Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 33

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 33
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 its pro rata portion of the ETF’s expenses, including advisory fees. These expenses are
in addition to the direct expenses of the Fund’s own operations.

Foreign Securities

The Fund may invest in foreign securities, including
direct investments in securities of foreign issuers that are traded on a U.S. securities exchange or over the counter and investments
in depository receipts (such as American depositary receipts (“ADRs”)), exchange-traded funds (“ETFs”) and other
closed-end investment companies that represent indirect interests in securities of foreign issuers. The Fund is not limited in the amount
of assets it may invest in such foreign securities. These investments involve risks not associated with investments in the United States,
including the risk of fluctuations in foreign currency exchange rates, unreliable and untimely information about the issuers and political
and economic instability. These risks could result in the Investment Adviser’s misjudging the value of certain securities or in
a significant loss in the value of those securities.

The value of foreign securities is affected by changes
in currency rates, foreign tax laws (including withholding tax), government policies (in this country or abroad), relations between nations
and trading, settlement, custodial and other operational risks. In addition, the costs of investing abroad are generally higher than
in the United States, and foreign securities markets may be less liquid, more volatile and less subject to governmental supervision than
markets in the United States. As an alternative to holding foreign traded securities, the Fund may invest in dollar-denominated securities
of foreign companies that trade on U.S. exchanges or in the U.S. over-the-counter market (including depositary receipts as described
below, which evidence ownership in underlying foreign securities), and ETFs as described below.

Because foreign companies are not subject to uniform
accounting, auditing and financial reporting standards, practices and requirements comparable to those applicable to U.S. companies,
there may be less publicly available information about a foreign company than about a domestic company. Volume and liquidity in most
foreign debt markets is less than in the United States and securities of some foreign companies are less liquid and more volatile than
securities of comparable U.S. companies. There is generally less government supervision and regulation of securities exchanges, broker
dealers and listed companies than in the United States. Mail service between the United States and foreign countries may be slower or
less reliable than within the United States, thus increasing the risk of delayed settlements of portfolio transactions or loss of certificates
for portfolio securities. Payment for