Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 104

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 104
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 Trust, a trust established on January 29, 2019. The trustees of the Cornerstone Trust include, but are not limited to, Messrs.
Ralph W. Bradshaw, Joshua G. Bradshaw and Daniel W. Bradshaw.

Under the general supervision of the Fund’s
Board of Directors, the Investment Adviser carries out the investment and reinvestment of the net assets of the Fund, continuously furnishes
an investment program with respect to the Fund, determines which securities should be purchased, sold or exchanged, and implements such
determinations. The Investment Adviser furnishes to the Fund investment advice and office facilities, equipment and personnel for servicing
the investments of the Fund.

The annual percentage rate and method used in computing
the investment advisory fee of the Fund is described in the Prospectus.

The Investment Management Agreement is terminable,
without penalty, on sixty days’ written notice, by a vote of the holders of a majority of the Fund’s outstanding shares,
by the Directors of the Fund or by the Investment Adviser. The Investment Management Agreement provides that it will automatically terminate
in the event of its assignment. The Investment Management Agreement provides in substance that the Investment Adviser shall not be liable
for any action or failure to act in accordance with its duties thereunder in the absence of willful misfeasance, bad faith or gross negligence
on the part of the Investment Adviser or of reckless disregard of its obligations thereunder.

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ADMINISTRATIVE AND FUND ACCOUNTING SERVICES

Under the Administration and Fund Accounting Agreement,
Ultimus Fund Solution, LLC (“Ultimus”), located at 225 Pictoria Drive, Suite 450, Cincinnati, OH 45246, supplies executive,
administrative and regulatory services for the Fund. Brian J. Lutes, the Fund’s Treasurer, is a Senior Vice President, Fund Accounting
of Ultimus. Ultimus supervises the preparation of reports to stockholders for the Fund, reports to and filings with the Securities and
Exchange Commission and materials for meetings of the Board of Directors. For these services, the Fund pays Ultimus a base fee of $5,000
per month plus an asset based fee of 0.05% of the first $250 million of average daily net assets, 0.04% of such assets greater than $250
million to $1 billion, 0.03% of such assets greater than $1 billion to $2 billion and 0.02% of such assets in excess of