Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 121

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 121
---
 the relevant taxable year and (2) the excess of the U.S. Holder’s
modified adjusted gross income for the taxable year over a certain threshold (which, in the case of individuals, will be between $125,000
and $250,000 depending on the individual’s circumstances). A U.S. Holder’s “net investment income” may generally
include portfolio income (such as interest and dividends), and income and net gains from an activity that is subject to certain passive
activity limitations, unless such income or net gains are derived in the ordinary course of the conduct of a trade or business (other
than a trade or business that consists of certain passive or trading activities). If you are a U.S. Holder that is an individual, estate
or trust, you should consult your tax advisors regarding the applicability of the net investment income tax to your ownership and disposition
of shares of the Fund.

Payments to Foreign Financial Institutions

Sections 1471 through 1474 of the Code (provisions
commonly referred to as “FATCA”), and Treasury regulations promulgated thereunder, generally provide that a 30% withholding
tax may be imposed on payments of U.S. source income, including U.S. source interest and dividends, to certain non-U.S. entities unless
such entities enter into an agreement with the IRS to disclose the name, address and taxpayer identification number of certain U.S. persons
that own, directly or indirectly, interests in such entities, as well as certain other information relating to such interests. While
withholding under FATCA would have also applied to payments of gross proceeds from the sale or other disposition of Shares on or after
January 1, 2019, proposed Treasury regulations eliminate FATCA withholding on payments of gross proceeds entirely. The preamble to these
proposed regulations indicates that taxpayers may rely on them pending their finalization. Non-U.S. Holders are encouraged to consult
with their own tax advisors regarding the possible implications and obligations of FATCA.

| B-24 |

STATE AND LOCAL TAXES

Stockholders should consult their own tax advisers
as to the state or local tax consequences of investing in the Fund.

THE FOREGOING SUMMARY OF U.S. FEDERAL INCOME TAX
CONSIDERATIONS IS FOR GENERAL INFORMATION ONLY AND IS NOT TAX ADVICE. IT DOES NOT DISCUSS ALL ASPECTS OF U.S. FEDERAL INCOME TAXATION
THAT MAY BE RELEVANT TO A STOCKHOLDER IN LIGHT OF ITS