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

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 21
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arrange for payment, by means of a certified or cashier’s check or money order.

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All questions concerning the timeliness, validity,
form and eligibility of any exercise of Rights will be determined by the Fund, whose determinations will be final and binding. The Fund
in its sole discretion may waive any defect or irregularity, or permit a defect or irregularity to be corrected within such time as it
may determine, or reject the purported exercise of any Right. If the Fund elects in its sole discretion to waive any defect or irregularity,
it may do so on a case-by-case basis which means that not all defects or irregularities may be waived, if at all, or waived in the same
manner as with other defects or irregularities. Subscriptions will not be deemed to have been received or accepted until all irregularities
have been waived or cured within such time as the Fund determines in its sole discretion. Neither the Fund nor the Subscription Agent
will be under any duty to give notification of any defect or irregularity in connection with the submission of Subscription Certificates
or incur any liability for failure to give such notification.

Delivery of the Shares. The Shares
purchased pursuant to the Basic Subscription will be delivered to subscribers in book-entry form as soon as practicable after the corresponding
Rights have been validly exercised and full payment for the Shares has been received and cleared. The Shares purchased pursuant to the
Additional Subscription Privilege will be delivered to subscribers in book-entry form as soon as practicable after the Expiration Date
(or Extended Expiration Date, as the case may be) and after all allocations have been conducted.

Federal Income Tax Consequences Associated with the Offering. The following is a general summary of the significant federal income tax consequences of the receipt of Rights
by a Record Date Stockholder and a subsequent lapse or exercise of such Rights. The discussion is based upon applicable provisions of
the Internal Revenue Code of 1986, as amended (the “Code”), the Treasury Regulations promulgated thereunder, and other authorities
currently in effect but does not address any state, local, or foreign tax consequences of the Offering. Each Stockholder should consult
its own tax advisor regarding specific questions as to federal, state, local, or foreign taxes. Each Stockholder should also review the
discussion of certain U.S. federal income tax considerations affecting it and the Fund set forth under “Certain Additional Material
United States Federal Income Tax Considerations.”

For purposes of the following discussion, the