Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 100

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 100
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 The Investment Management Agreement provides in substance that the Investment Adviser shall not be liable
for any action or failure to act in accordance with its duties thereunder in the absence of willful misfeasance, bad faith or gross negligence
on the part of the Investment Adviser or of reckless disregard of its obligations thereunder.

| B-14 |

ADMINISTRATIVE AND FUND ACCOUNTING SERVICES

Under the Administration and Fund Accounting Agreement,
Ultimus Fund Solution, LLC (“Ultimus”), located at 225 Pictoria Drive, Suite 450, Cincinnati, OH 45246, supplies executive,
administrative and regulatory services for the Fund. Brian J. Lutes, the Fund’s Treasurer, is a Senior Vice President, Fund Accounting
of Ultimus. Ultimus supervises the preparation of reports to stockholders for the Fund, reports to and filings with the Securities and
Exchange Commission and materials for meetings of the Board of Directors. For these services, the Fund pays Ultimus a base fee of $5,000
per month plus an asset based fee of 0.05% of the first $250 million of average daily net assets, 0.04% of such assets greater than $250
million to $1 billion, 0.03% of such assets greater than $1 billion to $2 billion and 0.02% of such assets in excess of $2 billion. For
the years 2022, 2023 and 2024, the Fund paid Ultimus $597,222, $645,400 and $709,799, respectively.

Information regarding the Fund’s custodian,
transfer agent and independent public accounting firm is contained in the Prospectus.

<div align='center'>PORTFOLIO MANAGERS</div>

Daniel W. Bradshaw, Joshua G. Bradshaw and Ralph
W. Bradshaw are the portfolio managers responsible for the day-to-day management of the Fund (the “Portfolio Managers”).
The following table shows the number of other accounts managed by each Portfolio Manager and the total assets in the accounts managed
within various categories as of December 31, 2024.

|                                 |           |                 |                 ADVISORY 
 FEE BASED ON PERFORMANCE |        |
| TYPE                            
 OF ACCOUNTS                     | NUMBER OF 
  ACCOUNTS |    TOTAL ASSETS 
 ($ IN MILLIONS) |                NUMBER OF 
                 ACCOUNTS |  TOTAL 
 ASSETS |
| Registered Investment Companies |         1 |          $779.8 |