Company: CLM
Filing Date: 2025-04-08
Form Type: CORRESP
Source: 0001398344-25-006798
Chunk: 1

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: CORRESP
Chunk 1
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 asset 
 value (NAV) on the pricing date.                                                                                                   |

: The Fund respectfully advises that the offering
will not be dilutive to NAV, as the formula used to calculate the Subscription Price provides that the Subscription Price will be at least
112% of the NAV on the pricing date. Including an example with an estimated Subscription Price below NAV would be misleading because it
is impossible for the Subscription Price to be below NAV based on the Subscription Price calculation. As such, the Fund declines to add
the requested example.

| 3. | Supplementally advise the factors considered in setting the amount of the premium to NAV and the discount to market price when 
 determining the subscription price calculation.                                                                                |

: The Fund supplementally advises that the predominant
factor considered when determining the Subscription Price calculation is the premium at which the Fund’s shares trade to NAV at
the time the calculation is determined.

Should you have any additional questions or comments
regarding this letter, please contact me at (212) 885-5205.

| Sincerely,             |
| /s/ Margaret M. Murphy 
 Margaret M. Murphy     |