Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 17

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 17
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 result of the Offering because it is not known how many Shares will be subscribed for and the proceeds of the Offering
will be invested in additional portfolio securities, which will fluctuate in value. It is likely that affiliates of the Investment Adviser
who are also Stockholders will participate in the Offering and, accordingly, will receive the same benefits of acquiring Shares as other
Stockholders.

There can be no assurance that the Fund or its Stockholders
will achieve any of the foregoing objectives or benefits through the Offering.

The Fund may, in the future, choose to make additional
rights offerings from time to time for a number of Shares and on terms that may or may not be similar to the Offering. Any such future
rights offerings will be made in accordance with the then applicable requirements of the 1940 Act and the Securities Act.

Notice of NAV Decline. If the Shares
begin to trade at a discount, the Board may make a determination whether to discontinue the Offering, provided that the Fund, as required
by the SEC’s registration form, will suspend the Offering until it amends this prospectus if, subsequent to the date of this prospectus,
the Fund’s NAV declines more than 10% from its NAV as of that date. Accordingly, the Expiration Date would be extended and the
Fund would notify Record Date Stockholders of the decline and permit Stockholders to cancel their exercise of Rights.

The Subscription Price. The Subscription
Price for the Shares to be issued under the Offering will be equal to the greater of (i) 112% of NAV per Share as calculated at the
close of trading on the Expiration Date (or Extended Expiration Date, as the case may be) or (ii) 80% of the market price per Share
at such time. For example, if the Offering were held using the “Estimated Subscription Price” (i.e., an estimate of
the Subscription Price based on the Fund’s per-share NAV and market price at the end of business on [●] ($[●] and $[●],
respectively), the Subscription Price would be $[●] per share ([●]% of $[●]).

Additional Subscription Privilege.
If all of the Rights initially issued are not exercised, any Shares for which subscriptions have not been received will be offered, by
means of the Additional Subscription Privilege, to Record Date Stockholders who have exercised all of the Rights initially issued to
them and who wish to acquire more than the number of Shares for which the