Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 123

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 123
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ant:

| Title of Class                 |      Number of 
 Record Holders |
| Common Stock, par value $0.001 |            231 |

Item 30. Indemnification

Section 2-418 of the Maryland
General Corporation Law and Article X of the Registrant’s By-laws (incorporated by reference to Exhibit 2(b) to this Registration
Statement) provide for indemnification of directors and officers of the Registrant, and employees and agents of the Registrant as determined
by the Board of Directors. The Investment Management Agreement (incorporated by reference to Exhibit 2(g) to this Registration Statement)
provides for indemnification of Cornerstone Advisors, LLC, the Fund’s investment adviser. The Registrant has entered into an indemnification
agreement with each of the directors in connection with their agreement to serve on the Registrant’s Board of Directors.
The Registrant’s directors and officers are insured under a standard investment company errors and omissions insurance policy covering
loss incurred by reason of negligent errors and omissions committed in their official capacities.

Insofar as indemnification
for liability arising under the Securities Act of 1933, as amended (the “Act”) may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication
of such issue.

Item 31. Business and Other Connections of Investment Adviser

Cornerstone Advisors, LLC manages
one other closed-end fund. A description of any other business, profession, vocation, or employment of a substantial nature in which the
investment adviser, and each director, executive officer or partner of the investment adviser is or has been during the past