fp0011880_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      48 Wall Street
New York, NY 10005
(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:    September 30, 2014      
 
 
 
 

Item 1. Schedule of Investments.
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
EQUITY SECURITIES - 98.98%
  
 
CLOSED-END FUNDS - 42.85%
  
 
CONVERTIBLE SECURITIES - 0.28%
  
   
AllianzGI Equity & Convertible Income Fund
     24,051     $ 477,893  
                     
 
CORE - 2.50%
  
   
Adams Express Company (The)
     127,384       1,775,733  
   
General American Investors Company, Inc.
     34,543       1,279,818  
   
Liberty All-Star Equity Fund
     77,662       452,769  
   
Source Capital, Inc.
     1,600       103,984  
   
Tri-Continental Corporation
     33,275       694,449  
       
 
       4,306,753  
 
CORPORATE DEBT INVESTMENT GRADE-RATED - 0.11%
  
   
Transamerica Income Shares, Inc.
     9,190       187,384  
                     
 
DEVELOPED MARKET - 0.29%
  
   
Aberdeen Israel Fund, Inc.
     3,000       52,020  
   
Aberdeen Japan Equity Fund, Inc. (The)
     23,892       169,872  
   
Aberdeen Singapore Fund, Inc.
     23,117       287,113  
       
 
       509,005  
 
EMERGING MARKETS - 1.25%
  
   
Central Europe, Russia and Turkey Fund, Inc. (The)
     1,853       45,954  
   
Morgan Stanley India Investment Fund, Inc. *
     2,623       65,260  
   
Templeton Emerging Markets Fund
     698       12,383  
   
Templeton Russia and East European Fund, Inc.
     9,400       118,440  
   
Voya Emerging Markets High Dividend Equity Fund
     161,851       1,909,842  
       
 
       2,151,879  
 
EMERGING MARKETS DEBT - 1.03%
  
   
Global High Income Fund Inc.
     16,256       157,033  
   
Western Asset Emerging Markets Income Fund Inc.
     111,805       1,345,014  
   
Western Asset Worldwide Income Fund Inc.
     22,173       271,398  
       
 
       1,773,445  
 
ENERGY MLP - 6.97%
  
   
ClearBridge Energy MLP Fund Inc.
     141,811       3,953,691  
   
ClearBridge Energy MLP Opportunity Fund Inc.
     94,804       2,313,218  
   
ClearBridge Energy MLP Total Return Fund Inc.
     105,186       2,423,486  
   
First Trust MLP and Energy Income Fund
     95,249       2,035,471  
   
Nuveen Energy MLP Total Return Fund
     58,621       1,296,110  
       
 
       12,021,976  
 
GENERAL & INSURED LEVERAGED - 1.72%
  
   
BlackRock MuniHoldings Quality Fund, Inc.
     18,406       238,726  
   
Eaton Vance Tax-Advantaged Bond and Option Strategies Fund
     10,361       146,297  
   
Invesco Municipal Opportunity Trust
     130,935       1,640,616  
   
Invesco Municipal Trust
     39,510       495,851  
   
Invesco Value Municipal Income Trust
     0       6  
   
Nuveen Dividend Advantage Municipal Fund 2
     9,400       130,942  
   
Nuveen Dividend Advantage Municipal Fund 3
     21,409       292,661  
   
Nuveen Dividend Advantage Municipal Income Fund
     1,302       18,371  
                 
2,963,470
  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
 
GENERAL BOND - 1.37%
  
   
Deutsche Multi-Market Income Trust
     199,705     $ 1,769,386  
   
Deutsche Strategic Income Trust
     49,139       596,548  
       
 
       2,365,934  
 
GLOBAL - 2.49%
  
   
Alpine Global Dynamic Dividend Fund
     33,916       335,429  
   
Alpine Total Dynamic Dividend Fund
     251,771       2,142,571  
   
Clough Global Allocation Fund
     33,304       476,547  
   
Delaware Enhanced Global Dividend and Income Fund
     92,659       1,112,835  
   
Wells Fargo Advantage Global Dividend Opportunity Fund
     29,605       237,432  
       
 
       4,304,814  
 
HIGH YIELD - 0.25%
  
   
Credit Suisse Asset Management Income Fund, Inc.
     46,546       159,187  
   
Western Asset High Yield Defined Opportunity Fund Inc.
     12,000       199,320  
   
Western Asset Managed High Income Fund Inc.
     12,227       67,615  
       
 
       426,122  
 
HIGH CURRENT YIELD (LEVERAGED) - 2.89%
  
   
BlackRock Corporate High Yield Fund VI, Inc.
     63,000       745,290  
   
BlackRock Debt Strategies Fund, Inc.
     232,600       888,532  
   
Deutsche High Income Opportunities Fund, Inc.
     79,599       1,165,329  
   
Deutsche High Income Trust
     18,298       163,584  
   
First Trust Strategic High Income Fund II
     53,965       830,521  
   
Franklin Universal Trust
     59,582       419,457  
   
Neuberger Berman High Yield Strategies Fund Inc.
     48,481       625,890  
   
Prudential Short Duration High Yield Fund, Inc.
     7,852       131,364  
   
Western Asset Global Partners Income Fund Inc
     927       9,641  
       
 
       4,979,608  
 
HIGH YIELD MUNICIPAL DEBT - 0.02%
  
   
MFS High Income Municipal Trust
     4,200       19,950  
   
MFS Municipal Income Trust
     2,777       18,189  
       
 
       38,139  
 
INCOME & PREFERRED STOCK - 0.22%
  
   
John Hancock Preferred Income Fund
     12,323       247,076  
   
John Hancock Premium Dividend Fund
     4,000       52,600  
   
Nuveen Quality Preferred Income Fund 3
     10,400       87,048  
                  386,724  
 
LOAN PARTICIPATION - 2.32%
  
   
Blackstone / GSO Senior Floating Rate Term Fund
     16,900       290,173  
   
Eaton Vance Floating-Rate Income Trust
     31,100       453,127  
   
Eaton Vance Senior Floating-Rate Trust
     47,964       690,202  
   
Eaton Vance Senior Income Trust
     22,998       149,717  
   
Invesco Senior Income Trust
     325,459       1,545,930  
   
Nuveen Credit Strategies Income Fund
     27,092       241,932  
   
Nuveen Floating Rate Income Opportunity Fund
     33,850       385,213  
   
Voya Prime Rate Trust
     46,358       254,969  
       
 
       4,011,263  
 
NATURAL RESOURCES - 5.46%
  
   
BlackRock Real Asset Equity Trust
     484,953       4,107,552  
   
First Trust Energy Income and Growth Fund
     19,337       711,215  
   
First Trust Energy Infrastructure Fund
     99,811       2,381,491  
   
Petroleum & Resources Corporation
     63,935       1,841,328  
   
Voya Natural Resources Equity Income Fund
     36,363       376,721  
                  9,418,307   
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
 
OPTION ARBITRAGE/OPTIONS STRATEGIES - 1.98%
  
   
BlackRock Resources & Commodities Strategy Trust
     303,409     $ 3,407,283  
                     
 
PACIFIC EX JAPAN - 0.12%
  
   
Aberdeen Greater China Fund, Inc.
     1,013       10,444  
   
Asia Tigers Fund, Inc. (The)
     1,900       22,534  
   
Morgan Stanley Thai Fund, Inc.
     13,365       164,256  
   
Taiwan Fund, Inc. *
     700       13,160  
                  210,394  
 
REAL ESTATE - 9.19%
  
   
Alpine Global Premier Properties Fund
     97,423       669,296  
   
CBRE Clarion Global Real Estate Income Fund
     495,519       4,152,449  
   
Cohen & Steers Preferred Securities and Income Fund, Inc.
     192,630       3,365,246  
   
Cohen & Steers Quality Income Realty Fund, Inc.
     230,114       2,446,112  
   
Cohen & Steers Total Return Realty Fund, Inc.
     87,940       1,050,883  
   
LMP Real Estate Income Fund Inc.
     101,505       1,139,901  
   
Neuberger Berman Real Estate Securities Income Fund Inc.
     379,693       1,830,120  
   
Nuveen Diversified Dividend and Income Fund
     3,122       36,340  
   
Nuveen Real Estate Income Fund
     21,624       227,268  
   
RMR Real Estate Income Fund
     49,206       927,533  
       
 
       15,845,148  
 
SECTOR EQUITY - 0.28%
  
   
John Hancock Financial Opportunities Fund 
     21,516       478,086  
       
 
          
 
U.S. MORTGAGE - 0.01%
  
   
First Trust Mortgage Income Fund
     1,600       24,160  
       
 
          
 
UTILITY - 2.10%
  
   
BlackRock EcoSolutions Investment Trust
     92,686       707,194  
   
Duff & Phelps Global Utility Income Fund Inc.
     68,240       1,451,465  
   
Gabelli Global Utility & Income Trust (The)
     17,200       330,068  
   
Reaves Utility Income Fund
     38,770       1,125,493  
       
 
       3,614,220  
 
TOTAL CLOSED-END FUNDS
  
 
       73,902,007  
       
 
          
 
CONSUMER DISCRETIONARY - 6.51%
                
   
CBS Corporation - Class B
     5,000       267,500  
   
Comcast Corporation - Class A
     27,655       1,487,286  
   
Delphi Automotive PLC
     3,000       184,020  
   
DIRECTV *
     5,000       432,600  
   
Ford Motor Company
     40,000       591,600  
   
Gap, Inc. (The)
     4,000       166,760  
   
Home Depot, Inc. (The)
     19,600       1,798,104  
   
Johnson Controls, Inc.
     8,500       374,000  
   
Macy's, Inc.
     6,000       349,080  
   
McDonald's Corporation
     12,000       1,137,720  
   
News Corporation - Class B *
     1,250       20,162  
   
Time Inc. *
     1,362       31,912  
   
Time Warner Cable Inc.
     2,000       286,980  
   
Time Warner Inc.
     10,900       819,789  
   
TJX Companies, Inc. (The)
     14,000       828,380  
   
Twenty-First Century Fox, Inc.
     5,000       166,550  
   
Viacom Inc. - Class B
     3,950       303,913  
   
Walt Disney Company (The)
     22,200       1,976,466  
                  11,222,822  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
 
CONSUMER STAPLES - 4.85%
                
   
Altria Group, Inc.
     20,800     $ 955,552  
   
Archer-Daniels-Midland Company
     8,000       408,800  
   
Coca-Cola Company (The)
     20,000       853,200  
   
CVS Caremark Corporation
     10,430       830,124  
   
Kellogg Company
     5,000       308,000  
   
Kraft Foods Group, Inc.
     4,000       225,600  
   
Kroger Co. (The)
     7,000       364,000  
   
Mondelēz International, Inc. - Class A
     10,000       342,650  
   
PepsiCo, Inc.
     12,000       1,117,080  
   
Wal-Mart Stores, Inc.
     38,700       2,959,389  
                  8,364,395  
 
ENERGY - 5.38%
                
   
Anadarko Petroleum Corporation
     2,000       202,880  
   
ConocoPhillips
     13,974       1,069,290  
   
Devon Energy Corporation
     7,000       477,260  
   
EOG Resources, Inc.
     7,000       693,140  
   
Exxon Mobil Corporation
     39,936       3,755,981  
   
Marathon Oil Corporation
     10,000       375,900  
   
Phillips 66
     7,487       608,768  
   
Schlumberger Limited
     18,000       1,830,420  
   
Valero Energy Corporation
     5,000       231,350  
   
WPX Energy, Inc. *
     1,666       40,084  
                  9,285,073  
 
EXCHANGE-TRADED FUNDS - 1.14%
                
   
iShares Core S&P 500 ETF
     5,000       991,300  
   
SPDR S&P 500 ETF Trust
     5,000       985,100  
                  1,976,400  
 
FINANCIALS - 9.49%
                
   
AFLAC, Inc.
     5,500       320,375  
   
Allstate Corporation (The)
     5,000       306,850  
   
American International Group, Inc.
     19,000       1,026,380  
   
Aon plc
     5,500       482,185  
   
Berkshire Hathaway Inc. - Class B *
     11,000       1,519,540  
   
BlackRock, Inc. - Class A
     1,500       492,480  
   
Capital One Financial Corporation
     4,500       367,290  
   
Citigroup, Inc.
     38,000       1,969,160  
   
Fifth Third Bancorp
     11,500       230,230  
   
Goldman Sachs Group, Inc. (The)
     7,000       1,284,990  
   
JPMorgan Chase & Co.
     34,132       2,056,112  
   
Marsh & McLennan Companies, Inc.
     5,000       261,700  
   
MetLife, Inc.
     14,000       752,080  
   
Morgan Stanley
     23,000       795,110  
   
PNC Financial Services Group, Inc. (The)
     8,000       684,640  
   
Principal Financial Group, Inc.
     4,000       209,880  
   
Prudential Financial, Inc.
     6,000       527,640  
   
SunTrust Banks, Inc.
     6,000       228,180  
   
T. Rowe Price Group, Inc.
     2,000       156,800  
   
Wells Fargo & Company
     47,800       2,479,386  
   
Weyerhaeuser Company
     7,000       223,020  
                  16,374,028  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
 
HEALTH CARE - 7.57%
                
   
Abbott Laboratories
     13,200     $ 548,988  
   
AbbVie Inc.
     13,200       762,432  
   
Actavis plc *
     2,000       482,560  
   
Aetna Inc.
     5,000       405,000  
   
Allergan, Inc.
     4,500       801,855  
   
Amgen Inc.
     9,800       1,376,508  
   
Baxter International Inc.
     7,000       502,390  
   
Boston Scientific Corporation *
     17,000       200,770  
   
Cigna Corporation
     2,500       226,725  
   
Express Scripts Holding Company *
     12,000       847,560  
   
Johnson & Johnson
     20,000       2,131,800  
   
McKesson Corporation
     1,800       350,406  
   
Merck & Company, Inc.
     35,267       2,090,628  
   
Pfizer Inc.
     30,000       887,100  
   
St. Jude Medical, Inc.
     5,000       300,650  
   
Thermo Fisher Scientific Inc.
     5,000       608,500  
   
Wellpoint, Inc.
     4,500       538,290  
                  13,062,162  
 
INDUSTRIALS - 5.65%
                
   
Caterpillar Inc.
     8,000       792,240  
   
CSX Corporation
     12,000       384,720  
   
Deere & Company
     6,500       532,935  
   
Delta Air Lines, Inc.
     9,000       325,350  
   
General Dynamics Corporation
     3,000       381,270  
   
General Electric Company
     124,000       3,176,880  
   
Honeywell International Inc.
     10,000       931,200  
   
Lockheed Martin Corporation
     4,000       731,120  
   
Norfolk Southern Corporation
     3,000       334,800  
   
Northrop Grumman Corporations
     2,000       263,520  
   
Precision Castparts Corporation
     2,000       473,760  
   
Union Pacific Corporation
     13,000       1,409,460  
   
Veritiv Corporation
     76       3,805  
                  9,741,060  
 
INFORMATION TECHNOLOGY - 11.19%
                
   
Apple Inc.
     48,300       4,866,225  
   
Cisco Systems, Inc.
     60,000       1,510,200  
   
Cognizant Technology Solutions Corporation *
     10,000       447,700  
   
eBay Inc. *
     10,000       566,300  
   
EMC Corporation
     20,000       585,200  
   
Facebook, Inc. *
     25,000       1,976,000  
   
Google Inc. - Class A *
     2,000       1,176,820  
   
Google Inc. - Class C *
     2,000       1,154,720  
   
Hewlett-Packard Company
     22,000       780,340  
   
Intel Corporation
     46,000       1,601,720  
   
International Business Machines Corporation
     13,100       2,486,773  
   
Oracle Corporation
     56,272       2,154,092  
                  19,306,090   
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
 
MATERIALS - 1.77%
                
   
Air Products & Chemicals, Inc.
     2,000     $ 260,360  
   
Dow Chemical Company (The)
     15,000       786,600  
   
Ecolab Inc.
     2,500       287,075  
   
International Paper Company
     4,000       190,960  
   
LyondellBasell Industries N.V.
     4,000       434,640  
   
Newmont Mining Corporation
     5,000       115,250  
   
PPG Industries, Inc.
     2,000       393,480  
   
Praxair, Inc.
     4,500       580,500  
                  3,048,865  
 
TELECOMMUNICATION SERVICES - 1.53%
                
   
AT&T, Inc.
     25,039       882,374  
   
Verizon Communications, Inc.
     35,000       1,749,650  
                  2,632,024  
 
UTILITIES - 1.05%
                
   
AES Corporation (The)
     8,000       113,440  
   
American Electric Power Company, Inc.
     4,000       208,840  
   
Consolidated Edison, Inc.
     3,000       169,980  
   
Entergy Corporation
     2,000       154,660  
   
Exelon Corporation
     10,000       340,900  
   
PPL Corporation
     6,000       197,040  
   
Public Service Enterprises Group, Inc.
     6,500       242,060  
   
Southern Company (The)
     6,000       261,900  
   
Xcel Energy Inc.
     4,000       121,600  
                  1,810,420  
 
TOTAL EQUITY SECURITIES (cost - $144,131,835)
             170,725,346  
                     
 
SHORT-TERM INVESTMENTS - 1.22%
                
 
MONEY MARKET FUNDS - 1.22%
                
   
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01%^ (cost - $2,093,380)
     2,093,380       2,093,380  
                     
 
TOTAL INVESTMENTS - 100.20% (cost - $146,225,215)
             172,818,726  
                     
 
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.20)%
             (339,557 )
                     
 
NET ASSETS - 100.00%
           $ 172,479,169  
 
*
Non-income producing security.
^
The rate shown is the 7-day effective yield as of September 30, 2014.

See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
NOTES TO SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2014 (UNAUDITED)
 
Federal Income Tax Cost: The following information is computed on a tax basis for each item as of September 30, 2014:

Cost of portfolio investments
   $ 146,230,608  
Gross unrealized appreciation
   $ 28,345,037  
Gross unrealized depreciation
     (1,756,919 )
Net unrealized appreciation
   $ 26,588,118  
 
The difference between the federal income tax cost of portfolio investments and the Schedule of Investments cost for the Fund is due to certain timing differences in the recognition of capital gains or losses under income tax regulations and generally accepted accounting principles. These "book/tax" differences are temporary in nature and are due to the tax deferral of losses on wash sales.
 
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 September 30, 2014 in valuing the Fund's investments carried at value:
 
VALUATION INPUTS
  
INVESTMENTS
IN
SECURITIES
    
OTHER FINANCIAL INSTRUMENTS*
  
             
Level 1 – Quoted Prices
            
  Equity Investments
   $ 170,725,346     $ -  
  Short-Term Investments
     2,093,380       -  
Level 2 – Other Significant Observable Inputs
     -       -  
Level 3 – Significant Unobservable Inputs
     -       -  
Total
   $ 172,818,726     $ -  
 
*
Other financial instruments include futures, forwards and swap contracts, if any.
 
The breakdown of the Fund's investments into major categories is disclosed in its Schedule of Investments.
 
As of September 30, 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 September 30, 2014.
 
The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the six months ended September 30, 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 semi-annual report previously filed with the Securities and Exchange Commission on the Form N-CSR on September 2, 2014 with a file number 811-05150.
 
Other information regarding the Fund is available in the Fund’s most recent semi-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
November 25, 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
November 25, 2014
 
 
 
 
 
 
By (Signature and Title)*
/s/ Frank J. Maresca
 
 
 
Frank J. Maresca, Treasurer
(Principal Financial Officer)
 
 
 
 
 
Date
November 25, 2014
 
 
 
* Print the name and title of each signing officer under his or her signature.