Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 75

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 75
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 address and taxpayer identification number of certain U.S. persons
that own, directly or indirectly, interests in such entities, as well as certain other information relating to such interests. While
withholding under FATCA would have also applied to payments of gross proceeds from the sale or other disposition of Shares on or after
January 1, 2019, proposed Treasury regulations eliminate FATCA withholding on payments of gross proceeds entirely. The preamble to these
proposed regulations indicates that taxpayers may rely on them pending their finalization. Non-U.S. Holders are encouraged to consult
with their own tax advisors regarding the possible implications and obligations of FATCA.

Other Taxation

The Fund’s Stockholders may be subject to state,
local and foreign taxes on its distributions. Stockholders are advised to consult their own tax advisors with respect to the particular
tax consequences to them of an investment in the Fund.

The foregoing briefly summarizes some of the important
federal income tax consequences to Stockholders of investing in the Shares, reflects the federal tax law as of the date of this prospectus,
and except as expressly provided herein, does not address special tax rules applicable to certain types of investors, such as corporate,
tax exempt and foreign investors. Investors should consult their tax advisers regarding other federal, state or local tax considerations
that may be applicable in their particular circumstances, as well as any proposed tax law changes.

DESCRIPTION OF CAPITAL STRUCTURE

The Fund is a corporation established under the laws
of the State of Maryland upon the filing of its Charter on May 1, 1987. The Fund commenced investment operations on June 30, 1987. The
Fund intends to hold annual meetings of its Stockholders in compliance with the requirements of the NYSE American. As of March 31,
2025, the Fund had 252,756,986 Shares issued and outstanding.

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Common Stock

The Charter, which has been filed with the SEC, permits
the Fund to issue 800,000,000 shares of stock, with a par value of $0.001. Fractional shares are permitted. Each Share represents an
equal proportionate interest in the net assets of the Fund with each other Share. Holders of Shares will be entitled to the payment of dividends when declared by the Board of Directors. See “Distribution Policy.” Each whole Share shall be entitled to one vote as to matters on which it is entitled to vote pursuant to the terms of the Charter on file with the SEC. Upon liquidation of the Fund