Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 34

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 34
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 securities before delivery may be required. In addition, with respect to certain foreign countries,
there is the possibility of expropriation or confiscatory taxation, political or social instability, or diplomatic developments which
could affect investments in those countries. Moreover, individual foreign economies may differ favorably or unfavorably from the U.S.
economy in such respects as growth of gross national product, rate of inflation, capital reinvestment, resource self-sufficiency and
balance of payments position. Foreign securities markets, while growing in volume and sophistication, are generally not as developed
as those in the United States, and securities of some foreign issuers (particularly those located in developing countries) may be less
liquid and more volatile than securities of comparable U.S. companies.

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The Fund may purchase ADRs, international depositary
receipts (“IDRs”) and global depository receipts (“GDRs”) which are certificates evidencing ownership of shares
of foreign issuers and are alternatives to purchasing directly the underlying foreign securities in their national markets and currencies.
However, such depository receipts continue to be subject to many of the risks associated with investing directly in foreign securities.
These risks include foreign exchange risk as well as the political and economic risks associated with the underlying issuer’s country.
ADRs, IDRs and GDRs may be sponsored or unsponsored. Unsponsored receipts are established without the participation of the issuer. Unsponsored
receipts may involve higher expenses, they may not pass-through voting or other stockholder rights, and they may be less liquid. Less
information is normally available on unsponsored receipts.

Dividends paid on foreign securities may not qualify
for the reduced federal income tax rates applicable to qualified dividends under the Code. As a result, there can be no assurance as
to what portion of the Fund’s distributions attributable to foreign securities will be designated as qualified dividend income.
See “Certain Additional Material United States Federal Income Tax Considerations.”

Emerging Market Securities

The Fund may invest up to 5% of its net assets in
emerging market securities, although through its investments in ETFs, other investment companies or depository receipts that invest in
emerging market securities, up to 20% of the Fund’s assets may be invested indirectly in issuers located in emerging markets. The
risks of foreign investments described above apply to an even greater extent to investments in emerging markets. The securities markets
of emerging countries are generally smaller, less developed, less liquid, and more volatile than the securities