Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 14

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 14
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4) | The example assumes that                                                                                                            
 the estimated “Other Expenses” set forth in the Annual Expenses table remain the same each year and that all dividends              
 and distributions are reinvested at net asset value. Actual expenses may be greater or less than those assumed. The example further 
 assumes that the Fund uses no leverage, as currently intended and the Fund does not intend to utilize any leverage within one year  
 from the effective date of this Registration Statement. Moreover, the Fund’s actual rate of return will vary and may be greater     
 or less than the hypothetical 5% annual return.                                                                                     |

The purpose of the above table is to help a Stockholder
understand the fees and expenses that such Stockholder would bear directly or indirectly. The example should not be considered a representation of actual future expenses. Actual expenses may be higher or lower than those shown.

<div align='center'>THE FUND</div>

The Fund is a diversified, closed-end management
investment company. The Fund was organized as a Maryland corporation on May 1, 1987. The Fund’s principal office is located c/o
Ultimus Fund Solutions, LLC at 225 Pictoria Drive, Suite 450, Cincinnati, OH 45246, and its telephone number is (866) 668-6558.

<div align='center'>THE OFFERING</div>

Terms of the Offering. The Fund is
issuing to Record Date Stockholders (i.e., Stockholders who hold Shares on the Record Date) non-transferable Rights to subscribe
for Shares. Each Record Date Stockholder is being issued one non-transferable Right for every one Share owned on the Record Date. The
Rights entitle a Record Date Stockholder to acquire one Share at the Subscription Price for every three Rights held. Fractional Shares
will not be issued upon the exercise of the Rights. Accordingly, the number of Rights to be issued to a Record Date Stockholder on the
Record Date will be rounded up to the nearest whole number of Rights evenly divisible by three. Rights may be exercised at any time during
the Subscription Period which commences on or about April 30, 2025 and ends at 5:00 p.m., New York City time, on May 16, 2025 unless
extended by the Fund. See “Expiration of the Offering.” The right to acquire one additional Share for every three Rights
held during the Subscription Period at the Subscription Price is hereinafter referred to as the “Basic Subscription.”

In addition to