Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 89

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 89
---
</div>

The Fund has adopted certain fundamental investment
restrictions that may not be changed without the prior approval of the holders of a majority of the Fund’s outstanding voting securities.
For purposes of the restrictions listed below, all percentage limitations, with the exception of the percentage limitation listed in
2 below, apply immediately after a purchase or initial investment, and any subsequent change in any applicable percentage resulting from
market fluctuations does not require elimination of any security from the Fund’s portfolio. Fund policies which are not fundamental
may be modified by the Board of Directors if, in the reasonable exercise of the Board’s business judgment, modification is determined
to be necessary or appropriate to carry out the Fund’s objective. Under its fundamental restrictions, the Fund may not:

| 1. | With respect to 75% of                                                                                                                    
 its total assets, purchase a security, other than securities issued or guaranteed by the U.S. Government or securities of other regulated 
 investment companies, if as a result of such purchase, more than 5% of the value of that Fund’s total assets would be invested            
 in the securities of any one issuer, or that Fund would own more than 10% of the voting securities of any one issuer.                     |

| 2. | Invest 25% or more of the                                                                                                              
 total value of its assets in a single industry. This restriction does not apply to investments in United States Government securities. |

| 3. | Issue senior securities,                                                                                                           
 borrow or pledge its assets, except that the Fund may borrow from a bank for temporary or emergency purposes or for the clearance  
 of transactions in amounts not exceeding 10% (taken at the lower of cost or current value) of its total assets (not including the  
 amount borrowed) and may also pledge its assets to secure such borrowings. Additional investments will not be made when borrowings 
 exceed 5% of the Fund’s assets.                                                                                                    |

| 4. | Make short sales of securities                
 or maintain a short position in any security. |

| 5. | Purchase securities on                                                                                                                    
 margin, except such short-term credits as may be necessary or routine for the clearance or settlement of transactions and the maintenance 
 of margin with respect to forward contracts or other hedging transactions.                                                                |

| 6. | Underwrite securities of                                                                                                   
 other issuers, except insofar as the Fund may be deemed an underwriter under the 1933 Act in selling portfolio securities. |

| B-1 |

|