Company: CLM
Filing Date: 2025-04-08
Form Type: CORRESP
Source: 0001398344-25-006798
Chunk: 0

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: CORRESP
Chunk 0
---
1271 Avenue of the Americas
|New York, NY 10020

blankrome.com

<div align='center'>April 8, 2025</div>

FILED VIA EDGAR CORRESPONDENCE

Division of Investment Management

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549-4720

| Attn: | Ms. Lisa Larkin |

Ms. Megan Miller

| Re: | Cornerstone Strategic Investment Fund, Inc. 
 Registration Statement on Form N-2          
 File Numbers: 333-285138 and 811-05150      |

Dear Ms. Lisa Larkin & Ms. Megan Miller:

On behalf of Cornerstone Strategic
Investment Fund, Inc. (the “Fund”), this letter is in response to the comments received telephonically on March 11, 2025 and
March 26, 2025 from the Staff of the U.S. Securities and Exchange Commission (the “Commission”) regarding the Fund’s
registration statement filed on Form N-2 on February 21, 2025 (the “Registration Statement”) under the Securities Act of 1933
as amended (the “1933 Act”) and the Investment Company Act of 1940, as amended (the “1940 Act”). The filing was
made for the purpose of registering non-transferable rights (“Rights”) to be issued to shareholders of the Fund to purchase
new shares of the Fund (“Shares”). We have set forth below, in bold face type, the text of the comment, followed by the Fund’s
responses. Where revisions to the Registration Statement (including the prospectus and statement of information contained therein) are
referenced in the Fund’s response, such revisions have been included in Pre-Effective Amendment No. 1 to the Registration Statement,
filed concurrently herewith.

| 1. | Please explain in correspondence the accounting treatment of the offering costs. Include a reference to US GAAP in your response. |

: The Fund advises the Staff, on a supplemental
basis, that pursuant to FASB ASC 946-20-25-5, the Fund will record the expenses in connection with the rights offering as a reduction
of additional paid-in capital upon the sale of the shares in the rights offering.

April 8, 2025
Page 2

| 2. | Please add an example showing the extent of the dilutive effect of the offering when the Subscription Price is below the net