Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 119

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 119
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 of perjury that it is a Non-U.S. Holder (and the applicable withholding agent does not have actual knowledge or reason
to know that the beneficial owner is a United States person as defined under the Code), or such owner otherwise establishes an exemption.

Under Treasury regulations, if a U.S. Holder recognizes
a loss on disposition of the Fund’s shares of $2 million or more for an individual stockholder or $10 million or more for a corporate
stockholder (excluding S corporations), the U.S. Holder generally must file with the IRS a disclosure statement on Form 8886 except to
the extent such losses are from assets that have a qualifying basis and meet certain other requirements. Direct stockholders of portfolio
securities are in many cases excepted from this reporting requirement, but under current guidance, stockholders of a regulated investment
company are not excepted. Future guidance may extend the current exception from this reporting requirement to stockholders of most or
all regulated investment companies. In addition, pursuant to recently enacted legislation, significant penalties may be imposed for the
failure to comply with the reporting requirements. The fact that a loss is reportable under these regulations does not affect the legal
determination of whether the taxpayer’s treatment of the loss is proper. Stockholders should consult their tax advisers to determine
the applicability of these regulations in light of their individual circumstances.

The foregoing discussion does not address the special
tax rules applicable to certain classes of investors, such as tax-exempt entities, foreign investors, insurance companies and financial
institutions. Stockholders should consult their own tax advisers with respect to special tax rules that may apply in their particular
situations, as well as the state, local, and, where applicable, foreign tax consequences of investing in the Fund.

The Fund will inform stockholders of the source and
tax status of all distributions after the close of each calendar year. The IRS currently requires that a RIC that has two or more classes
of stock allocate to each such class proportionate amounts of each type of its income (such as ordinary income, capital gains, dividends
qualifying for the dividends received deduction and qualified dividend income) based upon the percentage of total dividends paid out
of earnings or profits to each class for the tax year. Accordingly, if the Fund issues preferred shares in the future, the Fund intends
each year to allocate capital gain dividends, dividends qualifying for the dividends received deduction and dividends derived from qualified
dividend income, if any, between its common shares and preferred