Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 68

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 68
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 the distribution percentage for the calendar year 2025 would remain at 21%, which was the same distribution percentage
used in 2024, which was then applied to the net asset value of the Fund at the end of October 2024 to determine the distribution amounts
for calendar year 2025. During 2025, the Board of Directors of the Fund will make a determination regarding the distribution percentage
for 2026 which will then be applied to the net asset value of the Fund at the end of October 2025 to determine the distribution amounts
for calendar year 2026. The distribution percentage is not a function of, nor is it related to, the investment return on the Fund’s
portfolio.

The Board of Directors reserves the right to change
the Distribution Policy from time to time.

<div align='center'>DIVIDEND REINVESTMENT PLAN</div>

The Fund operates a dividend reinvestment plan (the
“Plan”), administered by Equiniti Trust Company, LLC (the “Agent”), pursuant to which the Fund’s income
dividends or capital gains or other distributions (each, a “Distribution” and collectively, “Distributions”),
net of any applicable U.S. withholding tax, are reinvested in shares of the Fund.

Stockholders automatically participate in the Fund’s
Plan, unless and until an election is made to withdraw from the Plan on behalf of such participating Stockholder. Stockholders who do
not wish to have Distributions automatically reinvested should so notify the Agent at 48 Wall Street, 23rd Floor, New York, NY 10005.
Under the Plan, the Fund’s Distributions to Stockholders are reinvested in full and fractional shares as described below.

When the Fund declares a Distribution, the Agent,
on the Stockholder’s behalf, will (i) receive additional authorized shares from the Fund either newly issued or repurchased from
Stockholders by the Fund and held as treasury stock (“Newly Issued Shares”) or (ii) purchase outstanding shares on the open
market, on the NYSE American or elsewhere, with cash allocated to it by the Fund (“Open Market Purchases”).

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The method for determining the number of Newly Issued
Shares received when Distributions are reinvested will be determined by dividing the amount of the Distribution either by the Fund’s
last reported net asset value per share or by a price equal to the average closing price of the Fund over the five trading days preceding
the