Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 90

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 90
---
7. | Purchase or sell commodities                                                                                                           
 or real estate, except that the Fund may invest in securities secured by real estate or interests in real estate or in securities      
 issued by companies, including real estate investment trusts, that invest in real estate or interests in real estate, and may purchase 
 and sell forward contracts on foreign currencies to the extent permitted under applicable law.                                         |

| 8. | Make investments for the                                                             
 purpose of exercising control over, or management of, the issuers of any securities. |

| 9. | Make loans except insofar        
 as permitted under the 1940 Act. |

<div align='center'>NON-FUNDAMENTAL POLICIES</div>

The following policies of the Fund are non-fundamental
and may be changed by the Fund’s Board of Directors without stockholder vote. Under its non-fundamental restrictions, the Fund
may not:

| 1. | Invest in more than 3%                                   
 of any one investment company’s total outstanding stock. |

| 2. | Invest more than 15% of                              
 its assets in illiquid U.S. and non-U.S. securities. |

<div align='center'>MANAGEMENT</div>

The Board of Directors of the Fund (the “Board”)
has the responsibility for the overall management of the Fund, including general supervision and review of the Fund’s investment
activities and its conformity with Maryland law and the policies of the Fund. The Board elects the officers of the Fund, who are responsible
for administering the Fund’s day-to-day operations.

The Directors, including the Directors who are not
interested persons of the Fund, as that term is defined in the 1940 Act (“Independent Directors”), and executive officers
of the Fund, their ages and principal occupations during the past five years are set forth below.

| B-2 |

| INDEPENDENT  
 DIRECTORS    |                                                                             |              |                                                                                                                                      |             |                                          |
| NAME         
 AND          
 ADDRESS*     
 (BIRTHDATE)  | POSITION(S) HELD                                                            
 WITH FUND                                                                   | TERM OF      
 OFFICE AND   
 LENGTH OF    
 TIME SERVED  
 SINCE        | PRINCIPAL                                                                                                                            
 OCCUPATION(S)                                                                                                                        
 DURING PAST 5 YEARS                                                                                                                  |      NUMBER 
          OF 
  PORTFOLIOS 
     IN FUND 
   COMPLEX** 
 OVERSEEN BY 
    DIRECTOR | OTHER                                    
 DIRECTORSHIPS                            
 HELD BY