Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 106

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 106
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 court can exercise primary supervision over the trust’s administration and one or more U.S. persons are       
 authorized to control all substantial decisions of the trust, or (b) the trust was in existence on August 20, 1996 and has a valid 
 election in effect under applicable Treasury Regulations (as defined below) to be treated as a U.S. person.                        |

For purposes of this summary, the term “Non-U.S.
Holder” means a beneficial owner of the Fund’s shares that is not a U.S. Holder.

| B-18 |

In addition, the possible application of U.S. federal
estate or gift taxes or any aspect of state, local, or non-U.S. tax laws is not considered. This summary does not address all aspects
of U.S. federal income taxation that may be important to a particular U.S. Holder in light of its investment or tax circumstances or
to a U.S. Holder that is subject to special tax rules, including if the Stockholder is:

| ● | a                                                                                                                    
 dealer in securities or currencies;                                                                                  |
| ● | a                                                                                                                    
 financial institution;                                                                                               |
| ● | a                                                                                                                    
 regulated investment company;                                                                                        |
| ● | a                                                                                                                    
 real estate investment trust;                                                                                        |
| ● | an                                                                                                                   
 insurance company;                                                                                                   |
| ● | a                                                                                                                    
 tax-exempt organization;                                                                                             |
| ● | a                                                                                                                    
 person holding shares as part of a hedging, integrated or conversion transaction, a constructive sale or a straddle; |
| ● | a                                                                                                                    
 trader in securities that has elected the mark-to-market method of accounting for its securities;                    |
| ● | a                                                                                                                    
 person liable for alternative minimum tax;                                                                           |
| ● | a                                                                                                                    
 partnership or other pass-through entity for U.S. federal income tax purposes; or                                    |
| ● | a                                                                                                                    
 U.S. Holder whose “functional currency” is not the U.S. dollar.                                                      |

If an entity treated as a partnership for U.S. federal
income tax purposes holds shares, the U.S. federal income tax treatment of a partner in the partnership will generally depend upon the
status of the partner and the activities of the partnership. A Stockholder that is a partnership and partners in such partnership should
consult their own tax advisors regarding the U.S. federal income tax consequences of holding and disposing of the shares.

Prospective U.S. Holders are urged to consult their