Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 65

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 65
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 Fund and held as treasury stock (“Newly Issued Shares”) or (ii) purchase outstanding shares on the open
market, on the NYSE American or elsewhere, with cash allocated to it by the Fund (“Open Market Purchases”).

The method for determining the number of Newly Issued
Shares received when Distributions are reinvested will be determined by dividing the amount of the Distribution either by the Fund’s
last reported net asset value per share or by a price equal to the average closing price of the Fund over the five trading days preceding
the payment date of the Distribution, whichever is lower. However, if the last reported net asset value of the Fund’s shares is
higher than the average closing price of the Fund over the five trading days preceding the payment date of the Distribution (i.e.,
the Fund is selling at a discount), shares may be acquired by the Agent in Open Market Purchases and allocated to the reinvesting Stockholders
based on the average cost of such Open Market Purchases. Upon notice from the Fund, the Agent will receive the Distribution in cash and
will purchase shares of common stock in the open market, on the NYSE American or elsewhere, for the participants’ accounts, except
that the Agent will endeavor to terminate purchases in the open market and cause the Fund to issue the remaining shares if, following
the commencement of the purchases, the market value of the shares, including brokerage commissions, exceeds the net asset value at the
time of valuation. These remaining shares will be issued by the Fund at a price equal to the net asset value at the time of valuation.

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In a case where the Agent has terminated open market
purchases and caused the issuance of remaining shares by the Fund, the number of shares received by the participant in respect of the
cash dividend or Distribution will be based on the weighted average of prices paid for shares purchased in the open market, including
brokerage commissions, and the price at which the Fund issues the remaining shares. To the extent that the Agent is unable to terminate
purchases in the open market before the Agent has completed its purchases, or remaining shares cannot be issued by the Fund because the
Fund declared a dividend or Distribution payable only in cash, and the market price exceeds the net asset value of the shares, the average
share purchase price paid by the Agent may exceed the net asset value of the shares, resulting in the acquisition of fewer shares than
if the dividend or Distribution had been paid in shares issued by the Fund