Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 22

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 22
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 term
“Old Share” shall mean a currently outstanding Share with respect to which a Right is issued and the term “New Share”
shall mean a newly issued Share that Record Date Stockholders receive upon the exercise of their Rights.

For all Record Date Stockholders:

Neither the receipt nor the exercise of Rights by
a Record Date Stockholder will result in taxable income to such stockholder for federal income tax purposes regardless of whether or
not the stockholder makes the below-described election which is available under Section 307(b)(2) of the Code (a “Section 307(b)(2)
Election”).

If the fair market value of the Rights distributed
to all of the Record Date Stockholders is 15% or more of the total fair market value of all of the Fund’s outstanding Shares on
the date of distribution, or if a Record Date Stockholder makes a Section 307(b)(2) Election for the taxable year in which such Rights
were received, the Record Date Stockholder’s federal income tax basis in any Right received pursuant to the Offering for purposes
of determining gain or loss on a later sale or exercise of such Rights will be equal to a portion of the Record Date Stockholder’s
existing federal income tax basis in the related Old Share determined in the manner described below. If made, a Section 307(b)(2) Election
is irrevocable and effective with respect to all Rights received by a Record Date Stockholder. A Section 307(b)(2) Election is made by
attaching a statement to the Record Date Stockholder’s federal income tax return for the taxable year of the Record Date (which
is the same as the year as when the Rights were received). A Record Date Stockholder must retain a copy of the Section 307(b)(2) Election
and the tax return with which the Section 307(b)(2) Election was filed in order to substantiate the use of an allocated basis upon subsequent
disposition of the New Shares. Record Date Stockholders should carefully review the differing federal income tax consequences described
below before deciding whether or not to make a Section 307(b)(2) Election.

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For Record Date Stockholders When the Fair Market Value of Rights Distributed Equals or Exceeds 15% of the Total Fair Market Value of the Fund’s Shares or When Making a 307(b)(2) Election:

Lapse of Rights.If the fair market value
of rights distributed equals or exceeds 15% of the total fair market