Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 36

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 36
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 of missed payments. Other equity characteristics are their subordinated
position in an issuer’s capital structure and that their quality and value are heavily dependent on the profitability of the issuer
rather than on any legal claims to specific assets or cash flows.

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Distributions on preferred stock must be declared
by a board of directors and may be subject to deferral, and thus they may not be automatically payable. Income payments on preferred
stocks may be cumulative, causing dividends and distributions to accrue even if not declared by the company’s board or otherwise
made payable, or they may be non-cumulative, so that skipped dividends and distributions do not continue to accrue. There is no assurance
that dividends on preferred stocks in which the Fund invests will be declared or otherwise made payable. The Fund may invest in non-cumulative
preferred stock, although the Investment Adviser would consider, among other factors, their non-cumulative nature in making any decision
to purchase or sell such securities.

Shares of preferred stock have a liquidation value
that generally equals the original purchase price at the date of issuance. The market values of preferred stock may be affected by favorable
and unfavorable changes impacting the issuers’ industries or sectors, including companies in the utilities and financial services
sectors, which are prominent issuers of preferred stock. They may also be affected by actual and anticipated changes or ambiguities in
the tax status of the security and by actual and anticipated changes or ambiguities in tax laws, such as changes in corporate and individual
income tax rates, and in the dividends received deduction for corporate taxpayers or the lower rates applicable to certain dividends.

Because the claim on an issuer’s earnings represented
by preferred stock may become onerous when interest rates fall below the rate payable on the stock or for other reasons, the issuer may
redeem preferred stock, generally after an initial period of call protection in which the stock is not redeemable. Thus, in declining
interest rate environments in particular, the Fund’s holdings of higher dividend-paying preferred stocks may be reduced and the
Fund may be unable to acquire securities paying comparable rates with the redemption proceeds.

Other Securities

Although it has no current intention do so to any
material extent, the Investment Adviser may determine to invest the Fund’s assets in some or all of the following securities from
time to time.

Corporate Bonds, Government Debt Securities and Other Debt Securities

The Fund may invest in corporate bonds, debentures
and other debt securities, and in investment