Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 11

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 11
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 that exceeds cost basis may be treated as capital gain. Stockholders are advised to consult their own tax advisers     
 with respect to the tax consequences of their investment in the Fund. The Fund may need to raise additional capital in order to maintain 
 the Distribution Policy.                                                                                                                 |

| 8 |

|                     | Management Risk. The Fund is subject                                                                                                       
 to management risk because it is an actively managed portfolio. The Fund’s successful pursuit of its investment objective depends          
 upon the Investment Adviser’s ability to find and exploit market inefficiencies with respect to undervalued securities. Such               
 situations occur infrequently and sporadically and may be difficult to predict and may not result in a favorable pricing opportunity       
 that allows the Investment Adviser to fulfill the Fund’s investment objective. The Investment Adviser’s security selections                
 and other investment decisions might produce losses or cause the Fund to underperform when compared to other funds with similar investment 
 goals. If one or more key individuals leave the employ of the Investment Adviser, the Investment Adviser may not be able to hire           
 qualified replacements or may require an extended time to do so. This could prevent the Fund from achieving its investment objective.      
 The Investment Adviser may also benefit from the Offering because its fee is based on the assets of the Fund, which could be perceived     
 as a conflict of interest.                                                                                                                 
 Other Investment Company Securities Risk.                                                                                                  
 The Fund may invest in the securities of other closed-end investment companies and in ETFs. Investing in other investment                  
 companies and ETFs involves substantially the same risks as investing directly in the underlying instruments, but the total return         
 on such investments at the investment company level may be reduced by the operating expenses and fees of such other investment companies,  
 including advisory fees. To the extent the Fund invests a portion of its assets in investment company securities, those assets will        
 be subject to the risks of the purchased investment company’s portfolio securities, and a Stockholder in the Fund will bear                
 not only his proportionate share of the expenses of the Fund, but also, indirectly the expenses of the purchased investment company.       
 There can be no assurance that the investment objective of any investment company or ETF in which the Fund invests will be achieved.       |
| Managed             
 Distribution Policy | Effective                                                                                                                                  
 June 25, 2002, the Fund initiated a fixed monthly distribution to Stockholders. On November 29, 2006, the Distribution Policy was          
 updated to provide for the annual resetting of the monthly distribution amount per share based