SEC Company Response from Cornerstone Strategic Investment Fund, Inc. (CLM) (CIK 0000814083) (CLM) — Nov 17, 2011
Cornerstone Strategic Investment Fund, Inc. (CLM) (CIK 0000814083)
Date: Nov. 17, 2011 · CIK: 0000814083 · Accession: 0001398344-11-002692
AI Filing Summary & Sentiment
File numbers found in text: 333-175201, 811-05150
Letter
Division of Investment Management Securities and Exchange Commission Washington, DC 20549-4720 Re: Cornerstone Strategic Value Fund, Inc. (the “Fund”) SEC File Numbers: 333-175201 and 811-05150
Dear Mr. Rupert:
On behalf of the Fund, and pursuant to Rule 461 under the Securities Act of 1933, as amended, we hereby request that the effective date of the Fund’s registration statement on Form N-2 filed on June 28, 2011 and amended on November 14, 2011 and November 15, 2011 (the “Registration Statement) be accelerated so that the Registration Statement will become effective on Friday, November 18, 2011 (the “Effective Date”), or as soon thereafter as practicable.
Our client has selected the Effective Date to provide the Fund sufficient time to commence and conclude the offering during its current fiscal year and within the conditions of its exemptive relief related to its managed distribution plan, as well as within the requirements of the NYSE Amex.
In connection with the foregoing acceleration request, the Trust acknowledges that:
● Should the Commission or its staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement;
● The action of the Commission or its staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Fund from its full responsibility for the accuracy and adequacy of the disclosure in the Registration Statement; and
One Logan Square 18th and Cherry Streets Philadelphia, PA 19103-6998
www.BlankRome.com
Delaware · Florida · Maryland · New Jersey · New York · Ohio · Pennsylvania · Washington, DC
Kevin Rupert
November 17, 2011
Page 2
● The Fund may not assert the action of the Commission or its staff in declaring the Registration Statement effective as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Should you have any questions or comments regarding the above, please phone me at (215) 569-5530. Thank you for your continued assistance.
Very truly yours,
/s/ Mary Stokes
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Phone:
215-569-5530
Fax:
215-832-5530
Email:
stokes@blankrome.com
November 17, 2011
BY EDGAR
Kevin Rupert
Division of Investment Management
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-4720
Re:
Cornerstone Strategic Value Fund, Inc. (the “Fund”)
SEC File Numbers: 333-175201 and 811-05150
Dear Mr. Rupert:
On behalf of the Fund, and pursuant to Rule 461 under the Securities Act of 1933, as amended, we hereby request that the effective date of the Fund’s registration statement on Form N-2 filed on June 28, 2011 and amended on November 14, 2011 and November 15, 2011 (the “Registration Statement) be accelerated so that the Registration Statement will become effective on Friday, November 18, 2011 (the “Effective Date”), or as soon thereafter as practicable.
Our client has selected the Effective Date to provide the Fund sufficient time to commence and conclude the offering during its current fiscal year and within the conditions of its exemptive relief related to its managed distribution plan, as well as within the requirements of the NYSE Amex.
In connection with the foregoing acceleration request, the Trust acknowledges that:
● Should the Commission or its staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement;
● The action of the Commission or its staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Fund from its full responsibility for the accuracy and adequacy of the disclosure in the Registration Statement; and
One Logan Square 18th and Cherry Streets Philadelphia, PA 19103-6998
www.BlankRome.com
Delaware · Florida · Maryland · New Jersey · New York · Ohio · Pennsylvania · Washington, DC
Kevin Rupert
November 17, 2011
Page 2
● The Fund may not assert the action of the Commission or its staff in declaring the Registration Statement effective as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Should you have any questions or comments regarding the above, please phone me at (215) 569-5530. Thank you for your continued assistance.
Very truly yours,
/s/ Mary Stokes
MARY STOKES