Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 87

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 87
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 and uncertainties in the “Risk Factors” section in the prospectus. The forward-looking
statements contained in this SAI are based on information available to the Fund on the date of this SAI, and the Fund assumes no obligation
to update any such forward-looking statements, except as required by law.

<div align='center'>INVESTMENT RESTRICTIONS</div>

The Fund has adopted certain fundamental investment
restrictions that may not be changed without the prior approval of the holders of a majority of the Fund’s outstanding voting securities.
For purposes of the restrictions listed below, all percentage limitations, with the exception of the percentage limitation listed in 2
below, apply immediately after a purchase or initial investment, and any subsequent change in any applicable percentage resulting from
market fluctuations does not require elimination of any security from the Fund’s portfolio. Fund policies which are not fundamental
may be modified by the Board of Directors if, in the reasonable exercise of the Board’s business judgment, modification is determined
to be necessary or appropriate to carry out the Fund’s objective. Under its fundamental restrictions, the Fund may not:

| 1. | With respect to 75% of its total assets, purchase a security, other than securities issued or guaranteed by the U.S. Government or securities of other regulated investment companies, if as a result of such purchase, more than 5% of the value of that Fund’s total assets would be invested in the securities of any one issuer, or that Fund would own more than 10% of the voting securities of any one issuer. |

| 2. | Invest 25% or more of the total value of its assets in a single industry. This restriction does not apply to investments in United States Government securities. |

<div align='center'>B-1</div>

| 3. | Issue senior securities, borrow or pledge its assets, except that the Fund may borrow from a bank for temporary or emergency purposes or for the clearance of transactions in amounts not exceeding 10% (taken at the lower of cost or current value) of its total assets (not including the amount borrowed) and may also pledge its assets to secure such borrowings. Additional investments will not be made when borrowings exceed 5% of the Fund’s assets. |

| 4. | Make short sales of securities or maintain a short position in any security. |

| 5. | Purchase securities on margin, except such short-term credits as may be necessary or routine for the clearance or settlement of transactions and the maintenance