Company: CLM
Filing Date: 2025-03-04
Form Type: N-CSR
Source: 0001398344-25-004655
Chunk: 10

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-03-04
Form: N-CSR
Chunk 10
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 derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (iii) yield to maturity with respect to debit issues, or a combination of these and other methods. Fair-value pricing is permitted if, in the Valuation Designee’s opinion, the validity of

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| Cornerstone Strategic Investment Fund, Inc. 
 Notes to Financial Statements (continued)   |

market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before the Fund’s NAV calculation that may affect a security’s value, or the Valuation Designee is aware of any other data that calls into question the reliability of market quotations.

The following is a summary of the Fund’s investments and the inputs used as of December 31, 2024, in valuing the investments carried at value:

| Valuation Inputs                              
 Level 1 – Quoted Prices                       |     | Investments   
 in Securities |               |     | Other        
 Financial    
 Instruments* |   |
|:----------------------------------------------|:----|:--------------|--------------:|:----|:-------------|:--|
| Equity Securities                             |     | $             | 1,736,249,150 |     | $            | — |
| Short-Term Investment                         |     |               |    10,775,666 |     |              | — |
| Level 2 – Other Significant Observable Inputs |     |               |             — |     |              | — |
| Level 3 – Significant Unobservable Inputs     |     |               |             — |     |              | — |
| Total                                         |     | $             | 1,747,024,816 |     | $            | — |

| * | Other financial instruments include futures, forwards and swap contracts, if any. |

The breakdown of the Fund’s investments into major categories is disclosed in its Schedule of Investments.

The Fund did not have any assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at December 31, 2024.

NOTE D. AGREEMENTS WITH AFFILIATES

At December 31, 2024, certain officers of the Fund are also officers of Cornerstone or Ultimus Fund Solutions, LLC (“Ultimus”). Such officers are paid no fees by the Fund for serving as officers of the Fund.

Investment Management Agreement

Cornerstone serves as the