TCW Strategic Income Fund Announces Quarterly Distribution
TCW Strategic Income Fund (NYSE: TSI) announced a quarterly distribution of $0.06 per share for shareholders of record on June 28, 2024, payable on July 12, 2024. The distribution policy, established by the Board of Directors in December 2013, allows for payments from the Fund’s accumulated net investment income and other sources, adhering to the Investment Company Act of 1940 and the Internal Revenue Code. This policy is subject to regular review and can be modified or terminated at any time. TSI, a closed-end fund listed on the NYSE, began operations in March 1987 and currently holds net assets of approximately $244 million.
- Quarterly distribution announced at $0.06 per share.
- Fund has a long-standing policy for dividend distribution since 2013.
- TSI is listed on the NYSE, providing good visibility and liquidity.
- TSI has net assets of approximately $244 million, indicating a solid asset base.
- Distribution policy can be changed or terminated at any time without prior notice.
- No information provided about fund performance or future outlook.
- The announcement does not specify the sources of the distribution, which may imply uncertainty.
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
About The TCW Group
TCW is a leading global asset management firm with a broad range of products across fixed income, alternative investments, equities, and emerging markets. With over half a century of investment experience, TCW today manages approximately
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.
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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.
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