Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 103

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 103
---
 such assets greater than $1 billion to $2 billion and 0.02% of such assets in excess of $2 billion. For
the years 2022, 2023 and 2024, the Fund paid Ultimus $597,222, $645,400 and $709,799, respectively.

Information regarding the Fund’s custodian,
transfer agent and independent public accounting firm is contained in the Prospectus.

<div align='center'>B-14

PORTFOLIO MANAGERS</div>

Daniel W. Bradshaw, Joshua G. Bradshaw and Ralph
W. Bradshaw are the portfolio managers responsible for the day-to-day management of the Fund (the “Portfolio Managers”). The
following table shows the number of other accounts managed by each Portfolio Manager and the total assets in the accounts managed within
various categories as of December 31, 2024.

|                                 |           |                 | ADVISORY FEE BASED ON PERFORMANCE |              |
| TYPE OF ACCOUNTS                | NUMBER OF 
  ACCOUNTS |    TOTAL ASSETS 
 ($ IN MILLIONS) |                         NUMBER OF 
                          ACCOUNTS | TOTAL ASSETS |
| Registered Investment Companies |         1 |          $779.8 |                                 0 |            0 |
| Other Pooled Investments        |         0 |               0 |                                 0 |            0 |
| Other Accounts                  |         0 |               0 |                                 0 |            0 |

CONFLICTS OF INTEREST

Conflicts of interest may arise because the Fund’s
Portfolio Managers have day-to-day management responsibilities with respect to the Fund and one other account (i.e., Cornerstone
Total Return Fund, Inc.). These potential conflicts include:

LIMITED RESOURCES. The Portfolio Managers
cannot devote their full time and attention to the management of each of the accounts that they manage. Accordingly, the Portfolio Managers
may be limited in their ability to identify investment opportunities for each of the accounts that are as attractive as might be the case
if the Portfolio Managers were to devote substantially more attention to the management of a single account. The effects of this potential
conflict may be more pronounced where the accounts have different investment strategies.

LIMITED INVESTMENT OPPORTUNITIES. The other
investment fund of the Investment Adviser may have investment objectives and policies similar to those of the Fund. The Investment Adviser
may, from time to time, make recommendations which result in the purchase or sale of a particular