Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 52

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 52
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 securities, and a Stockholder in the Fund will bear not only his proportionate
share of the expenses of the Fund, but also, indirectly the expenses of the purchased investment company. There can be no assurance that
the investment objective of any investment company or ETF in which the Fund invests will be achieved.

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Although the Fund currently does not intend to use
financial leverage, the securities of other investment companies in which the Fund invests may be leveraged, which will subject the Fund
to the risks associated with the use of leverage. Such risks include, among other things, the likelihood of greater volatility of the
net asset value and market price of such shares; the risk that fluctuations in interest rates on the borrowings of such investment companies,
or in the dividend rates on preferred shares that they must pay, will cause the yield on the shares of such companies to fluctuate more
than the yield generated by unleveraged shares; and the effect of leverage in a declining market, which is likely to cause a greater
decline in the net asset value of such shares than if such companies did not use leverage, which may result in a greater decline in the
market price of such shares.

Non-Principal Risks

In addition to the principal risks set forth above,
the following additional risks may apply to an investment in the Fund.

Anti-Takeover Provisions.The Fund’s Charter and Bylaws include provisions that could limit the ability of other persons or entities to acquire control of the Fund or to cause it to engage in certain transactions or to modify its structure.

Convertible Securities Risk.The value of a convertible security, including, for example, a warrant, is a function of its “investment value” (determined by its yield in comparison with the yields of other securities of comparable maturity and quality that do not have a conversion privilege) and its “conversion value” (the security’s worth, at market value, if converted into the underlying common stock). The investment value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors may also have an effect on the convertible security’s investment value. The conversion value of a convertible security is determined by the market price of the underlying common stock. If the conversion value is low relative to the investment value, the price of the convertible security is governed principally by its investment value. Generally, the conversion value decreases as the convertible security approaches maturity. To the extent