Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 73

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 73
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 per share.

All correspondence concerning the Plan should be
directed to Equiniti Trust Company, LLC, 48 Wall Street, 23rd Floor, New York, NY 10005. Certain transactions can be performed online
at www.equiniti.com or by calling the toll-free number (866) 668-6558.

<div align='center'>CERTAIN ADDITIONAL MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS</div>

The following is a summary discussion of certain
U.S. federal income tax consequences that may be relevant to a Stockholder that acquires, holds and/or disposes of the Fund’s Shares,
and reflects provisions of the Code, existing Treasury regulations, rulings published by the Internal Revenue Service (the “IRS”),
and other applicable authority, as of the date of this prospectus. These authorities are subject to change by legislative or administrative
action, possibly with retroactive effect. The following discussion is only a summary of some of the important tax considerations generally
applicable to investments in the Fund and the discussion set forth herein does not constitute tax advice. Except as expressly provided
below, this discussion addresses only the U.S. federal income tax consequences of an investment by U.S. Holders (as defined in the Statement
of Additional Information) and assumes that such Stockholders will hold Shares as capital assets, which generally means as property held
for investment. For more detailed information regarding tax considerations, see the Statement of Additional Information under the heading
“Certain Material United States Federal Income Tax Consequences.” There may be other tax considerations applicable to particular
investors. In addition, income earned through an investment in the Fund may be subject to state, local and foreign taxes.

Taxation as a Regulated Investment Company

The Fund intends to elect to be treated and to qualify
each year for taxation as a regulated investment company (a “RIC”) under Subchapter M of the Code. In order for the Fund
to qualify as a RIC, it must, among other requirements, meet income and asset diversification tests each year. If the Fund so qualifies
and satisfies certain distribution requirements, the Fund (but not its Stockholders) will not be subject to federal income tax to the
extent it distributes its investment company taxable income and net capital gains (the excess of net long-term capital gains over net
short-term capital loss) in a timely manner to its Stockholders in the form of dividends or capital gain distributions. The Code imposes
a 4% nond