Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 125

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 125
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 for liability arising
under the Securities Act of 1933, as amended (the “Act”) may be permitted to directors, officers and controlling persons
of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid
by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of
such issue.

Item 31. Business and Other Connections of Investment Adviser

Cornerstone Advisors, LLC manages
one other closed-end fund. A description of any other business, profession, vocation, or employment of a substantial nature in which
the investment adviser, and each director, executive officer or partner of the investment adviser is or has been during the past two
fiscal years, engaged in for his or her own account or in the capacity of director, officer, employee, partner or trustee, is set forth
in the Statement of Additional Information contained in this Registration Statement in the section entitled “Management.”

Item 32. Location of Accounts and Records

All applicable accounts, books
and documents required to be maintained by the Registrant by Section 31(a) of the 1940 Act and the rules promulgated thereunder are in
the possession and custody of the Registrant’s administrator, Ultimus Fund Solutions, LLC, located at 225 Pictoria Drive, Suite
450, Cincinnati, OH 45246.

Item 33. Management Services

Not applicable.

Item 34. Undertakings

| 1. | The Registrant undertakes                                                                                                           
 to suspend the offering of its Rights until the prospectus is amended if (1) subsequent to the effective date of this registration  
 statement, the net asset value declines more than ten percent from its net asset value as of the effective date of the registration 
 statement or (2) the