Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 79

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 79
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 on its primary public website by the due date for filing Form 8937 with the IRS and such information is available on its
website (or any successor organization’s website) for 10 years.

As the Fund will generally not be able to determine
whether a distribution during the year will be out of its earnings and profits (and, therefore, whether such distribution should be treated
as a dividend or a ROC Distribution for these purposes) until the close of the tax year, the Fund does not intend to file Form 8937 until
after the end of the current calendar year. Based on the limited interpretive guidance currently available, the Fund believes that its
treatment of ROC Distributions and its current intended action regarding Form 8937 continue to be consistent with the requirements of
Form 8937, Section 6045B and the Treasury Regulations thereunder. The Fund intends to utilize its best efforts to determine the tax characterization
of the Fund’s distributions as soon as practicable following the close of the year and timely comply with the abovementioned Section
6045B requirements, to the extent applicable. The Fund and its management do not believe that the Fund will be subject to substantial
penalties if it utilizes its best efforts to determine the tax characteristics of its distributions as soon as practicable following
the close of the year to comply with Form 8937 and Section 6045B. The Fund may be subject to substantial penalties to the extent that
it fails to timely comply with its Section 6045B reporting obligations. Each Stockholder is urged to consult its own tax advisor regarding
the application of Section 6045B to its individual circumstances. A copy of the Fund’s most recently filed Form 8937 is available
on the Fund’s website, www.cornerstonestrategicinvestmentfund.com.

| 51 |

Net Investment Income Tax

A U.S. Holder (as defined in the Fund’s Statement
of Additional Information under the heading “Certain Material United States Federal Income Tax Consequences”) that is an
individual or estate, or a trust that does not fall into a special class of trusts that is exempt from such tax, will be subject to a
3.8% tax on the lesser of (1) the U.S. Holder’s “net investment income” for the relevant taxable year and (2) the excess
of the U.S. Holder’s modified adjusted gross income for the taxable year over a certain threshold (which, in the case of individuals,
will be between $