TCW Strategic Income Fund Announces Quarterly Distribution

Rhea-AI Summary

TCW Strategic Income Fund (NYSE: TSI) announced a quarterly distribution of $0.055 per share for shareholders of record on March 31, 2021, payable on April 9, 2021. This distribution aligns with a policy approved by the Board in 2013, allowing payouts from accumulated net investment income subject to regulatory requirements. The Fund, operational since March 1987, currently holds net assets of approximately $283 million. TCW Group, managing $248 billion in client assets, oversees the Fund, with investment strategies across various sectors.

Positive

• Quarterly distribution of $0.055 per share announced
• Distribution amount reflects ongoing commitment to shareholder returns
• Fund manages net assets of approximately $283 million
• TCW Group's extensive management experience with $248 billion in client assets

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• None.

TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.055 per share payable to shareholders of record on March 31, 2021, with the payable date of April 9, 2021.

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 $283 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 five decades of investment experience, TCW today manages approximately $248 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/20210317005723/en/

FAQ

What is the quarterly distribution amount for TSI for April 2021?

The quarterly distribution amount for TCW Strategic Income Fund (TSI) is $0.055 per share, payable on April 9, 2021.

When will TSI's distribution be paid to shareholders?

The distribution for TSI will be payable on April 9, 2021, to shareholders of record on March 31, 2021.

What are the total net assets of TCW Strategic Income Fund (TSI)?

TCW Strategic Income Fund currently has net assets of approximately $283 million.

Who manages the TCW Strategic Income Fund?

The TCW Strategic Income Fund is managed by TCW Group, which oversees approximately $248 billion in client assets.

What is the investment strategy of TCW Strategic Income Fund?

The TCW Strategic Income Fund employs a strategy based on the investment policy approved by the Board, focusing on accumulated net investment income and other sources.