fp0010266_nq.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM N-Q
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-05150         
 
Cornerstone Strategic Value Fund, Inc.
(Exact name of registrant as specified in charter)
 
7 Dawson Street         Huntington Station, New York
11746
(Address of principal executive offices)
(Zip code)
 
Frank J. Maresca
                                                                                                  
AST Fund Solutions, LLC     7 Dawson Street
Huntington Station, NY 11746
(Name and address of agent for service)
 
Registrant's telephone number, including area code:  (866) 668-6558      
 
Date of fiscal year end:      December 31          
 
Date of reporting period:    March 31, 2014       

 
 
 

Item 1.  Schedule of Investments.
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2014 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
EQUITY SECURITIES - 98.76%
  
CLOSED-END FUNDS - 42.21%
  
CONVERTIBLE SECURITIES - 0.26%
  
AllianzGI Equity & Convertible Income Fund
     24,051     $ 467,792  
                 
CORE - 1.95%
  
Adams Express Company (The)
     45,300       587,994  
Advent/Claymore Enhanced Growth & Income Fund
     27,514       280,093  
Cohen & Steers Dividend Majors Fund, Inc.
     28,203       435,454  
General American Investors Company, Inc.
     33,741       1,188,695  
Guggenheim Equal Weight Enhanced Equity Income Fund
     17,573       330,724  
Tri-Continental Corporation
     33,275       668,162  
              3,491,122  
CORPORATE DEBT INVESTMENT GRADE-LEVERAGED - 0.41%
  
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund
     62,555       727,515  
                 
CORPORATE DEBT INVESTMENT GRADE-RATED - 0.41%
  
Federated Enhanced Treasury Income Fund
     27,859       379,718  
Invesco Van Kampen Bond Fund
     6,671       121,279  
Morgan Stanley Income Securities Inc.
     2,028       35,571  
Transamerica Income Shares, Inc.
     9,790       203,054  
              739,622  
DEVELOPED MARKET - 0.19%
  
Aberdeen Israel Fund, Inc.
     3,600       65,124  
Aberdeen Singapore Fund, Inc.
     22,517       280,765  
              345,889  
EMERGING MARKETS - 1.89%
  
India Fund, Inc. (The)
     27,192       626,504  
ING Emerging Markets High Dividend Equity Fund
     111,738       1,335,269  
Morgan Stanley India Investment Fund, Inc. *
     72,090       1,407,197  
Templeton Russia and East European Fund, Inc.
     825       10,857  
              3,379,827  
EMERGING MARKETS DEBT - 1.55%
  
Stone Harbor Emerging Markets Income Fund
     3,600       66,600  
Western Asset Emerging Markets Income Fund Inc.
     178,661       2,204,677  
Western Asset Worldwide Income Fund Inc.
     40,452       498,773  
              2,770,050  
GENERAL & INSURED LEVERAGED - 2.18%
  
BlackRock MuniHoldings Quality Fund, Inc.
     19,506       246,556  
Eaton Vance National Municipal Opportunities Trust
     3,961       76,804  
Eaton Vance Tax-Advantaged Bond and Option Strategies Fund
     10,361       143,603  
Invesco Municipal Opportunity Trust
     130,935       1,597,407  
Invesco Municipal Trust
     39,510       478,071  
Invesco Value Municipal Income Trust
     0       6  
Nuveen Dividend Advantage Municipal Fund 2
     23,200       313,200  
Nuveen Dividend Advantage Municipal Fund 3
     55,923       732,591  
Nuveen Dividend Advantage Municipal Income Fund
     22,955       305,990  
              3,894,228  
GENERAL BOND - 0.88%
  
DWS Multi-Market Income Trust
     143,163       1,361,480  
DWS Strategic Income Trust
     13,194       169,279  
MFS Multimarket Income Trust
     1,500       9,795  
Nuveen Build America Bond Opportunity Fund
     1,254       25,707  
              1,566,261  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2014 (Unaudited)
 
Description
    
No. of
Shares
      
Value
  
GLOBAL - 4.71%
  
Alpine Global Dynamic Dividend Fund
     33,916     $ 339,499  
Alpine Total Dynamic Dividend Fund
     395,949       3,322,012  
Clough Global Allocation Fund
     32,004       485,821  
Delaware Enhanced Global Dividend and Income Fund
     84,859       1,043,766  
First Trust Active Dividend Income Fund
     17,018       148,567  
GDL Fund (The)
     3,800       41,952  
ING Infrastructure, Industrials and Materials Fund
     7,300       128,334  
Nuveen Global Value Opportunities Fund
     5,700       74,670  
Virtus Total Return Fund
     16,600       73,372  
Wells Fargo Advantage Global Dividend Opportunity Fund
     351,436       2,765,801  
              8,423,794  
GLOBAL INCOME - 0.93%
  
Aberdeen Asia-Pacific Income Fund, Inc.
     81,000       494,910  
Aberdeen Global Income Fund, Inc.
     13,173       143,322  
Nuveen Multi-Currency Short-Term Government Income Fund
     97,079       1,018,359  
              1,656,591  
HIGH YIELD - 0.17%
  
Credit Suisse Asset Management Income Fund, Inc.
     60,940       219,993  
Western Asset Managed High Income Fund Inc.
     13,300       76,209  
              296,202  
HIGH CURRENT YIELD (LEVERAGED) - 2.77%
  
BlackRock Debt Strategies Fund, Inc.
     228,100       935,210  
DWS High Income Opportunities Fund, Inc.
     81,285       1,187,574  
DWS High Income Trust
     17,298       162,428  
First Trust Strategic High Income Fund II
     55,245       880,053  
Franklin Universal Trust
     42,339       305,264  
Helios High Income Fund, Inc.
     2,525       21,791  
Neuberger Berman High Yield Strategies Fund Inc.
     48,481       660,311  
Prudential Short Duration High Yield Fund, Inc.
     34,731       628,284  
Western Asset Global Partners Income Fund Inc
     15,014       164,553  
              4,945,468  
HIGH YIELD MUNICIPAL DEBT - 0.02%
  
MFS High Income Municipal Trust
     4,200       19,950  
MFS Municipal Income Trust
     2,777       18,051  
              38,001  
INCOME & PREFERRED STOCK - 1.12%
  
Calamos Strategic Total Return Fund
     21,800       242,416  
John Hancock Preferred Income Fund 
     43,184       859,793  
John Hancock Preferred Income Fund II
     23,400       467,064  
John Hancock Preferred Income Fund III
     6,917       119,802  
John Hancock Premium Dividend Fund
     4,000       51,800  
LMP Capital and Income Fund Inc.
     10,774       173,461  
Nuveen Quality Preferred Income Fund 3
     10,400       87,048  
              2,001,384  
LOAN PARTICIPATION - 1.50%
  
Eaton Vance Senior Floating-Rate Trust
     6,969       105,650  
Invesco Senior Income Trust
     202,388       1,015,988  
Nuveen Floating Rate Income Opportunity Fund
     126,957       1,548,875  
              2,670,513  
NATURAL RESOURCES - 5.35%
  
BlackRock Energy and Resources Trust
     40,081       967,956  
BlackRock Real Asset Equity Trust
     484,953       4,316,082  
First Trust Energy Income and Growth Fund
     9,100       298,025  
First Trust Energy Infrastructure Fund
     67,286       1,415,697  
ING Risk Managed Natural Resources Fund
     140,578       1,484,504  
Petroleum & Resources Corporation
     38,809       1,083,547  
              9,565,811  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2014 (Unaudited)
 
Description
    
No. of
Shares
      
Value
  
OPTION ARBITRAGE/OPTIONS STRATEGIES - 6.75%
  
BlackRock Enhanced Equity Dividend Trust
     276,219     $ 2,193,179  
BlackRock Global Opportunities Equity Trust
     330,406       4,833,840  
BlackRock International Growth and Income Trust
     175,213       1,412,217  
BlackRock Resources & Commodities Strategy Trust
     303,409       3,489,204  
ING Asia Pacific High Dividend Equity Income Fund
     8,000       101,840  
Madison Strategic Sector Premium Fund
     2,681       32,655  
              12,062,935  
PACIFIC EX JAPAN - 0.16%
  
Aberdeen Greater China Fund, Inc.
     2,593       25,074  
China Fund, Inc. (The)
     5,200       103,532  
Taiwan Fund, Inc. *
     8,200       154,570  
              283,176  
REAL ESTATE - 5.59%
  
CBRE Clarion Global Real Estate Income Fund
     401,483       3,352,383  
Cohen & Steers Preferred Securities and Income Fund, Inc.
     134,130       2,280,210  
Cohen & Steers Quality Income Realty Fund, Inc.
     230,114       2,423,100  
LMP Real Estate Income Fund Inc.
     25,822       279,910  
Neuberger Berman Real Estate Securities Income Fund Inc.
     193,638       913,971  
Nuveen Diversified Dividend and Income Fund
     3,122       36,527  
RMR Real Estate Income Fund
     38,189       708,788  
              9,994,889  
SECTOR EQUITY - 0.88%
  
First Trust Specialty Finance and Financial Opportunities Fund
     13,314       102,518  
GAMCO Global Gold, Natural Resources & Income Trust by Gabelli
     148,664       1,474,747  
              1,577,265  
U.S. MORTGAGE - 0.02%
  
First Trust Mortgage Income Fund
     1,600       25,184  
                 
UTILITY - 2.52%
  
BlackRock EcoSolutions Investment Trust
     96,430       776,262  
BlackRock Utility and Infrastructure Trust
     52,000       985,920  
Duff & Phelps Global Utility Income Fund Inc.
     41,340       818,119  
Gabelli Global Utility & Income Trust (The)
     14,600       290,248  
Reaves Utility Income Fund
     59,014       1,637,639  
              4,508,188  
TOTAL CLOSED-END FUNDS
             75,431,707  
                 
CONSUMER DISCRETIONARY - 5.91%
                
CBS Corporation - Class B
     5,000       309,000  
Comcast Corporation - Class A
     27,655       1,383,303  
DIRECTV *
     5,000       382,100  
Ford Motor Company
     40,000       624,000  
Gap, Inc. (The)
     4,000       160,240  
Home Depot, Inc. (The)
     19,600       1,550,948  
Johnson Controls, Inc.
     8,500       402,220  
Macy's, Inc.
     6,000       355,740  
McDonald's Corporation
     12,000       1,176,360  
News Corporation - Class B *
     1,250       20,875  
Omnicom Group Inc.
     2,500       181,500  
Time Warner Cable Inc.
     2,000       274,360  
Time Warner Inc.
     10,900       712,097  
TJX Companies, Inc. (The)
     14,000       849,100  
Twenty-First Century Fox, Inc.
     5,000       155,600  
Viacom Inc. - Class B
     2,950       250,721  
Walt Disney Company (The)
     22,200       1,777,554  
              10,565,718  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2014 (Unaudited)
 
Description
    
No. of
Shares
      
Value
  
CONSUMER STAPLES - 4.44%
                
Altria Group, Inc.
     20,800     $ 778,544  
Archer-Daniels-Midland Company
     8,000       347,120  
Coca-Cola Company (The)
     20,000       773,200  
CVS Caremark Corporation
     10,430       780,790  
Kellogg Company
     5,000       313,550  
Kroger Co. (The)
     7,000       305,550  
PepsiCo, Inc.
     12,000       1,002,000  
Walgreen Co.
     8,000       528,240  
Wal-Mart Stores, Inc.
     40,700       3,110,701  
              7,939,695  
ENERGY - 5.77%
                
Anadarko Petroleum Corporation
     7,000       593,320  
Chevron Corporation
     6,732       800,502  
ConocoPhillips
     13,974       983,071  
Devon Energy Corporation
     7,000       468,510  
EOG Resources, Inc.
     3,500       686,595  
Exxon Mobil Corporation
     39,936       3,900,948  
Marathon Oil Corporation
     10,000       355,200  
Phillips 66
     7,487       576,948  
Schlumberger Limited
     18,000       1,755,000  
Valero Energy Corporation
     3,000       159,300  
WPX Energy, Inc. *
     1,666       30,038  
              10,309,432  
EXCHANGE-TRADED FUNDS - 2.10%
                
iShares Core S&P 500 ETF
     10,000       1,881,700  
SPDR S&P 500 ETF Trust
     10,000       1,870,400  
              3,752,100  
FINANCIALS - 10.52%
                
AFLAC, Inc.
     5,500       346,720  
Allstate Corporation (The)
     5,000       282,900  
American International Group, Inc.
     19,000       950,190  
Aon plc
     5,500       463,540  
Bank of America Corporation
     120,000       2,064,000  
Bank of New York Mellon Corporation (The)
     15,000       529,350  
BB&T Corporation
     9,000       361,530  
Berkshire Hathaway Inc. - Class B *
     11,000       1,374,670  
BlackRock, Inc. - Class A
     1,500       471,720  
Capital One Financial Corporation
     4,500       347,220  
Citigroup, Inc.
     38,000       1,808,800  
Fifth Third Bancorp
     11,500       263,925  
Goldman Sachs Group, Inc. (The)
     7,000       1,146,950  
JPMorgan Chase & Co.
     34,132       2,072,154  
Marsh & McLennan Companies, Inc.
     5,000       246,500  
MetLife, Inc.
     14,000       739,200  
Morgan Stanley
     23,000       716,910  
PNC Financial Services Group, Inc. (The)
     8,000       696,000  
Principal Financial Group, Inc.
     4,000       183,960  
Prudential Financial, Inc.
     6,000       507,900  
State Street Corporation
     3,500       243,425  
SunTrust Banks, Inc.
     6,000       238,740  
T. Rowe Price Group, Inc.
     2,000       164,700  
Wells Fargo & Company
     47,800       2,377,572  
Weyerhaeuser Company
     7,000       205,450  
              18,804,026  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2014 (Unaudited)
 
Description
    
No. of
Shares
      
Value
  
HEALTH CARE - 7.23%
                
Abbott Laboratories
     13,200     $ 508,332  
AbbVie Inc.
     13,200       678,480  
Aetna Inc.
     5,000       374,850  
Allergan, Inc.
     4,500       558,450  
Amgen Inc.
     9,800       1,208,732  
Boston Scientific Corporation *
     17,000       229,840  
Cigna Corporation
     2,500       209,325  
Eli Lilly & Company
     13,000       765,180  
Express Scripts Holding Company *
     12,000       901,080  
Johnson & Johnson
     20,000       1,964,600  
McKesson Corporation
     1,800       317,826  
Medtronic, Inc.
     14,000       861,560  
Merck & Company, Inc.
     35,267       2,002,108  
Pfizer Inc.
     30,000       963,600  
St. Jude Medical, Inc.
     5,000       326,950  
Thermo Fisher Scientific Inc.
     5,000       601,200  
Wellpoint, Inc.
     4,500       447,975  
              12,920,088  
INDUSTRIALS - 5.39%
                
Caterpillar Inc.
     8,000       794,960  
CSX Corporation
     12,000       347,640  
Deere & Company
     6,500       590,200  
Emerson Electric Company
     9,000       601,200  
General Dynamics Corporation
     3,000       326,760  
General Electric Company
     124,000       3,210,360  
Honeywell International Inc.
     10,000       927,600  
Lockheed Martin Corporation
     4,000       652,960  
Norfolk Southern Corporation
     3,000       291,510  
Precision Castparts Corporation
     2,000       505,520  
Union Pacific Corporation
     6,500       1,219,790  
Waste Management, Inc.
     4,000       168,280  
              9,636,780  
INFORMATION TECHNOLOGY - 11.48%
                
Apple Inc.
     6,900       3,703,506  
Cisco Systems, Inc.
     60,000       1,344,600  
Cognizant Technology Solutions Corporation *
     10,000       506,100  
eBay Inc. *
     10,000       552,400  
EMC Corporation
     20,000       548,200  
Facebook, Inc. *
     25,000       1,506,000  
Google Inc. - Class A *
     2,000       2,229,020  
Hewlett-Packard Company
     22,000       711,920  
Intel Corporation
     46,000       1,187,260  
International Business Machines Corporation
     13,100       2,521,619  
Microsoft Corporation
     76,800       3,148,032  
Oracle Corporation
     56,272       2,302,087  
Yahoo! Inc. *
     7,000       251,300  
              20,512,044  
MATERIALS - 1.41%
                
Air Products & Chemicals, Inc.
     2,000       238,080  
Dow Chemical Company (The)
     15,000       728,850  
Ecolab Inc.
     2,500       269,975  
International Paper Company
     4,000       183,520  
Newmont Mining Corporation
     5,000       117,200  
PPG Industries, Inc.
     2,000       386,920  
Praxair, Inc.
     4,500       589,365  
              2,513,910  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2014 (Unaudited)
 
Description
    
No. of
Shares
      
Value
  
TELECOMMUNICATION SERVICES - 1.42%
                
AT&T, Inc.
     25,039     $ 878,118  
Verizon Communications, Inc.
     35,000       1,664,950  
              2,543,068  
UTILITIES - 0.88%
                
AES Corporation (The)
     8,000       114,240  
Consolidated Edison, Inc.
     3,000       160,950  
Entergy Corporation
     2,000       133,700  
Exelon Corporation
     10,000       335,600  
PPL Corporation
     6,000       198,840  
Public Service Enterprises Group, Inc.
     6,500       247,910  
Southern Company (The)
     6,000       263,640  
Xcel Energy Inc.
     4,000       121,440  
              1,576,320  
TOTAL EQUITY SECURITIES (cost - $151,563,355)
             176,504,888  
                 
SHORT-TERM INVESTMENTS - 1.19%
                
MONEY MARKET FUNDS - 1.19%
                
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01%^ (cost - $2,126,451)
     2,126,451       2,126,451  
                 
TOTAL INVESTMENTS - 99.95% (cost - $153,689,806)
             178,631,339  
                 
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.05%
             93,283  
                 
NET ASSETS - 100.00%
           $ 178,724,622  

*
Non-income producing security.     
^
The rate shown is the 7-day effective yield as of March 31, 2014.     
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
NOTES TO SCHEDULE OF INVESTMENTS
MARCH 31, 2014 (UNAUDITED)

Federal Income Tax Cost: The following information is computed on a tax basis for each item as of March 31, 2014:

Cost of portfolio investments
   $ 153,689,806  
Gross unrealized appreciation
   $ 26,323,809  
Gross unrealized depreciation
     (1,382,276 )
Net unrealized appreciation
   $ 24,941,533  

As required by the Fair Value Measurement and Disclosures Topic of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification, the Fund has performed an analysis of all assets and liabilities measured at fair value to determine the significance and character of all inputs to their fair value determination.

The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into the following three broad categories.

·
Level 1 - quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.

·
Level 2 - quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.

·
Level 3 - model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Fund's own assumptions that market participants would use to price the asset or liability based on the best available information.
 
 
 
 

The following is a summary of the inputs used as of March 31, 2014 in valuing the Fund's investments carried at value:
 
 
 
VALUATION INPUTS
  
INVESTMENTS
IN
SECURITIES
    
OTHER FINANCIAL INSTRUMENTS*
  
             
Level 1 – Quoted Prices
            
  Equity Investments
   $ 176,504,888     $ -  
  Short-Term Investments
     2,126,451       -  
Level 2 – Other Significant Observable Inputs
     -       -  
Level 3 – Significant Unobservable Inputs
     -       -  
Total
   $ 178,631,339     $ -  

*
Other financial instruments include futures, forwards and swap contracts, if any.

The  breakdown  of  the  Fund's   investments  into  major  categories  1s  disclosed  in  its  Schedule  of Investments.

As of March 31, 2014, the Fund did not have any transfers in and out of any Level.

The Fund did not have any assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at March 31, 2014.

The disclosures for the Fund's fiscal year beginning January 1, 2014 relate to presenting separately any Level 3 purchases, sales, issuances and settlements on a gross basis instead of one net amount. Management has evaluated the impact of ASU No. 2010-6 for the required disclosures.
 
In June 2013, FASB issued Accounting Standards Update 2013-08 Financial Services – Investment Companies (Topic 946) – Amendments to the Scope, Measurement and Disclosure Requirements (“ASU 2013-08”) which is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2013.  ASU 2013-08 sets forth a methodology for determining whether an entity should be characterized as an investment company and prescribes fair value accounting for an investment company’s non-controlling ownership interest in another investment company.  FASB has determined that a fund registered under the Investment Company Act of 1940 automatically meets ASU 2013-08’s criteria for an investment company.  Although still evaluating the potential impacts of ASU 2013-08 to the Fund, the Investment Manager does not expect the adoption of the ASU to have an effect on the Fund.
 
The   Fund   is   exposed   to   financial market   risks,   including   the   valuations   of   its   investment portfolio. During the three months ended March 31, 2014, the Fund did not engage in derivative instruments and other hedging activities.

The Fund has evaluated the need for additional disclosures and/or adjustments resulting through the date its financial statements were issued.  Based on this evaluation, no additional disclosures or adjustments were required to such Schedule of Investments.

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the Fund's annual report previously filed with the Securities and Exchange Commission on the Form N-CSR on March 4, 2014 with a file number 811-05150.

Other information regarding the Fund is available in the Fund’s most recent annual report. This information is also available on the Fund’s website at www.cornerstonestrategicvaluefund.com; or on the website of the Securities and Exchange Commission at www.sec.gov.
 
 
 
 
 
Item 2.  Controls and Procedures.
 
(a)   Based on their evaluation of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, the registrant’s principal executive officer and principal financial officer have concluded that such disclosure controls and procedures are reasonably designed and are operating effectively to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to them by others within those entities, particularly during the period in which this report is being prepared, and that such information is recorded, processed, summarized, and reported on a timely basis.
 
(b)   There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
 
Item 3.  Exhibits.
 
File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)):  Attached hereto

 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant) Cornerstone Strategic Value Fund, Inc.         
 
By (Signature and Title)*
/s/ Ralph W. Bradshaw
  
   
Ralph W. Bradshaw, President and Chairman
  
   
(Principal Executive Officer)
  
       
Date
May 16, 2014
    
       
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
       
By (Signature and Title)*
/s/ Ralph W. Bradshaw
  
   
Ralph W. Bradshaw, President and Chairman
  
   
(Principal Executive Officer)
  
       
Date
May 16, 2014
    
       
By (Signature and Title)*
/s/ Frank J. Maresca
  
   
Frank J. Maresca, Treasurer
(Principal Financial Officer)
  
       
Date
May 16, 2014
    
 
* Print the name and title of each signing officer under his or her signature.