Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 85

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 85
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 may be removed from office without cause,
at any time by a written instrument signed or adopted by a vote of the holders of at least a majority of the shares of the Fund that
are entitled to vote in the election of such Director. The Charter requires the favorable vote of the holders of at least 66 2/3% of
the outstanding shares of each class of the Fund, voting as a class, then entitled to vote to approve, adopt or authorize certain transactions
with 5%-or-greater holders of the Fund’s outstanding shares and their affiliates or associates, unless two-thirds of the Board
of Directors have approved by resolution a memorandum of understanding with such holders, in which case normal voting requirements would
be in effect. For purposes of these provisions, a 5%-or-greater holder of outstanding shares (a “Principal Stockholder”)
refers to any person who, whether directly or indirectly and whether alone or together with its affiliates and associates, beneficially
owns 5% or more of the outstanding shares of beneficial interest of the Fund. The transactions subject to these special approval requirements
are: (i) the merger or consolidation of the Fund or any subsidiary of the Fund with or into any Principal Stockholder; (ii) the issuance
of any securities of the Fund to any Principal Stockholder for cash (other than pursuant to any automatic distribution reinvestment plan
or pursuant to any offering in which such Principal Stockholder acquires securities that represent no greater a percentage of any class
or series of securities being offered than the percentage of any class of shares beneficially owned by such Principal Stockholder immediately
prior to such offering or, in the case of securities, offered in respect of another class or series, the percentage of such other class
or series beneficially owned by such Principal Stockholder immediately prior to such offering); (iii) the sale, lease or exchange of
all or any substantial part of the assets of the Fund to any Principal Stockholder (except assets having an aggregate fair market value
of less than $1,000,000, aggregating for the purpose of such computation all assets sold, leased or exchanged in any series of similar
transactions within a twelve month period); and (iv) the sale, lease or exchange to the Fund or any subsidiary thereof, in exchange for
securities of the Fund, of any assets of any Principal Stockholder (except assets having an aggregate fair market value of less than
$1,000,000, aggregating for the purposes of