Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 81

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 81
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 tax law changes.

DESCRIPTION OF CAPITAL STRUCTURE

The Fund is a corporation established under the laws
of the State of Maryland upon the filing of its Charter on May 1, 1987. The Fund commenced investment operations on June 30, 1987. The
Fund intends to hold annual meetings of its Stockholders in compliance with the requirements of the NYSE American. As of March 31,
2025, the Fund had 252,756,986 Shares issued and outstanding.

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Common Stock

The Charter, which has been filed with the SEC, permits
the Fund to issue 800,000,000 shares of stock, with a par value of $0.001. Fractional shares are permitted. Each Share represents an
equal proportionate interest in the net assets of the Fund with each other Share. Holders of Shares will be entitled to the payment of dividends when declared by the Board of Directors. See “Distribution Policy.” Each whole Share shall be entitled to one vote as to matters on which it is entitled to vote pursuant to the terms of the Charter on file with the SEC. Upon liquidation of the Fund, after paying or adequately providing for the payment of all liabilities of the Fund, and upon receipt of such releases, indemnities and refunding agreements as they deem necessary for the protection of the Directors, the Board may distribute the remaining net assets of the Fund among its Stockholders. Shares are not liable to further calls or to assessment by the Fund. There are no pre-emptive rights associated with Shares.

The Fund has no present intention of offering additional
Shares, except as described herein in connection with the exercise of the Rights. Other offerings of its Shares, if made, will require
approval of the Board of Directors. Any additional offering will not be sold at a price per share below the then current net asset value
(exclusive of underwriting discounts and commissions) except in connection with an offering to existing Stockholders or with the consent
of a majority of the Fund’s outstanding Shares.

The Fund will not issue share certificates. The Fund’s
Transfer Agent will maintain an account for each Stockholder upon which the registration and transfer of Shares are recorded, and transfers
will be reflected by bookkeeping entry, without physical delivery. The Transfer Agent will require that a Stockholder provide requests
in writing, accompanied by a valid signature guarantee form, when changing certain information in an account such as wiring instructions
or telephone privileges.

Outstanding Securities

The following table sets forth certain information