Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 14

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 14
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 Fund continued at all times during the 2022 Offering and all of the time since the 2022 Offering’s
conclusion to sell at a premium to NAV, and the current market price, after adjusting for distributions, exceeded the level that it was
prior to the 2021 Offering. When considering the potential effect of the Offering on the Fund’s stock price, the Board took into
account the 2022 Offering, including the positive impact it had on the Fund’s net asset value per share and the short-term price
effect. The Board concluded that the impact on the Fund’s price was uncertain and, regardless of the potential impact, the Offering
was in the best interests of the Stockholders. As a result of these considerations, the Board determined that it was appropriate and
in the best interest of the Fund and its Stockholders to proceed with the Offering, while continuing with the Distribution Policy.

At a meeting held on February 21, 2025, the Board
voted to approve the terms of the Offering. Three of the Fund’s Directors who voted to authorize the Offering are affiliated with
the Investment Adviser and, therefore, could benefit indirectly from the Offering. The remaining directors are not “interested
persons” of the Fund within the meaning of the 1940 Act. The Investment Adviser may also benefit from the Offering because its
fee is based on the assets of the Fund. It is not possible to state precisely the amount of additional compensation the Investment Adviser
might receive as a result of the Offering because it is not known how many Shares will be subscribed for and the proceeds of the Offering
will be invested in additional portfolio securities, which will fluctuate in value. It is likely that affiliates of the Investment Adviser
who are also Stockholders will participate in the Offering and, accordingly, will receive the same benefits of acquiring Shares as other
Stockholders.

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There can be no assurance that the Fund or its Stockholders
will achieve any of the foregoing objectives or benefits through the Offering.

The Fund may, in the future, choose to make additional
rights offerings from time to time for a number of Shares and on terms that may or may not be similar to the Offering. Any such future
rights offerings will be made in accordance with the then applicable requirements of the 1940 Act and the Securities Act.

Notice of NAV Decline. If the Shares
begin to trade at a discount, the Board may make a determination whether to discontinue the Offering, provided that