Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 110

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 110
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IVE UNITED STATES FEDERAL INCOME TAX REFORM CURRENTLY BEING DISCUSSED BY THE UNITED STATES CONGRESS.

The discussion primarily describes the U.S. federal
income tax treatment of a U.S. Holder and, unless expressly provided, does not discuss the application of these rules to a Non-U.S. Holder.
A “U.S. Holder” means a beneficial owner of the Fund’s shares that is any of the following for U.S. federal income
tax purposes:

| ● | An individual who is a                                                                                                             
 citizen or resident of the United States or someone treated as a U.S. citizen for U.S. federal income tax purposes;                |
| ● | A                                                                                                                                  
 corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the   
 laws of the United States, any state thereof, or the District of Columbia;                                                         |
| ● | An                                                                                                                                 
 estate, the income of which is subject to U.S. federal income taxation regardless of its source; or                                |
| ● | A                                                                                                                                  
 trust if: (a) a U.S. court can exercise primary supervision over the trust’s administration and one or more U.S. persons are       
 authorized to control all substantial decisions of the trust, or (b) the trust was in existence on August 20, 1996 and has a valid 
 election in effect under applicable Treasury Regulations (as defined below) to be treated as a U.S. person.                        |

For purposes of this summary, the term “Non-U.S.
Holder” means a beneficial owner of the Fund’s shares that is not a U.S. Holder.

| B-18 |

In addition, the possible application of U.S. federal
estate or gift taxes or any aspect of state, local, or non-U.S. tax laws is not considered. This summary does not address all aspects
of U.S. federal income taxation that may be important to a particular U.S. Holder in light of its investment or tax circumstances or
to a U.S. Holder that is subject to special tax rules, including if the Stockholder is:

| ● | a                                                                                                                    
 dealer in securities or currencies;                                                                                  |
| ● | a                                                                                                                    
 financial institution;                                                                                               |
| ● | a                                                                                                                    
 regulated investment company;                                                                                        |
| ● | a                                                                                                                    
 real estate investment trust;                                                                                        |
| ● | an                                                                                                                   
 insurance company;                                                                                                   |
| ● | a