Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 16

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 16
---
will not be listed for trading on the NYSE American, and there will not be any market for trading Rights. The Shares to be issued pursuant
to the Offering will be listed for trading on the NYSE American, subject to the NYSE American being officially notified of the issuance
of those Shares.

Purpose of the Offering. At a meeting
held on February 21, 2025, the Board considered, in addition to other factors, the success of the Prior Rights Offerings, and determined
that the current Offering was in the best interests of the Fund and its existing Stockholders to increase the assets of the Fund and
approved the current Offering. The primary reasons include:

| - | The Basic Subscription                                                                                                            
 will provide existing Stockholders an opportunity to purchase additional Shares at a price that is potentially below market value 
 without incurring any commission or transaction charges.                                                                          |

| - | Raising more cash will                                                                                                             
 better position the Fund to take advantage of investment opportunities that exist or may arise, however as has been the case with  
 Prior Rights Offerings, a portion of the increase in the Fund’s assets will also be used to maintain the Fund’s Distribution       
 Policy. Since the Fund adopted the Distribution Policy, the Fund’s investments have failed to provide adequate net income or       
 net capital gains to meet the requirements of the Fund’s Distribution Policy and the Fund has made return of capital distributions 
 to maintain its Distribution Policy.                                                                                               |

| - | Increasing the Fund’s                                                                                                                  
 assets will provide the Fund additional flexibility in maintaining the Fund’s Distribution Policy. The Distribution Policy             
 permits Stockholders to receive a predictable level of cash flow and some liquidity periodically with respect to their Shares without  
 having to sell Shares. Stockholders should be aware that: (i) for 2020, 2021, 2023 and 2024, a majority of the distributions that      
 the Fund made to its Stockholders consisted of a return of its Stockholders’ capital, and not of income or gains generated             
 from the Fund’s investment portfolio, and (ii) for 2022, substantially all of the distributions that the Fund made to its Stockholders 
 consisted of a return of its Stockholders’ capital, and not of income or gains generated from the Fund’s investment portfolio.         |

| - | Increasing Fund assets                                                                                                            
 may lower the Fund’s expenses as a proportion of net assets because the Fund’s fixed costs would be spread over a larger          
 asset base. There can be no assurance that by increasing the