Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 64

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 64
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 Valuation Designee, shall determine in good faith to reflect its fair market value. Readily marketable securities not
listed on the NYSE American but listed on other domestic or foreign securities exchanges are valued in a like manner. Portfolio securities
traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined
as reflected on the consolidated tape at the close of the exchange representing the principal market for such securities. Securities
trading on the Nasdaq Stock Market, Inc. (“NASDAQ”) are valued at the NASDAQ Official Closing Price. Readily marketable securities
traded in the over-the counter market, including listed securities whose primary market is believed by the Investment Adviser to be over-the-counter,
are valued at the mean of the current bid and asked prices as reported by the NASDAQ or, in the case of securities not reported by the
NASDAQ or a comparable source, as the Investment Adviser, as the Valuation Designee, deems appropriate to reflect their fair market value.
Where securities are traded on more than one exchange and also over-the-counter, the securities will generally be valued using the quotations
the Investment Adviser, as the Valuation Designee, believes reflect most closely the value of such securities.

<div align='center'>DISTRIBUTION POLICY</div>

The Fund initiated a fixed, monthly distribution
to stockholders in 2002 which, with interim adjustments and extensive disclosure, continues to be a high-level managed distribution policy.
The Distribution Policy has been maintained through the historic economic volatility, increased regulatory scrutiny and challenging markets
of the intervening years.

During recent years, the Fund’s investments
made in accordance with its objective have failed to provide adequate income to meet the requirements of the Distribution Policy. Nevertheless,
the Board continues to believe that the Fund’s objective and strategy are complementary to the Fund’s commitment, through
the Distribution Policy, to provide regular distributions which increase liquidity and provide flexibility to individual Stockholders.
The Investment Adviser seeks to achieve net investment returns that exceed the amount of the Fund’s managed distributions, although
there is no guarantee that the Investment Adviser will be successful in this regard.

What are the features of the Distribution Policy?

The Distribution Policy provides a regular monthly
distribution to Stockholders that is adjusted through an annual resetting of the monthly distribution amount per share based on the Fund’s
net asset value on the last business day in October. The terms of the Distribution Policy have been reviewed and are approved at