Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 28

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 28
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 Directors who voted to approve the
Offering are “interested persons” of the Investment Adviser within the meaning of the 1940 Act. These Directors, Messrs.
Daniel Bradshaw, Joshua Bradshaw, and Ralph Bradshaw, could benefit indirectly from the Offering because of their beneficial interests
in the Investment Adviser. The other Directors were aware of the potential benefit to the Investment Adviser (and indirectly to Messrs.
Daniel Bradshaw, Joshua Bradshaw, and Ralph Bradshaw), but nevertheless concluded that the Offering was in the best interest of the Fund’s
Stockholders.

The Fund may, in the future and at its discretion,
choose to make additional rights offerings from time to time for a number of Shares and on terms which may or may not be similar to the
Offering. Any such future rights offerings will be made in accordance with the 1940 Act and the Securities Act. Under the laws of Maryland,
the state in which the Fund is incorporated, under certain circumstances, the Board is authorized to approve rights offerings without
obtaining Stockholder approval. The staff of the SEC has interpreted the 1940 Act as not requiring stockholder approval of a rights offering
at a price below the then current NAV so long as certain conditions are met, including a good faith determination by the fund’s
board of directors that such offering would result in a net benefit to the Fund’s existing stockholders.

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Use of Proceeds from Prior Rights Offerings.
Use of proceeds from the Prior Rights Offerings have been, and the use of proceeds from the current Offering and any future rights offerings,
may be used to maintain the Fund’s Distribution Policy by providing funding for future distributions, which may constitute a return
of its Stockholders’ capital.

<div align='center'>FINANCIAL HIGHLIGHTS</div>

Set forth below is, for each year indicated, per
share operating performance data for one share of the Fund’s common stock (“Share”), total investment return,
ratios to average net assets and other supplemental data. This information has been derived from the financial statements and market
price data for the Fund’s Shares. The financial highlights for the fiscal years ended December 31, 2022, 2023 and 2024 have
been audited by [●], the Fund’s independent registered public accounting firm. For each of the other
fiscal years presented, the financial data in the table has been audited by the Fund’s former independent registered public
accounting firm, whose