EX-99.77C VOTES 3 ex77c.htm SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS ex77c.htm
 
SUB-ITEM 77C:    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On July 20, 2010, the Annual Meeting of Stockholders of Cornerstone Strategic Value Fund, Inc. (the “Fund”) was held to (1) re-elect two Class III Directors until the 2013 Annual Meeting and (2) consider and vote upon an advisory proposal from the Board of Directors regarding the Fund’s Managed Distribution Plan.  The record date for the Annual Meeting was June 1, 2010, at which time there were 7,014,951 shares of common stock of the Fund outstanding.

(1)
The stockholders of the Fund voted to re-elect each nominee as Director.  The votes cast with respect to each nominee were as follows:

     
Number of Shares
 
Name of Class III Director
  
Affirmative
  
Withhold
 
Glenn W. Wilcox, Sr.
  
5,716,871
  
269,674
 
Andrew A. Strauss
  
5,731,909
  
254,637

(2)
The results of the vote on the advisory proposal regarding the Fund’s Managed Distribution Plan were as follows:

     
Number of Shares
     
For
  
Abstain
(a)
No Managed Distribution Plan
  
221,354
  
510,331
(b)
A Low-Level Managed Distribution Plan
  
244,523
  
504,999
(c)
A High-Level Managed Distribution Plan
  
557,666
  
370,018