Company: CLM
Filing Date: 2025-03-04
Form Type: N-CSR
Source: 0001398344-25-004655
Chunk: 1

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-03-04
Form: N-CSR
Chunk 1
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 5 |
| Schedule of Investments                                                      |  6 |
| Statement of Assets and Liabilities                                          | 12 |
| Statement of Operations                                                      | 13 |
| Statements of Changes in Net Assets                                          | 14 |
| Financial Highlights                                                         | 15 |
| Notes to Financial Statements                                                | 16 |
| Report of Independent Registered Public Accounting Firm                      | 21 |
| 2024 Tax Information                                                         | 22 |
| Additional Information Regarding the Fund’s Directors and Corporate Officers | 23 |
| Fund Investment Objectives, Policies and Risks                               | 25 |
| Description of Dividend Reinvestment Plan                                    | 34 |
| Proxy Voting and Portfolio Holdings Information                              | 36 |
| Summary of General Information                                               | 36 |
| Stockholder Information                                                      | 36 |

Letter to Stockholders

January 31, 2025

Dear Fellow Stockholders:

The following is the annual report for Cornerstone Strategic Investment Fund, Inc. (the “Fund”) for the year ended December 31, 2024. At the end of the year, the Fund’s net assets were $1,746.2 million and the Net Asset Value per share (“NAV”) was $7.03. The share price closed at $8.59. After reflecting the reinvestment of monthly distributions totaling $1.30 per share, the Fund achieved a total investment return at market value of 43.57% for the year ended December 31, 2024.

Economic and Market Summary

Positive macroeconomic indicators in 2024 included strong productivity growth, a softening yet resilient labor market, and effective Federal Reserve (the “Fed”) policies which responded to rising prices. Employment was a bright spot as employers added over two million jobs in 2024, which was less significant than the growth in 2023, but more than double the number expected by economists heading into the year. Roughly 75% of these new positions were concentrated in healthcare and social assistance, leisure and hospitality, and government. Later in the year, hiring broadened across service industries such as retail, professional and business services, information, and finance. Meanwhile, borrowing costs started to ease in 2024 as interest rates retreated from multiyear highs, reflecting the Fed’s first monetary easing campaign since 2020. The central bank announced three rate cuts in the second half of the year, dropping the federal funds rate 1.0% in total. At their December meeting, Fed officials surprised markets by projecting only two further