Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 58

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 58
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 and reinvestment of the net assets of the Fund, continuously furnishes
an investment program with respect to the Fund, determines which securities should be purchased, sold or exchanged, and implements such
determinations. The Investment Adviser furnishes to the Fund investment advice and office facilities, equipment and personnel for servicing
the investments of the Fund. The Investment Adviser compensates all Directors and officers of the Fund who are members of the Investment
Adviser’s organization and who render investment services to the Fund, and will also compensate all other Investment Adviser personnel
who provide research and investment services to the Fund. In return for these services, facilities and payments, the Fund has agreed
to pay the Investment Adviser as compensation under the Investment Management Agreement a monthly fee computed at the annual rate of
1.00% of the average weekly net assets of the Fund. The total estimated annual expenses of the Fund are set forth in the section titled
“Summary of Fund Expenses.”

The Board of Directors annually considers the continuance
of the Investment Management Agreement. A discussion regarding the basis for the Board of Directors’ approval on February 7, 2025
of the continuance of the Investment Management Agreement between the Fund and the Investment Adviser will be available in the Fund’s
semi-annual report to Stockholders for the six-month period ended June 30, 2025.

During the last three fiscal years, the Fund paid
the Investment Adviser the following amounts as compensation:

|                        |     | Fiscal Year Ended December 31, |       2024 |     |   |       2023 |     |   |       2022 |
|:-----------------------|:----|:-------------------------------|-----------:|:----|:--|-----------:|:----|:--|-----------:|
| Management Fees Earned |     | $                              | 16,943,070 |     | $ | 15,046,683 |     | $ | 13,199,630 |
| Management Fees Paid   |     | $                              | 16,943,070 |     | $ | 15,046,683 |     | $ | 13,199,630 |

Portfolio Managers

Messrs. Daniel W. Bradshaw, Joshua G, Bradshaw,
and Ralph W. Bradshaw are the Fund’s portfolio managers (the “Portfolio Managers”). Mr. Ralph W. Bradshaw,
President of Cornerstone Advisors, LLC, is the President and Chairman of the Board