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 June 30, 2022, payable on July 8, 2022. This policy, approved by the Board of Directors in December 2013, allows for distributions from the Fund’s accumulated net investment income, with the Board retaining discretion to modify or terminate it. TSI, a closed-end fund since March 1987, currently holds approximately $248 million in net assets, managed by TCW, which oversees around $243 billion in client assets across various investment types.

Positive

• Quarterly distribution of $0.055 per share announced.
• Fund currently holds approximately $248 million in net assets.
• Management by TCW, which has over $243 billion in assets under management.

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• None.

LOS ANGELES--(BUSINESS WIRE)-- TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.055 per share payable to shareholders of record on June 30, 2022, with the payable date of July 8, 2022.

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 $248 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 $243 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/20220616005825/en/

Investor:

Tel: 800-386-3829

Media:

Doug Morris

Head of Corporate Marketing and Communications

Tel: 213-244-0509

Source: TCW Strategic Income Fund, Inc.

FAQ

What is the recent distribution amount for TCW Strategic Income Fund (TSI)?

The recent distribution amount for TCW Strategic Income Fund (TSI) is $0.055 per share.

When will the distribution for TSI be payable?

The distribution for TSI will be payable on July 8, 2022.

What is the record date for TSI's quarterly distribution?

The record date for TSI's quarterly distribution is June 30, 2022.

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

TCW Strategic Income Fund (TSI) currently has approximately $248 million in net assets.

Who manages TCW Strategic Income Fund (TSI)?

TCW Strategic Income Fund (TSI) is managed by TCW, which oversees around $243 billion in client assets.