Company: CLM
Filing Date: 2025-03-04
Form Type: N-CSR
Source: 0001398344-25-004655
Chunk: 4

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-03-04
Form: N-CSR
Chunk 4
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 considering.

Outlook

The U.S. political environment has led to significant uncertainty about the future of the stock market. With the conclusion of the November elections, stocks jumped, boosted by expectations that businesses would profit from lower taxes and more lax regulations. However, some suggested policy changes may prove to be inflationary. Recession fears have faded as some of the risks that had worried markets failed to materialize. Consumer sentiment has remained positive, but consumers excess savings built up during the pandemic period are running low. Although technology stocks played an outsized role in stock market performance last year, other sectors could benefit from less regulation and pro-growth fiscal policies. We believe many factors

| 2 |

Letter to Stockholders(concluded)

suggest a bullish outlook for 2025. However, with a new presidential administration assuming office, the investment landscape could shift in unpredictable ways. Bull markets are never permanent, and transitions often bring a degree of uncertainty.

The Fund’s Board of Directors, its officers, and its investment adviser appreciate your ongoing support. We are all aware that investors have placed their trust in us. We know you have a choice, and we all remain committed to continuing to provide our service to you.

| Joshua G. Bradshaw 
 Portfolio Manager  | Daniel W. Bradshaw 
 Portfolio Manager  |

| 3 |

<div align='center'>Comparison of the Change in Value of a $10,000 Investment in
Cornerstone Strategic Investment Fund, Inc. at Market Value versus the S&P 500Index</div>

| Average Annual Total Returns                                    
 (for periods ended December 31, 2024)                           |        |         |          |
|:----------------------------------------------------------------|:-------|:--------|:---------|
|                                                                 | 1 Year | 5 Years | 10 Years |
| Cornerstone Strategic Investment Fund, Inc.  at Market Value(a) | 43.57% | 17.98%  | 14.99%   |
| S&P 500® Index(b)                                               | 25.02% | 14.53%  | 13.10%   |

| (a) | The Fund’s investment return at market value is based on the changes in market price of a share during the period and assumes reinvestment of dividends and distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment plan. Total investment return does not reflect brokerage commissions or the deduction of taxes a stockholder would pay on Fund distributions or the sale of Fund shares. |

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