Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 96

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 96
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       $85,000 |
| INTERESTED DIRECTORS     |              |                  |                 |               |
| Daniel W. Bradshaw       |           $0 | None             | None            |            $0 |
| Joshua G. Bradshaw       |           $0 | None             | None            |            $0 |
| Ralph W. Bradshaw        |           $0 | None             | None            |            $0 |

<div align='center'>B-10</div>

DIRECTOR TRANSACTIONS WITH FUND AFFILIATES

As of December 31, 2024, neither the Independent
Directors nor members of their immediate family owned securities beneficially or of record in Cornerstone Advisors, LLC, or any affiliate
thereof. Furthermore, over the past five years, neither the Independent Directors nor members of their immediate family have any direct
or indirect interest, the value of which exceeds $120,000, in Cornerstone Advisors, LLC or any affiliate thereof. In addition, since the
beginning of the last two fiscal years, neither the Independent Directors nor members of their immediate family have conducted any transactions
(or series of transactions) or maintained any direct or indirect relationship in which the amount involved exceeds $120,000 and to which
Cornerstone Advisors, LLC or any affiliate thereof, the Fund, an officer of the Fund, an investment company which the Cornerstone Advisors,
LLC advises or an officer thereof was a party.

BOARD COMPOSITION AND LEADERSHIP STRUCTURE

The Board consists of ten individuals,
three of whom are Interested Directors. The Chairman of the Board, Mr. Ralph Bradshaw, one of the Interested Directors, is the
President of the Fund, the President of the Investment Adviser, and is the President and a director of Cornerstone Total Return
Fund, Inc. Mr. Daniel Bradshaw, the second Interested Director, is Chief Investment Officer of the Investment Adviser. Mr. Joshua
Bradshaw, the third Interested Director, is Chief Executive Officer of the Investment Adviser. The Board
does not have a lead independent director because the Board believes that its structure is sufficient to ensure active participation
by all of its members and at the same time rely on the expertise and knowledge of Mr. Ralph Bradshaw as the Chairman of the
Board.

The Board believes that its leadership structure
facilitates the orderly and efficient flow of information to the Directors from the Investment Adviser and other service providers with
respect to services provided to the Fund, potential conflicts of