Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 118

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 118
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 be distributed even when the Fund’s
net asset value also reflects unrealized losses. Certain distributions declared in October, November or December and paid in the following
January will be taxed to stockholders as if received on December 31 of the year in which they were declared. In addition, certain other
distributions made after the close of a taxable year of the Fund may be “spilled back” and treated as paid by the Fund (except
for purposes of the 4% excise tax) during such taxable year. In such case, stockholders will nevertheless be treated as having received
such dividends in the taxable year in which the distributions were actually made.

| B-22 |

Information Reporting and Backup Withholding

Generally, information reporting requirements will
apply to distributions on our common shares or proceeds on the disposition of our common shares or warrants paid within the U.S. (and,
in certain cases, outside the U.S.) to U.S. Holders. Such payments will generally be subject to backup withholding tax at the rate of
24% if: (a) a U.S. Holder fails to furnish such U.S. Holder’s correct U.S. taxpayer identification number to the payor (generally
on Form W-9), as required by the Code and Treasury Regulations, (b) the IRS notifies the payor that the U.S. Holder’s taxpayer
identification number is incorrect, (c) a U.S. Holder is notified by the IRS that it has previously failed to properly report interest
and dividend income, or (d) a U.S. Holder fails to certify, under penalty of perjury, that such U.S. Holder has furnished its correct
U.S. taxpayer identification number. However, certain exempt persons generally are excluded from these information reporting and backup
withholding rules. A Non-U.S. Holder will not be subject to backup withholding on dividends paid to such Non-U.S. Holder as long as such
Non-U.S. Holder certifies under penalty of perjury (generally on the applicable IRS Form W-8) that it is a Non-U.S. Holder (and the applicable
withholding agent does not have actual knowledge or reason to know that such Non-U.S. Holder is a United States person as defined under
the Code), or such Non-U.S. Holder otherwise establishes an exemption.

Depending on the circumstances, information reporting
and backup withholding may apply to the proceeds received from a sale or other disposition of shares unless the beneficial owner certifies
under penalty