Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 34

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 34
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 the Fund’s
cash balances in any investments it deems appropriate. Such investments may include, without limitation and as permitted under the 1940
Act, money market funds, U.S. Treasury and U.S. agency securities, municipal bonds, repurchase agreements and bank accounts. Many of
the considerations entering into the Investment Adviser’s recommendations and the portfolio managers' decisions are subjective.

The Fund has no current intent to use leverage; however,
the Fund reserves the right to utilize limited leverage through issuing preferred shares. The Fund also may borrow money in amounts not
exceeding 10% of its total assets (including the amount borrowed) for temporary or emergency purposes, including the payment of dividends
and the settlement of securities transactions, which otherwise might require untimely dispositions of Fund securities. In addition, the
Fund may incur leverage through the use of investment management techniques (e.g., “uncovered” sales of put and call
options, futures contracts and options on futures contracts). In order to hedge against adverse market shifts and for non-hedging, speculative
purposes, the Fund may utilize up to 5% of its net assets to purchase put and call options on securities or stock indices.

Portfolio Investments

Common Stocks

The Fund will invest in common stocks. Common stocks
represent an ownership interest in an issuer. While offering greater potential for long-term growth, common stocks are more volatile
and more risky than some other forms of investment. Common stock prices fluctuate for many reasons, including adverse events, such as
an unfavorable earnings report, changes in investors’ perceptions of the financial condition of an issuer or the general condition
of the relevant stock market, or when political or economic events affecting the issuers occur. In addition, common stock prices may
be sensitive to rising interest rates as the costs of capital rise and borrowing costs increase.

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Other Closed-End Investment Companies

The Fund may invest without limitation in other closed-end
investment companies, provided that the Fund limits its investment in securities issued by other investment companies so that not more
than 3% of the outstanding voting stock of any one investment company will be owned by the Fund. There can be no assurance that the investment
objective of any investment company in which the Fund invests will be achieved. Closed-end investment companies are subject to the risks
of investing in the underlying securities. The Fund, as a holder of the securities of the closed-end investment company, will bear its
pro rata portion of the closed