Cornerstone Strategic Value Fund, Inc. Announces Completion

The subscription price for each newly issued share was determined to be $10.64 which, under the terms of the prospectus, was equal to the greater of (i) 107% of net asset value per share as calculated at the close of trading on the date of expiration of the Offering and (ii) 80% of the market price per share at such time.Based on preliminary results provided by the Fund's subscription agent, the Fund received requests for approximately $420 million of its shares.The subscription price is lower than the original estimated subscription price of $10.88. Newly issued shares will not be entitled to the Fund’s distribution to stockholders for the month of May 2021.Cornerstone Strategic Value Fund, Inc. is a closed-end, diversified management investment company and is registered with the U.S. Securities & Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended.Cornerstone Strategic Value Fund, Inc. is traded on the NYSE American under the trading symbol “CLM”.