Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 23

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 23
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should be read carefully and followed in detail. DO NOT SEND SUBSCRIPTION CERTIFICATES TO THE FUND OR THE INVESTMENT ADVISER.

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The method of delivery of Subscription Certificates
and payment of the Subscription Price to the Subscription Agent will be at the election and risk of the Rights holders, but if sent by
mail it is recommended that the certificates and payments be sent by registered mail, properly insured, with return receipt requested,
and that a sufficient number of days be allowed to ensure delivery to the Subscription Agent and clearance of payment prior to 5:00 p.m.,
New York City time, on the Expiration Date (or Extended Expiration Date, as the case may be). Because uncertified personal checks may
take at least five (5) business days to clear, each Record Date Stockholder participating in the Offering is strongly urged to pay, or
arrange for payment, by means of a certified or cashier’s check or money order.

All questions concerning the timeliness, validity,
form and eligibility of any exercise of Rights will be determined by the Fund, whose determinations will be final and binding. The Fund
in its sole discretion may waive any defect or irregularity, or permit a defect or irregularity to be corrected within such time as it
may determine, or reject the purported exercise of any Right. If the Fund elects in its sole discretion to waive any defect or irregularity,
it may do so on a case-by-case basis which means that not all defects or irregularities may be waived, if at all, or waived in the same
manner as with other defects or irregularities. Subscriptions will not be deemed to have been received or accepted until all irregularities
have been waived or cured within such time as the Fund determines in its sole discretion. Neither the Fund nor the Subscription Agent
will be under any duty to give notification of any defect or irregularity in connection with the submission of Subscription Certificates
or incur any liability for failure to give such notification.

Delivery of the Shares. The Shares
purchased pursuant to the Basic Subscription will be delivered to subscribers in book-entry form as soon as practicable after the corresponding
Rights have been validly exercised and full payment for the Shares has been received and cleared. The Shares purchased pursuant to the
Additional Subscription Privilege will be delivered to subscribers in book-entry form as soon as practicable after the Expiration Date
(or Extended Expiration Date, as the case may be) and after all allocations have been