Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 116

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 116
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 purposes of the 4% excise tax) during such taxable year. In such case, stockholders will nevertheless be treated as having received
such dividends in the taxable year in which the distributions were actually made.

Information Reporting and Backup Withholding

Generally, information reporting requirements
will apply to distributions on our common shares or proceeds on the disposition of our common shares or warrants paid within the U.S.
(and, in certain cases, outside the U.S.) to U.S. Holders. Such payments will generally be subject to backup withholding tax at the rate
of 24% if: (a) a U.S. Holder fails to furnish such U.S. Holder’s correct U.S. taxpayer identification number to the payor (generally
on Form W-9), as required by the Code and Treasury Regulations, (b) the IRS notifies the payor that the U.S. Holder’s taxpayer identification
number is incorrect, (c) a U.S. Holder is notified by the IRS that it has previously failed to properly report interest and dividend income,
or (d) a U.S. Holder fails to certify, under penalty of perjury, that such U.S. Holder has furnished its correct U.S. taxpayer identification
number. However, certain exempt persons generally are excluded from these information reporting and backup withholding rules. A Non-U.S.
Holder will not be subject to backup withholding on dividends paid to such Non-U.S. Holder as long as such Non-U.S. Holder certifies under
penalty of perjury (generally on the applicable IRS Form W-8) that it is a Non-U.S. Holder (and the applicable withholding agent does
not have actual knowledge or reason to know that such Non-U.S. Holder is a United States person as defined under the Code), or such Non-U.S.
Holder otherwise establishes an exemption. Depending on the circumstances, information reporting and backup withholding may apply to the
proceeds received from a sale or other disposition of shares unless the beneficial owner certifies under penalty of perjury that it is
a Non-U.S. Holder (and the applicable withholding agent does not have actual knowledge or reason to know that the beneficial owner is
a United States person as defined under the Code), or such owner otherwise establishes an exemption.

Under Treasury regulations, if a U.S. Holder
recognizes a loss on disposition of the Fund’s shares of $2 million or more for an individual stockholder or $10 million or more
for a corporate stockholder (excluding S