Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 70

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 70
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 to time.

<div align='center'>DIVIDEND REINVESTMENT PLAN</div>

The Fund operates a dividend reinvestment plan (the
“Plan”), administered by Equiniti Trust Company, LLC (the “Agent”), pursuant to which the Fund’s income
dividends or capital gains or other distributions (each, a “Distribution” and collectively, “Distributions”),
net of any applicable U.S. withholding tax, are reinvested in shares of the Fund.

Stockholders automatically participate in the Fund’s
Plan, unless and until an election is made to withdraw from the Plan on behalf of such participating Stockholder. Stockholders who do
not wish to have Distributions automatically reinvested should so notify the Agent at 48 Wall Street, 23rd Floor, New York, NY 10005.
Under the Plan, the Fund’s Distributions to Stockholders are reinvested in full and fractional shares as described below.

When the Fund declares a Distribution, the Agent,
on the Stockholder’s behalf, will (i) receive additional authorized shares from the Fund either newly issued or repurchased from
Stockholders by the Fund and held as treasury stock (“Newly Issued Shares”) or (ii) purchase outstanding shares on the open
market, on the NYSE American or elsewhere, with cash allocated to it by the Fund (“Open Market Purchases”).

The method for determining the number of Newly Issued
Shares received when Distributions are reinvested will be determined by dividing the amount of the Distribution either by the Fund’s
last reported net asset value per share or by a price equal to the average closing price of the Fund over the five trading days preceding
the payment date of the Distribution, whichever is lower. However, if the last reported net asset value of the Fund’s shares is
higher than the average closing price of the Fund over the five trading days preceding the payment date of the Distribution (i.e.,
the Fund is selling at a discount), shares may be acquired by the Agent in Open Market Purchases and allocated to the reinvesting Stockholders
based on the average cost of such Open Market Purchases. Upon notice from the Fund, the Agent will receive the Distribution in cash and
will purchase shares of common stock in the open market, on the NYSE American or elsewhere, for the participants’ accounts, except
that the Agent will endeavor to terminate purchases in the open market and cause the Fund to issue the remaining shares if, following
the commencement of the