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)
 
48 Wall Street New York, NY
10005
(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, 2015
Item 1.  Schedule of Investments.
 
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2015 (Unaudited)
 
Description
  
No. of
Shares
    
Value
  
EQUITY SECURITIES - 97.69%
  
   
 
CLOSED-END FUNDS - 51.37%
  
CONVERTIBLE SECURITIES - 0.66%
  
AllianzGI Convertible & Income Fund
    
259,282
     $
1,511,614
  
AllianzGI Convertible & Income Fund II
    
35,600
      
187,968
  
Calamos Convertible and High Income Fund
    
11,300
      
122,831
  
Calamos Convertible Opportunities and Income Fund
    
33,600
      
332,304
  
             
2,154,717
  
CORE - 3.95%
  
Adams Express Company (The)
    
61,285
    
 
781,384
  
Advent/Claymore Enhanced Growth & Income Fund
    
126,105
      
1,034,061
  
Gabelli Equity Trust Inc. (The)
    
553,597
      
2,889,776
  
General American Investors Company, Inc.
    
71,121
      
2,203,329
  
Guggenheim Enhanced Equity Strategy Fund
    
28,369
      
422,698
  
Liberty All-Star Equity Fund
    
871,424
      
4,426,834
  
Royce Micro-Cap Trust, Inc.
    
89,959
      
696,283
  
Sprott Focus Trust, Inc.
    
71,100
      
420,201
  
Tri-Continental Corporation
    
3,115
      
60,742
  
             
12,935,308
  
CORPORATE DEBT INVESTMENT GRADE-RATED - 0.00%
  
Cutwater Select Income Fund
    
1
      
26
  
                 
DEVELOPED MARKET - 1.49%
  
Aberdeen Australia Equity Fund, Inc.
    
401,670
      
2,148,533
  
Aberdeen Singapore Fund, Inc.
    
38,986
      
336,839
  
New Ireland Fund, Inc. (The)
    
25,720
      
345,934
  
Swiss Helvetia Fund, Inc. (The)
    
189,319
      
2,056,004
  
             
4,887,310
  
EMERGING MARKETS - 3.59%
  
Aberdeen Chile Fund, Inc.
    
148,715
      
889,316
  
First Trust/Aberdeen Emerging Opportunity Fund
    
8,103
      
105,825
  
JPMorgan China Region Fund, Inc.
    
19,417
      
278,051
  
Mexico Fund, Inc. (The)
    
17,900
      
311,818
  
Morgan Stanley China A Share Fund, Inc.
    
258,150
      
5,792,886
  
Templeton Dragon Fund, Inc.
    
48,787
      
912,317
  
Turkish Investment Fund, Inc. (The)
    
32,598
      
260,784
  
Voya Emerging Markets High Dividend Equity Fund
    
415,446
      
3,203,089
  
             
11,754,086
  
EMERGING MARKETS DEBT - 0.50%
  
Global High Income Fund Inc.
    
90,852
      
701,377
  
Western Assets Emerging Markets Income Fund, Inc.
    
99,605
      
952,224
  
             
1,653,601
  
ENERGY MLP - 1.41%
  
ClearBridge Energy MLP Opportunity Fund Inc.
    
136,104
      
1,962,620
  
ClearBridge Energy MLP Total Return Fund Inc.
    
184,485
      
2,536,669
  
Nuveen Energy MLP Total Return Fund
    
8,609
      
108,215
  
             
4,607,504
  
GENERAL & INSURED LEVERAGED - 0.26%
  
Invesco Value Municipal Income Trust
    
1
      
13
  
Nuveen Dividend Advantage Municipal Fund 3
    
47,804
      
648,222
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2015 (Unaudited)
 
Description
  
No. of
Shares
     Value  
Nuveen Select Quality Municipal Fund, Inc.
    
16,140
     $
215,792
  
             
864,027
  
GENERAL BOND - 0.67%
  
Deutsche Multi-Market Income Trust
    
218,298
      
1,613,222
  
Deutsche Strategic Income Trust
    
58,024
      
596,487
  
             
2,209,709
  
GLOBAL - 7.03%
  
Alpine Global Dynamic Dividend Fund
    
227,745
      
1,947,220
  
Alpine Global Total Dynamic Dividend Fund
    
1,091,449
      
8,185,867
  
Clough Global Allocation Fund
    
19,347
      
252,478
  
Delaware Enhanced Global Dividend and Income Fund
    
322,106
      
2,982,702
  
GDL Fund (The)
    
246,684
      
2,422,437
  
Gabelli Multimedia Fust Inc. (The)
    
25,584
      
192,647
  
John Hancock Hedged Equity & Income Fund
    
35,017
      
503,895
  
Lazard Global Total Return and Income Fund, Inc.
    
3,694
      
46,286
  
Lazard World Dividend & Income Fund, Inc.
    
44,656
      
406,816
  
Nuveen Global Value Opportunities Fund
    
173,662
      
1,769,616
  
Royce Global Value Trust, Inc.
    
1,700
      
11,917
  
Virtus Total Return Fund
    
37,841
      
143,039
  
Voya Infrastructure, Industrials and Materials Fund
    
108,271
      
1,327,402
  
Wells Fargo Advantage Global Dividend Opportunity Fund
    
482,546
      
2,851,847
  
             
23,044,169
  
GROWTH FUNDS - 0.13%
  
Liberty All-Star Growth Fund, Inc.
    
95,125
      
431,867
  
                 
HIGH CURRENT YIELD (LEVERAGED) - 1.68%
  
AllianceBernstein Global High Income Fund, Inc.
    
109,924
      
1,216,859
  
BlackRock Corporate High Yield Fund VI, Inc.
    
280,109
      
2,764,676
  
BlackRock Debt Strategies Fund, Inc.
    
231,134
      
771,988
  
First Trust Strategic High Income Fund II
    
1,151
      
13,236
  
Franklin Universal Trust
    
18,322
      
108,283
  
Invesco High Income Trust II
    
10,684
      
137,503
  
MFS Intermediate High Income Fund
    
4,695
      
10,658
  
 Neuberger Berman High Yield Strategies Fund Inc.
    
46,181
      
470,584
  
             
5,493,787
  
HIGH YIELD - 0.10%
  
Credit Suisse Asset Management Income Fund, Inc.
    
32,550
      
92,116
  
Western Asset Managed High Income Fund Inc.
    
49,725
      
222,271
  
             
314,387
  
HIGH YIELD MUNICIPAL DEBT - 0.07%
  
MFS High Income Municipal Trust
    
48,354
      
229,681
  
 
                
INCOME & PREFERRED STOCK - 0.20%
  
LMP Capital and Income Fund Inc.
    
53,674
      
652,676
  
                 
LOAN PARTICIPATION - 0.49%
  
Nuveen Credit Strategies Income Fund
    
201,766
      
1,610,093
  
                 
NATURAL RESOURCES - 3.31%
  
BlackRock Resources & Commodities Strategy Trust
    
1,389,918
      
9,868,418
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2015 (Unaudited)
 
Description   No. of
Shares
     Value  
First Trust Energy Infrastructure Fund
    
61,159
     $
977,932
  
             
10,846,350
  
OPTION ARBITRAGE/OPTIONS STRATEGIES - 5.39%
  
AllianzGI NFJ Dividend, Interest & Premium Strategy Fund
    
657,556
      
8,403,566
  
BlackRock Global Opportunities Equity Trust
    
237,932
      
2,878,977
  
Eaton Vance Risk-Managed Diversified Equity Income Fund
    
18,750
      
180,000
  
Madison Strategic Sector Premium Fund
    
20,754
      
221,445
  
Nuveen Nasdaq 100 Dynamic Overwrite Fund
    
248,959
      
4,289,564
  
Voya Global Equity Dividend and Premium Opportunity Fund
    
243,438
      
1,691,894
  
             
17,665,446
  
PACIFIC EX JAPAN - 0.42%
  
Aberdeen Greater China Fund, Inc.
    
53,382
      
452,679
  
China Fund, Inc. (The)
    
49,802
      
792,350
  
Morgan Stanley Thai Fund, Inc.
    
19,898
      
140,878
  
             
1,385,907
  
REAL ESTATE - 13.29%
  
Alpine Global Premier Properties Fund
    
1,104,363
      
6,162,345
  
CBRE Clarion Global Real Estate Income Fund
    
1,220,355
      
9,006,220
  
Cohen & Steers Preferred Securities and Income Fund, Inc.
    
713,745
      
12,369,201
  
Cohen & Steers Quality Income Realty Fund, Inc.
    
513,634
      
5,804,064
  
Cohen & Steers Total Return Realty Fund, Inc.
    
118,000
      
1,401,840
  
LMP Real Estate Income Fund Inc.
    
121,833
      
1,496,109
  
Neuberger Berman Real Estate Securities Income Fund Inc.
    
931,144
      
4,292,574
  
Nuveen Real Estate Income Fund
    
65,233
      
655,592
  
RMR Real Estate Income Fund
    
130,445
      
2,346,704
  
             
43,534,649
  
SECTOR EQUITY - 1.75%
  
GAMCO Global Gold, Natural Resources & Income Trust
    
492,323
      
2,456,692
  
GAMCO Natural Resources, Gold & Income Trust by Gabelli
    
385,958
      
2,234,697
  
John Hancock Financial Opportunities Fund 
    
41,016
      
1,037,705
  
             
5,729,094
  
U.S. MORTGAGE - 0.02%
  
First Trust Mortgage Income Fund
    
5,090
      
73,245
  
                 
UTILITY - 4.93%
  
BlackRock Utility and Infrastructure Trust
    
48,646
      
790,984
  
Brookfield Global Listed Infrastructure Income Fund Inc.
    
204,299
      
2,559,866
  
Cohen & Steers Infrastructure Fund, Inc.
    
312,272
      
5,955,027
  
Duff & Phelps Global Utility Income Fund Inc.
    
313,099
      
4,740,319
  
Gabelli Global Utility & Income Trust (The)
    
60,473
      
970,592
  
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
    
4,785
      
60,100
  
Macquarie Global Infrastructure Total Return Fund Inc.
    
28,440
      
548,039
  
Tekla Healthcare Opportunities Fund
    
9,200
      
149,960
  
Wells Fargo Advantage Utilities and High Income Fund
    
37,299
      
394,250
  
             
16,169,137
  
VALUE - 0.02%
  
First Trust Dividend and Income Fund
    
10,000
      
78,200
  
                 
TOTAL CLOSED-END FUNDS
            
168,324,976
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2015 (Unaudited)
 
 Description   No. of
Shares
     Value  
CONSUMER DISCRETIONARY - 5.52%
  
   
 
Comcast Corporation - Class A
    
59,013
     $
3,356,659
  
Home Depot, Inc. (The)
    
19,600
      
2,263,604
  
Johnson Controls, Inc.
    
15,500
      
641,080
  
Lowe's Companies, Inc.
    
8,000
      
551,360
  
Macy's, Inc.
    
10,000
      
513,200
  
News Corporation - Class B *
    
1,250
      
16,025
  
Starbucks Corporation
    
15,000
      
852,600
  
Time Inc.
    
1,362
      
25,946
  
Time Warner Cable Inc.
    
4,000
      
717,480
  
Time Warner Inc.
    
22,900
      
1,574,375
  
TJX Companies, Inc. (The)
    
10,000
      
714,200
  
Twenty-First Century Fox, Inc.
    
5,000
      
135,350
  
Viacom Inc. - Class B
    
3,950
      
170,444
  
Walt Disney Company (The)
    
64,200
      
6,561,240
  
 
            
18,093,563
  
CONSUMER STAPLES - 5.19%
                
Archer-Daniels-Midland Company
    
16,000
      
663,200
  
Constellation Brands, Inc.
    
3,000
      
375,630
  
Costco Wholesale Corporation
    
9,000
      
1,301,130
  
CVS Caremark Corporation
    
28,430
      
2,742,926
  
Kraft Heinz Company (The)
    
4,000
      
282,320
  
Kroger Co. (The)
    
30,000
      
1,082,100
  
Mondelēz International, Inc. - Class A
    
26,000
      
1,088,620
  
Monster Beverage Corporation *
    
4,000
      
540,560
  
Reynolds American Inc.
    
22,000
      
973,940
  
Walgreens Boots Alliance, Inc.
    
15,000
      
1,246,500
  
Wal-Mart Stores, Inc.
    
103,700
      
6,723,908
  
 
            
17,020,834
  
ENERGY - 2.41%
                
Chevron Corporation
    
10,000
      
788,800
  
ConocoPhillips
    
21,974
      
1,053,873
  
EOG Resources, Inc.
    
15,000
      
1,092,000
  
Exxon Mobil Corporation
    
39,936
      
2,969,242
  
Kinder Morgan, Inc.
    
12,000
      
332,160
  
Phillips 66
    
14,487
      
1,113,181
  
Schlumberger Limited
    
8,000
      
551,760
  
 
            
7,901,016
  
EXCHANGE-TRADED FUNDS - 3.52%
                
iShares Core S&P 500 ETF
    
30,000
      
5,781,300
  
SPDR S&P 500 ETF Trust
    
30,000
      
5,748,900
  
 
            
11,530,200
  
FINANCIALS - 7.49%
                
ACE Limitied
    
4,000
      
413,600
  
Allstate Corporation (The)
    
4,000
      
232,960
  
American Express Company
    
13,000
      
963,690
  
American International Group, Inc.
    
8,000
      
454,560
  
Ameriprise Financial, Inc.
    
2,000
      
218,260
  
Aon plc
    
8,500
      
753,185
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2015 (Unaudited)
 
Description   No. of
Shares
     Value  
Berkshire Hathaway Inc. - Class B *
    
21,000
     $
2,738,400
  
BlackRock, Inc. - Class A
    
3,500
      
1,041,145
  
Capital One Financial Corporation
    
4,500
      
326,340
  
Chubb Corporation (The)
    
2,000
      
245,300
  
Discover Financial Services
    
6,500
      
337,935
  
Intercontinental Exchange, Inc.
    
1,500
      
352,485
  
JPMorgan Chase & Co.
    
106,132
      
6,470,868
  
Marsh & McLennan Companies, Inc.
    
8,500
      
443,870
  
McGraw Hill Financial, Inc.
    
2,000
      
173,000
  
Moody’s Corporation
    
3,000
      
294,600
  
Morgan Stanley
    
39,000
      
1,228,500
  
PNC Financial Services Group, Inc. (The)
    
8,000
      
713,600
  
SunTrust Banks, Inc.
    
6,000
      
229,440
  
Travelers Companies, Inc. (The)
    
4,000
      
398,120
  
Wells Fargo & Company
    
126,800
      
6,511,180
  
 
            
24,541,038
  
HEALTH CARE - 6.10%
                
Abbott Laboratories
    
26,200
      
1,053,764
  
AbbVie Inc.
    
16,200
      
881,442
  
Aetna Inc.
    
11,000
      
1,203,510
  
Allergan plc *
    
6,577
      
1,787,694
  
Amgen Inc.
    
17,800
      
2,462,096
  
Anthem, Inc.
    
9,000
      
1,260,000
  
Baxter International Inc.
    
4,000
      
131,400
  
Boston Scientific Corporation *
    
2,000
      
32,820
  
Cardinal Health, Inc.
    
6,000
      
460,920
  
Celgene Corporation *
    
10,000
      
1,081,700
  
Cigna Corporation
    
5,000
      
675,100
  
Express Scripts Holding Company *
    
8,000
      
647,680
  
Gilead Sciences, Inc.
    
14,000
      
1,374,660
  
Johnson & Johnson
    
13,000
      
1,213,550
  
McKesson Corporation
    
4,800
      
888,144
  
Merck & Company, Inc.
    
35,267
      
1,741,837
  
Regeneron Pharmaceuticals, Inc. *
    
1,000
      
465,140
  
St. Jude Medical, Inc.
    
5,000
      
315,450
  
Stryker Corporation
    
4,000
      
376,400
  
Thermo Fisher Scientific Inc.
    
10,000
      
1,222,800
  
UnitedHealth Group Incorporated
    
6,000
      
696,060
  
 
            
19,972,167
  
INDUSTRIALS - 4.42%
                
Boeing Company (The)
    
6,000
      
785,700
  
CSX Corporation
    
12,000
      
322,800
  
Danaher Corporation
    
5,000
      
426,050
  
Delta Air Lines, Inc.
    
18,000
      
807,660
  
FedEx Corporation
    
6,000
      
863,880
  
General Dynamics Corporation
    
6,000
      
827,700
  
General Electric Company
    
110,000
      
2,774,200
  
Honeywell International Inc.
    
16,000
      
1,515,040
  
Illinois Tool Works Inc.
    
8,000
      
658,480
  
Lockheed Martin Corporation
    
7,000
      
1,451,170
  
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2015 (Unaudited)
 
Description   No. of
Shares
     Value  
Norfolk Southern Corporation
    
3,000
     $
229,200
  
Northrop Grumman Corporations
    
2,000
      
331,900
  
Precision Castparts Corporation
    
2,000
      
459,420
  
Southwest Airlines Co.
    
12,000
      
456,480
  
3M Company
    
5,000
      
708,850
  
Union Pacific Corporation
    
21,000
      
1,856,610
  
 
            
14,475,140
  
INFORMATION TECHNOLOGY - 8.68%
                
Apple Inc.
    
113,300
      
12,496,990
  
Automatic Data Processing, Inc.
    
7,000
      
562,520
  
Cisco Systems, Inc.
    
70,000
      
1,837,500
  
Cognizant Technology Solutions Corporation *
    
6,000
      
375,660
  
Facebook, Inc. *
    
11,000
      
988,900
  
Fiserv, Inc. *
    
4,000
      
346,440
  
Google Inc. - Class A *
    
2,000
      
1,276,740
  
Google Inc. - Class C *
    
4,005
      
2,436,723
  
Intel Corporation
    
66,000
      
1,989,240
  
MasterCard Incorporated
    
10,000
      
901,200
  
Microsoft Corporation
    
22,000
      
973,720
  
Oracle Corporation
    
96,272
      
3,477,345
  
QUALCOMM Incorporated
    
14,500
      
779,085
  
 
            
28,442,063
  
MATERIALS - 1.15%
                
Air Products & Chemicals, Inc.
    
5,000
      
637,900
  
Dow Chemical Company (The)
    
29,500
      
1,250,800
  
Ecolab Inc.
    
5,500
      
603,460
  
LyondellBasell Industries N.V.
    
7,000
      
583,520
  
PPG Industries, Inc.
    
8,000
      
701,520
  
 
            
3,777,200
  
TELECOMMUNICATION SERVICES - 1.27%
                
AT&T, Inc.
    
7,568
      
246,565
  
Verizon Communications, Inc.
    
90,000
      
3,915,900
  
 
            
4,162,465
  
UTILITIES - 0.56%
                
NextEra Energy, Inc.
    
6,000
      
585,300
  
PG&E Corporation
    
12,000
      
633,600
  
PPL Corporation
    
6,000
      
197,340
  
Public Service Enterprises Group, Inc.
    
6,500
      
274,040
  
Xcel Energy Inc.
    
4,000
      
141,640
  
 
            
1,831,920
  
TOTAL EQUITY SECURITIES (cost - $331,576,017)
            
320,072,582
  
 
                
SHORT-TERM INVESTMENTS - 2.53%
                
MONEY MARKET FUNDS - 2.53%
                
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01%^ (cost - $8,289,987)
    
8,289,987
      
8,289,987
  
 
                
TOTAL INVESTMENTS - 100.22% (cost - $339,866,004)
            
328,362,569
  
 
                
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.22)%
            
(713,864
)
 
See accompanying notes to schedule of investments.
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2015 (Unaudited)
 
Description
    
No. of
Shares
       Value  
NET ASSETS - 100.00%
          
$
327,648,705
  
 
* Non-income producing security.      
^ The rate shown is the 7-day effective yield as of September 30, 2015.      
 
See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.
NOTES TO SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2015 (UNAUDITED)
 
Federal Income Tax Cost: The following information is computed on a tax basis for each item as of September 30, 2015:

Cost of portfolio investments
  
$
340,190,644
  
Gross unrealized appreciation
  
$
27,018,267
  
Gross unrealized depreciation
    
(38,846,342
)
Net unrealized appreciation
  
$
(11,828,075
)

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, 2015 in valuing the Fund's investments carried at value:
 
 
 
VALUATION INPUTS
  
INVESTMENTS
IN
SECURITIES
    
OTHER FINANCIAL INSTRUMENTS*
  
         
Level 1 – Quoted Prices
        
   Equity Investments
  
$
320,072,582
    
$
-
  
   Short-Term Investments
    
8,289,987
      
-
  
Level 2 – Other Significant Observable Inputs
    
-
      
-
  
Level 3 – Significant Unobservable Inputs
    
-
      
-
  
Total
  
$
328,362,569
    
$
-
  

* 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, 2015, 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, 2015.

The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the nine months ended September 30, 2015, 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 1, 2015 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
October 15, 2015
    
       
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
October 15, 2015
    
       
By (Signature and Title)*
/s/ Frank J. Maresca
  
   
Frank J. Maresca, Treasurer
(Principal Financial Officer)
  
       
Date
October 15, 2015
    

* Print the name and title of each signing officer under his or her signature.