Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 15

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 15
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 the Basic Subscription, Record Date
Stockholders who exercise all of their Rights are entitled to subscribe for Shares which were not otherwise subscribed for by others
in the Basic Subscription (the “Additional Subscription Privilege”). If sufficient Shares are not available to honor all
requests under the Additional Subscription Privilege, the Fund may, in its discretion, issue additional Shares up to 100% of the Shares
available in the Offering (or 84,252,329 Shares for a total of 168,504,658 Shares) (the “Over-Subscription Shares”) to honor
additional subscription requests, with such Shares subject to the same terms and conditions of the Offering. See “Additional Subscription
Privilege” below. For purposes of determining the maximum number of Shares a Stockholder may acquire pursuant to the Offering,
broker- dealers whose Shares are held of record by any Nominee will be deemed to be the holders of the Rights that are issued to such
Nominee on their behalf. The term “Nominee” shall mean, collectively, CEDE & Company (“Cede”), as nominee
for the Depository Trust Company (“DTC”), or any other depository or nominee. Shares acquired pursuant to the Additional
Subscription Privilege are subject to allotment and will be distributed on a pro rata basis if allotment does not exist to fulfill all
requests, which is more fully discussed below under “Additional Subscription Privilege.”

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SHARES WILL BE ISSUED WITHIN THE 15-DAY PERIOD IMMEDIATELY
FOLLOWING THE RECORD DATE OF THE FUND’S MONTHLY DISTRIBUTION AND STOCKHOLDERS EXERCISING RIGHTS WILL NOT BE ENTITLED TO RECEIVE
SUCH DISTRIBUTION WITH RESPECT TO THE SHARES ISSUED PURSUANT TO SUCH EXERCISE.

Rights will be Evidenced by Subscription Certificates.
The number of Rights issued to each Record Date Stockholder will be stated on the Subscription Certificates delivered to the Record Date
Stockholder. The method by which Rights may be exercised and Shares paid for is set forth below in “Method of Exercising Rights”
and “Payment for Shares.” A RIGHTS HOLDER WILL HAVE NO RIGHT TO RESCIND A PURCHASE AFTER THE SUBSCRIPTION AGENT HAS RECEIVED
PAYMENT. See “Payment for Shares” below.

The Rights are non-transferable and may not be purchased
or sold. Rights will expire without residual value at the Expiration Date (or Extended Expiration Date, as the case may be). The Rights