Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 45

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 45
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 the Stockholder’s
basis in the shares. The Stockholders would reduce their basis (but not below zero) in the Shares by the amount of the distribution and
therefore may result in an increase in the amount of any taxable gain on a subsequent disposition of such Shares, even if such Shares
are sold at a loss to the Stockholder’s original investment amount. Any return of capital will be separately identified when Stockholders
receive their tax statements. Any return of capital that exceeds cost basis may be treated as capital gain. Stockholders are advised
to consult their own tax advisers with respect to the tax consequences of their investment in the Fund. The Fund may need to raise additional
capital in order to maintain the Distribution Policy.

| 34 |

The following table is provided to demonstrate the
historical components of the Distribution Policy. The average annual returns indicated below include the return of Stockholders’
capital invested in the Fund. A return of capital distribution does not reflect positive investment performance. Stockholders should
not draw any conclusions about the Fund’s investment performance from the amount of its managed distributions or from the terms
of the Distribution Policy. The Fund’s managed distribution rates do not correlate to the Fund’s total return based on NAV
because the Fund’s Distribution Policy maintains a stable, high rate of distribution to its Stockholders, and such distributions
are not tied to the Fund’s investment income or capital gains and do not represent yield or investment return on the Fund’s
portfolio.

Cornerstone Strategic Investment Fund, Inc.

Managed Distributions Paid and NAV Returns from 2020
through 2024

| Years |     | NAV       
 Per Share |       |     | Average 
 Annual  
 Return* |        |   |     | Average  
 Annual   
 Return** |        |   |     | Managed      
 Distribution 
 Per Share    |      |     | Return-of-           
 Capital Distribution |      |     | Capital      
 Gains        
 Distribution |      |     | Net                            
 Investment Income Distribution |      |     | Gross   
 Expense 
 Ratios  |      |   |
|:------|:----|:----------|------:|:----|:--------|-------:|:--|:----|:---------|-------:|:--|:----|:-------------|-----:|:----|:---------------------|-----:|:----|:-------------|-----:|:----|:-------------------------------|-----:|:----|:--------|-----:|:--|
| 202