                                                                                                                                   
 OCCUPATION(S)                                                                                                                                                                                                                                                                                                                               
 DURING P