Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 3

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 3
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 the Shares available in the Offering
to honor additional subscription requests. See “The Offering” below.

The Rights are non-transferable, and may not be
purchased or sold. Rights will expire without residual value at the Expiration Date (defined below). The Rights will not be listed
for trading on the NYSE American LLC (“NYSE American”), and there will not be any market for trading Rights. The Shares
to be issued pursuant to the Offering will be listed for trading on the NYSE American, subject to the NYSE American being officially
notified of the issuance of those Shares. On April 4, 2025, the last reported net asset value (“NAV”) per Share was $5.78
and the last reported sales price per Share on the NYSE American was $6.85, which represents a 18.51% premium to the Fund’s
NAV per Share. The subscription price per Share (the “Subscription Price”) will be the greater of (i) 112% of NAV per
Share as calculated at the close of trading on the date of expiration of the Offering and (ii) 80% of the market price per Share at
such time. The considerable number of Shares that may be issued as a result of the Offering may cause the premium above NAV at which
the Fund’s Shares are currently trading to decline, especially if Stockholders exercising the Rights attempt to sell sizeable
numbers of shares immediately after such issuance.

STOCKHOLDERS WHO CHOOSE TO EXERCISE THEIR RIGHTS WILL NOT KNOW THE SUBSCRIPTION PRICE PER SHARE AT THE TIME THEY EXERCISE SUCH RIGHTS BECAUSE THE OFFERING WILL EXPIRE ( I.E., CLOSE) PRIOR TO THE AVAILABILITY OF THE FUND’S NAV AND OTHER RELEVANT MARKET INFORMATION ON THE EXPIRATION DATE. ONCE A STOCKHOLDER SUBSCRIBES FOR SHARES AND THE FUND RECEIVES PAYMENT, SUCH STOCKHOLDER WILL NOT BE ABLE TO WITHDRAW HIS, HER OR ITS SUBSCRIPTION OR CHANGE HIS, HER OR ITS DECISION. THE OFFERING WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MAY 16, 2025 (THE “EXPIRATION DATE”), UNLESS EXTENDED, AS DISCUSSED IN THIS PROSPECTUS.

The offering may substantially dilute the voting
power of Stockholders who do not fully exercise their Rights since they will own a smaller proportionate interest in the Fund upon completion
of the