Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 6

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 6
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 the heading “Risk Factors.”

A 1-for-4 reverse stock split (the “Reverse
Stock Split”) was announced on October 14, 2014 and became effective on December 29, 2014. All share and per share amounts in this
prospectus prior to December 29, 2014 have been adjusted to reflect this Reverse Stock Split.

| The      
 Fund     | Cornerstone                                                                                                                             
 Strategic Investment Fund, Inc. is a diversified, closed-end management investment company. It was incorporated in Maryland on May      
 1, 1987 and commenced investment operations on June 30, 1987. The Fund’s Shares are traded on the NYSE American under the ticker        
 symbol “CLM”. As of March 31, 2025, the Fund had 252,756,986 Shares issued and outstanding.                                             |
| The      
 Offering | The Fund is issuing non-transferable rights (“Rights”)                                                                                  
 to its Stockholders as of the close of business on April 21, 2025 (the “Record Date”) which Rights will allow Stockholders              
 to subscribe for an aggregate of 84,252,329 Shares (the “Offering”). For every three (3) Rights a Stockholder receives,                 
 such Stockholder will be entitled to buy one (1) new Share at a subscription price equal to the greater of (i) 112% of NAV of the       
 Shares as calculated on the Expiration Date (or Extended Expiration Date, as the case may be) and (ii) 80% of the market price at       
 the close of trading on such date. Each Stockholder will receive one Right for each outstanding Share he or she owns on the Record      
 Date (the “Basic Subscription”). Fractional Shares will not be issued upon the exercise of the Rights. Accordingly, the                 
 number of Rights to be issued to a Stockholder as of the Record Date will be rounded up to the nearest whole number of Rights evenly    
 divisible by three. Stockholders as of the Record Date may purchase Shares not acquired by other Stockholders in this Rights offering,  
 subject to certain limitations discussed in this prospectus. Additionally, if there are not enough unsubscribed Shares to honor all     
 over-subscription requests, the Fund may, in its discretion, issue additional Shares up to 100% of the Shares available in the Offering 
 to honor additional subscription requests.                                                                                              
 Shares will be issued within the 15-day period                                                                                          
 immediately following the record date of the Fund