Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 57

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 57
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 the term of the loan would be borne by the Fund and would adversely affect the Fund’s performance. Also, there may
be delays in recovery, or no recovery, of securities loaned or even a loss of rights in the collateral should the borrower of the securities
fail financially while the loan is outstanding. The Fund retains the right to recall securities that it lends to enable it to vote such
securities if it determines such vote to be material. Despite its right to recall securities lent, there can be no guarantee that recalled
securities will be received timely to enable the Fund to vote those securities. The Fund does not anticipate having any securities lending
income during the current calendar year.

<div align='center'>LISTING OF SHARES</div>

The Fund’s Shares trade on the NYSE American
under the ticker symbol “CLM,” and are required to meet the NYSE American’s continued listing requirements.

<div align='center'>MANAGEMENT OF THE FUND</div>

Directors and Officers

The Board of Directors is responsible for the overall
management of the Fund, including supervision of the duties performed by the Investment Adviser. There are [ten] Directors of the Fund,
three of whom are “interested persons” (as defined in the 1940 Act) of the Fund. The Directors are responsible for the Fund’s
overall management, including adopting the investment and other policies of the Fund, electing and replacing officers and selecting and
supervising the Fund’s Investment Adviser. The name and business address of the Directors and officers of the Fund and their principal
occupations and other affiliations during the past five years, as well as a description of committees of the Board of Directors, are
set forth under “Management” in the Statement of Additional Information.

| 37 |

Investment Adviser

Cornerstone Advisors, LLC (the “Investment
Adviser”), 1075 Hendersonville Road, Suite 250, Asheville, North Carolina 28803, is a limited liability company organized under
the laws of North Carolina and serves as the Fund’s investment adviser. The Investment Adviser is registered with the SEC as an
investment adviser under the Investment Advisers Act of 1940, as amended. The Investment Adviser manages one other closed-end fund with
combined assets under management with the Fund of approximately $2.5 billion, as of December 31, 2024.

Under the general supervision of the Fund’s
Board of Directors, the Investment Adviser carries out the investment