Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 35

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 35
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 share of the investment company’s expenses and would remain subject to payment of the Fund’s
advisory and administrative fees with respect to the assets so invested.

To comply with provisions of the 1940 Act, on any
matter upon which the Fund is solicited to vote as a stockholder in an investment company in which it invests, the Investment Adviser
votes such shares in the same general proportion as shares held by other stockholders of that investment company. The Fund does not and
will not invest in any other closed-end funds managed by the Investment Adviser.

The Fund may invest up to 15% of its assets in illiquid
U.S. and non-U.S. securities. The Fund will invest only in such illiquid securities that, in the opinion of the Investment Adviser, present
opportunities for substantial growth over a period of two to five years.

The Fund’s investment policies emphasize long-term
investment in securities. Therefore, the Fund’s annual portfolio turnover rate is expected to continue to be relatively low, normally
ranging between 10% and 90%. Higher portfolio turnover rates resulting from more actively traded portfolio securities generally result
in higher transaction costs, including brokerage commissions and related capital gains or losses.

The Fund’s foregoing investment policies may
be changed by the Fund’s Board of Directors without Stockholder vote.

Although the Fund does not anticipate having any
securities lending income during the current calendar year, the Fund may lend the securities that it owns to others, which would allow
the Fund the opportunity to earn additional income. Although the Fund will require the borrower of the securities to post collateral
for the loan in accordance with market practice and the terms of the loan will require that the Fund be able to reacquire the loaned
securities if certain events occur, the Fund is still subject to the risk that the borrower of the securities may default, which could
result in the Fund losing money, which would result in a decline in the Fund’s net asset value.

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The Fund may, from time to time, take temporary defensive
positions that are inconsistent with the Fund’s principal investment strategies in attempting to respond to adverse market, economic,
political or other conditions. During such times, the Fund may temporarily invest up to 100% of its assets in cash or cash equivalents,
including money market instruments, prime commercial paper, repurchase agreements, Treasury bills and other short-term obligations of
the U. S. Government, its agencies or instrumentalities. In