Cornerstone Strategic Investment Fund, Inc. - CLM STOCK NEWS

Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have announced monthly distributions for 2023, maintaining a policy that reflects 21% of each fund's net asset value. CLM and CRF will distribute $0.1228 and $0.1173 per share, respectively, for January through March 2023. These distributions are not a reflection of investment returns and may include a return of capital, affecting the basis of shares. There are risks associated with these distributions, including potential declines in total assets if investment returns do not meet payout levels.

Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) announced monthly distributions as part of their ongoing distribution policy. Both funds will maintain a distribution percentage of 21% for 2023, unchanged from the prior year. Upcoming distributions are set at $0.1808 per share for CLM and $0.1734 for CRF from October through December 2022. The actual monthly distribution amounts for 2023 will be determined based on each Fund's net asset value at the end of October 2022.

Cornerstone Strategic Value Fund (NYSE American: CLM) successfully completed its one-for-three rights offering, which expired on June 10, 2022, with the offering being over-subscribed. Stockholders could purchase one newly issued share for every three rights held at a subscription price of $8.27, lower than the initial estimate of $10.09. The Fund received requests for approximately $783 million in shares and plans to issue newly subscribed shares by June 16, 2022. However, these shares will not be eligible for distributions in June.

Cornerstone Strategic Value Fund (NYSE American: CLM) has resumed its suspended rights offering effective May 23, 2022, extending the expiration date to June 10, 2022. This follows a decline in the fund's net asset value from $9.01 to $7.76. Stockholders will receive non-transferable rights to subscribe for 40,511,576 shares of common stock at a price determined by the higher of 112% of the net asset value or 65% of the market price on the expiration date. Subscription requests submitted prior to the suspension have been canceled, requiring new requests to participate.

The Cornerstone Strategic Value Fund (NYSE American: CLM) has announced the suspension of its Rights Offering due to a decline in net asset value exceeding 10%. The Fund's net asset value dropped from $9.01 on April 8, 2022, to $7.76 on May 13, 2022. Stockholders can cancel their rights exercise until the offering resumes, which will depend on favorable market conditions. There is no assurance the offering will resume.

Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) announced a rights offering set for record on April 18, 2022, providing stockholders with non-transferable rights to subscribe to 40,511,576 shares of common stock. For every three rights owned, stockholders can purchase one share at a price based on net asset value or market price. The subscription period opens post-record date and ends on May 20, 2022. No fractional shares will be issued, and those exercising rights will not receive the upcoming monthly distribution. The offering is subject to SEC approval.

Cornerstone Total Return Fund (NYSE American: CRF) announced a 1-for-3 rights offering for its stockholders, effective April 18, 2022. Stockholders will receive non-transferable rights to subscribe for up to 21,352,201 shares of common stock. Each holder will get one right per share owned. The subscription price will be determined based on either 112% of net asset value or 65% of the market price at expiration, whichever is greater. The subscription period ends on May 20, 2022, with shares issued within 15 days after the record date.

Cornerstone Strategic Value Fund (CLM) and Cornerstone Total Return Fund (CRF) have filed their annual reports on Form N-CSR with the SEC, detailing audited financial statements for the fiscal year ended December 31, 2021. These reports are accessible on their respective websites and available for free upon request. Both funds are closed-end diversified management companies registered under the Investment Company Act of 1940. Investors are reminded that past performance does not guarantee future results and that closed-end funds may trade at discounts to net asset value, carrying inherent market risks.