Company: CLM
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001398344-25-003662
Chunk: 11

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 11
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            $80,000 |
| Andrew A. Strauss  |           2001 |      $47,500 |            $85,000 |
| Daniel W. Bradshaw |           2022 |           $0 |                 $0 |
| Joshua G. Bradshaw |           2021 |           $0 |                 $0 |
| Ralph W. Bradshaw  |           1998 |           $0 |                 $0 |

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 an affiliate of Cornerstone Advisors, LLC. 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 of its affiliates. 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 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 W. Bradshaw, is an Interested Director and 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. In addition, Mr. Daniel W. Bradshaw is an Interested Director and is an Assistant Secretary of the Fund, Chief Investment Officer of the Investment Adviser and is an Assistant Secretary and a director of Cornerstone Total Return Fund, Inc. Mr. Joshua G. Bradshaw is an Interested Director and is an Assistant Secretary of the Fund, Chief Operating Officer of the Investment Adviser and is an Assistant Secretary and a director of Cornerstone Total Return Fund, Inc. The Board does not have a lead independent director.

The Board believes that its 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 interest that could arise from these relationships and other risks that the Fund may face. The Board further believes that its structure allows all of the Directors to participate in the full range of the Board’s oversight responsibilities.