Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 80

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 80
---
.96 per Share, for a total offering of $11,812,869.

Repurchase of Shares

The Fund may, pursuant to Section 23 of the Investment
Company Act, purchase Shares on the open market from time to time, at such times, and in such amounts as may be deemed advantageous to
the Fund. Nothing herein shall be considered a commitment to purchase such Shares. The Fund had no repurchases during the year ended
December 31, 2024. No limit has been placed on the number of Shares to be repurchased by the Fund other than those imposed by federal
securities laws. All purchases will be made in accordance with federal securities laws, with Shares repurchased held in treasury for
future use by the Fund. In determining to repurchase Shares, the Board of Directors, in consultation with the Investment Adviser, will
consider such factors as the market price of the Shares, the net asset value of the Shares, the liquidity of the assets of the Fund,
effect on the Fund’s expenses, whether such transactions would impair the Fund’s status as a regulated investment company
or result in a failure to comply with applicable asset coverage requirements, general economic conditions and such other events or conditions,
which may have a material effect on the Fund’s ability to consummate such transactions.

Additional Provisions of the Charter and By-laws

A Director may be removed from office without cause,
at any time by a written instrument signed or adopted by a vote of the holders of at least a majority of the shares of the Fund that
are entitled to vote in the election of such Director. The Charter requires the favorable vote of the holders of at least 66 2/3% of
the outstanding shares of each class of the Fund, voting as a class, then entitled to vote to approve, adopt or authorize certain transactions
with 5%-or-greater holders of the Fund’s outstanding shares and their affiliates or associates, unless two-thirds of the Board
of Directors have approved by resolution a memorandum of understanding with such holders, in which case normal voting requirements would
be in effect. For purposes of these provisions, a 5%-or-greater holder of outstanding shares (a “Principal Stockholder”)
refers to any person who, whether directly or indirectly and whether alone or together with its affiliates and associates, beneficially
owns 5% or more of the outstanding shares of beneficial interest of the Fund. The transactions subject to these special approval requirements
are: (i) the merger or