TCW Strategic Income Fund Announces Quarterly Distribution

Rhea-AI Summary

TCW Strategic Income Fund, Inc. (NYSE: TSI) has announced a quarterly distribution of $0.175 per share payable to shareholders of record on December 29, 2023, with the payable date of January 12, 2024. The distribution includes a regular quarterly distribution of $0.06 and an additional special year-end distribution of $0.115 from net investment income. The fund, listed on the New York Stock Exchange since March 1987, currently has net assets of approximately $245 million.

LOS ANGELES--(BUSINESS WIRE)-- TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.175 per share payable to shareholders of record on December 29, 2023, with the payable date of January 12, 2024. The distribution represents a regular quarterly distribution of $0.06 and an additional special year-end distribution of $0.115 from net investment income.

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 $245 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 $202 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231215231626/en/

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 announced by TCW Strategic Income Fund, Inc. (NYSE: TSI)?

The company announced a quarterly distribution of $0.175 per share payable to shareholders of record on December 29, 2023, with the payable date of January 12, 2024.

What is the distribution based on?

The distribution 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 subject to the requirements of the Investment Company Act of 1940, as amended, and Sub-chapter M of the Internal Revenue Code.

What is the current net assets of TCW Strategic Income Fund, Inc. (NYSE: TSI)?

The fund currently has net assets of approximately $245 million.

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

The fund began operations in March 1987 and is listed on the New York Stock Exchange.

Is the distribution policy subject to change?

Yes, the distribution policy is a matter of Board discretion and may be modified or terminated at any time without prior notice.