Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 13

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 13
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icipating Stockholders          
 will receive an increase in their net asset value, so long as the number of Shares issued to participating Stockholders is not materially 
 less than a full exercise of the Basic Subscription amount. Historically, all Prior Rights Offerings have been anti-dilutive with         
 respect to the net asset value per share. Stockholders have exercised not only the basic subscription but also a significant percentage   
 of the additional subscription shares offered. The Offering is expected to be dilutive with respect to Stockholder’s voting               
 percentages because Stockholders electing not to participate in the Offering will own a smaller percentage of the total number of         
 shares outstanding after the completion of the Offering.                                                                                  |

Board Considerations in Approving the Offering.
At a meeting held on February 21, 2025, the Board considered the approval of the Offering. In considering whether or not to approve the
Offering, the Board relied on materials and information prepared and presented by the Fund’s management at such meeting and discussions
at that time. Based on such materials and their deliberations at this meeting, the Board determined that it would be in the best interests
of the Fund and its Stockholders to conduct the Offering in order to increase the assets of the Fund available for current and future
investment opportunities. In making its determination, the Board considered the various factors set forth in “The Offering –
Purpose of the Offering”. The Board also considered a number of other factors, including the success of the 2010 Offering, the
2011 Offering, the 2012 Offering, the 2013 Offering, the 2016 Offering, the 2017 Offering, the 2018 Offering, the 2021 Offering, and
the 2022 Offering (collectively, the “Prior Rights Offerings”) and that the Prior Rights Offerings were anti-dilutive to
Stockholders with respect to value, the ability of the Investment Adviser to invest the proceeds of the Offering, the Fund’s assets,
including those resulting from Prior Rights Offerings, have been used to maintain the Fund’s Distribution Policy because a portion
of the assets raised in the rights offering may be utilized to maintain monthly distributions and the potential effect of the Offering
on the Fund’s stock price and adherence to the terms of the Fund’s exemptive relief, which restricts a public offering of
its common stock. The Board considered that, during the course of each of the Prior Rights Offerings, the Fund’s market price declined,
however the Board noted that the