0001752724-24-051165.txt : 20240308 0001752724-24-051165.hdr.sgml : 20240308 20240308160447 ACCESSION NUMBER: 0001752724-24-051165 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240308 DATE AS OF CHANGE: 20240308 EFFECTIVENESS DATE: 20240308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE STRATEGIC VALUE FUND INC CENTRAL INDEX KEY: 0000814083 ORGANIZATION NAME: IRS NUMBER: 133407699 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-05150 FILM NUMBER: 24734275 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: (513) 587-3400 MAIL ADDRESS: STREET 1: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 FORMER COMPANY: FORMER CONFORMED NAME: CORNERSTONE STRATEGIC VALUE FUND INC/ NEW DATE OF NAME CHANGE: 20010503 FORMER COMPANY: FORMER CONFORMED NAME: CLEMENTE STRATEGIC VALUE FUND INC DATE OF NAME CHANGE: 19990622 FORMER COMPANY: FORMER CONFORMED NAME: CLEMENTE GLOBAL GROWTH FUND INC DATE OF NAME CHANGE: 19920703 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000814083 XXXXXXXX 811-05150 false false false N-2 Cornerstone Strategic Value Fund Inc 811-05150 0000814083 549300H6BMBD46PC0Z18 225 Pictoria Drive Suite 450 Cincinnati 45246-1617 US-OH US 513-587-3400 Ultimus Fund Solutions, LLC 225 Pictoria Drive Suite 450 Cincinnati 45246-1617 513-587-3400 Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder N N N N-2 Y Andrew A. Strauss N/A N Joshua G. Bradshaw 007076349 Y Marcia E. Malzahn N/A N Robert E. Dean N/A N Matthew W. Morris N/A N Ralph W. Bradshaw 002366278 Y Daniel W. Bradshaw 005944371 Y Scott B. Rogers N/A N Frank J. Maresca N/A N Rachel L. McNabb 006609491 1075 Hendersonville Road Suite 250 Asheville 28803 XXXXXX N N N N N N N N Cohen & Company, Ltd. 925 N/A N N N N N N Cornerstone Strategic Value Fund, Inc. 549300H6BMBD46PC0Z18 N N/A N N Y N N/A N/A N/A N/A N N N N Cornerstone Advisors, LLC 801-114872 000300891 N/A N Equiniti Trust Company, LLC 084-00416 254900TS5EWP83BEOU02 N N N Interactive Data Pricing and Reference Data LLC 801-55222 SEC File No. N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Equiniti Trust Company, LLC 254900TS5EWP83BEOU02 N/A N N N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Interactive Brokers LLC 008-47257 000036418 50OBSE5T5521O6SMZR28 43157.99 1569732643.32 Interactive Brokers LLC 008-47257 000036418 50OBSE5T5521O6SMZR28 410628.37 176826168.46 N 1504668275.63 Common stock Common N N N N N N 1.00 1.11 7.19 6.77 true INTERNAL CONTROL RPT 2 strategic_ncen.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Stockholders and Board of Directors of

Cornerstone Strategic Value Fund, Inc.

 

Opinion on the Financial Statements

 

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Cornerstone Strategic Value Fund, Inc. (the “Fund”) as of December 31, 2023, the related statement of operations for the year then ended, the statements of changes in net assets, the related notes, and the financial highlights for each of the two years in the period then ended (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of December 31, 2023, the results of its operations for the year then ended, the changes in net assets, and the financial highlights for each of the two years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

The Fund’s financial highlights for the years ended December 31, 2021, and prior, were audited by other auditors whose report dated February 23, 2022, expressed an unqualified opinion on those financial highlights.

 

Basis for Opinion

 

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement whether due to error or fraud.

 

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2023, by correspondence with the custodian and brokers. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

We have served as the Fund’s auditor since 2022.

 

/s/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.

Cleveland, Ohio

February 14, 2024