Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 60

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 60
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 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.

| 40 |

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 of Directors of the Fund. Mr. Joshua G. Bradshaw has been a Director
of the Fund since 2021 and Chief Executive Officer of Cornerstone Advisors, LLC since 2025, and prior to that he was Chief Operating
Officer of Cornerstone Advisors, LLC from 2023 to 2024, a Vice President of Cornerstone Advisors, LLC from 2019 to 2023 and a Vice President
of Cornerstone Advisors, Inc., the Fund’s former investment adviser, from 2016 to 2019. Mr. Daniel W. Bradshaw has been a Director
of the Fund since 2022 and Chief Investment Officer of Cornerstone Advisors, LLC since 2023, and prior to that he was a Vice President
of Cornerstone Advisors, LLC from 2019 to