Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 116

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 116
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 a corporation,
a branch profits tax at a 30% rate (or lower rate provided in an applicable treaty). If the Non-U.S. Holder is subject to such U.S. income
tax on a distribution, then the Fund is not required to withhold U.S. federal tax if the Non-U.S. Holder complies with applicable certification
and disclosure requirements.

Special certification requirements apply to a Non-U.S.
Holder that is a foreign partnership or a foreign trust, and such entities are urged to consult their own tax advisors.

Section 871(k) of the Code provides certain “look-through”
treatment to Non-U.S. Holders, permitting interest-related dividends and short-term capital gains not to be subject to U.S. withholding
tax.

Special U.S. federal income tax rules will apply
to Non-U.S. Holders that hold shares in the Fund.

Non-U.S. Holders should consult their own tax advisors
to determine the U.S. federal, state, local and other tax consequences that may be relevant to them.

Net Investment Income Tax

A U.S. Holder 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 $125,000
and $250,000 depending on the individual’s circumstances). A U.S. Holder’s “net investment income” may generally
include portfolio income (such as interest and dividends), and income and net gains from an activity that is subject to certain passive
activity limitations, unless such income or net gains are derived in the ordinary course of the conduct of a trade or business (other
than a trade or business that consists of certain passive or trading activities). If you are a U.S. Holder that is an individual, estate
or trust, you should consult your tax advisors regarding the applicability of the net investment income tax to your ownership and disposition
of shares of the Fund.

Payments to Foreign Financial Institutions

Sections 1471 through 1474 of the Code (provisions
commonly referred to as “FATCA”), and Treasury regulations promulgated thereunder, generally provide that a 30%