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TCW Strategic Income Fund Announces Quarterly Distribution

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TCW Strategic Income Fund, Inc. (NYSE: TSI) declares a quarterly distribution of $0.06 per share to shareholders, based on a policy approved by the Board of Directors in 2013. The fund, a closed-end fund listed on the NYSE, began operations in 1987 and holds net assets of around $244 million.
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The announcement of TCW Strategic Income Fund, Inc.'s quarterly distribution of $0.06 per share is a key indicator of the fund's current earnings and its ability to generate cash flow to return to shareholders. This distribution reflects the fund's commitment to providing income to its investors and is a direct outcome of its investment strategies and portfolio performance. The distribution amount is in line with the policy set by the Board of Directors, which takes into account the fund's accumulated net investment income and other sources.

Investors should note that the fund's ability to maintain its distribution levels relies on the performance of its underlying assets. The fund's net assets of approximately $244 million suggest a sizable investment portfolio, which, depending on its composition, can affect the stability and sustainability of future distributions. It's important for investors to monitor the fund's portfolio allocation and the sectors it's invested in, as this will influence the risk profile and the expected income.

Additionally, the Board's statement that the distribution policy can be modified or terminated at any time highlights the dynamic nature of such funds. Changes in economic conditions, market volatility, or shifts in interest rates could prompt a reassessment of the distribution policy, impacting investor expectations and the fund's market attractiveness.

The announcement from TCW Strategic Income Fund, Inc. regarding its quarterly distribution is a reflection of the fund's operational strategy and market positioning. Closed-end funds like TSI often attract investors seeking regular income and the consistency of distributions can be a significant factor in an investor's decision to hold or purchase shares. The mention of the Investment Company Act of 1940 and Sub-chapter M of the Internal Revenue Code indicates compliance with regulatory requirements, which is crucial for investor confidence.

From a market perspective, the distribution yield, calculated as the annualized distribution divided by the fund's market price, is an important metric for comparing TSI to other investment opportunities. Although the distribution itself might not be substantial in isolation, it can impact investor sentiment and the fund's market price. Observing the historical distribution patterns and comparing them to peers can provide insights into the fund's competitive standing.

Furthermore, the fund’s longevity since its inception in March 1987 suggests a track record that can be scrutinized. Long-term performance, management stability and response to market cycles are aspects that investors might consider when evaluating the fund's resilience and potential for future growth.

LOS ANGELES--(BUSINESS WIRE)-- TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.06 per share payable to shareholders of record on March 28, 2024, with the payable date of April 12, 2024.

The distribution is based on a policy that was approved by the Board of Directors in December 2013 which was to pay distributions out of the Fund’s accumulated net investment income and/or other sources subject to the requirements of the Investment Company Act of 1940, as amended, and Sub-chapter M of the Internal Revenue Code. The Directors will regularly monitor conditions and circumstances relating to the distribution of dividends and make such changes as they, in consultation with the Fund’s portfolio managers, deem appropriate. Distribution policy is a matter of Board discretion and may be modified or terminated at any time without prior notice.

TSI is a closed-end fund listed on the New York Stock Exchange. The Fund began operations in March 1987 and currently has net assets of approximately $244 million.

About The TCW Group

TCW is a leading global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments. With more than four decades of investment experience, TCW today manages approximately $210 billion in client assets. Through the MetWest Funds and TCW Funds families, TCW manages one of the largest mutual fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For more information, please visit www.tcw.com.

Various matters discussed in this news release constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected or contemplated by these forward-looking statements due to a number of factors, including general economic conditions, overall availability of certain types of securities for investment by the Fund, the level of volatility in the securities markets and in the share price of the Fund, and other risk factors outlined in the Fund’s SEC Filings.

Investor Contact:

Tel: 800-386-3829



Media Contact:

Doug Morris

Head of Corporate Marketing and Communications

Tel: 213-244-0509

Source: TCW Strategic Income Fund, Inc.

FAQ

What is the quarterly distribution per share announced by TCW Strategic Income Fund, Inc. (TSI)?

TCW Strategic Income Fund, Inc. (NYSE: TSI) declared a quarterly distribution of $0.06 per share.

When will the distribution be payable to shareholders of TCW Strategic Income Fund, Inc. (TSI)?

The distribution will be payable to shareholders of TCW Strategic Income Fund, Inc. (NYSE: TSI) on April 12, 2024.

What is the basis for the distribution policy of TCW Strategic Income Fund, Inc. (TSI)?

The distribution policy is based on a policy approved by the Board of Directors in December 2013, to pay distributions out of the Fund’s accumulated net investment income and/or other sources.

When did TCW Strategic Income Fund, Inc. (TSI) begin its operations?

TCW Strategic Income Fund, Inc. (NYSE: TSI) started operations in March 1987.

What are the net assets held by TCW Strategic Income Fund, Inc. (TSI)?

TCW Strategic Income Fund, Inc. (NYSE: TSI) currently has net assets of approximately $244 million.

TCW Strategic Income Fund, Inc.

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