TCW Strategic Income Fund Announces Quarterly Distribution

Rhea-AI Summary

TCW Strategic Income Fund (NYSE: TSI) announced a quarterly distribution of $0.06 per share for shareholders of record as of March 31, 2023, with payment on April 14, 2023. This distribution aligns with the policy approved in December 2013, allowing dividends from accumulated net investment income. The Fund, established in March 1987, currently manages net assets of approximately $242 million. The Board of Directors retains discretion over distribution policy, which may change at any time.

Positive

• Quarterly distribution of $0.06 per share indicates continued income generation.
• The Fund has net assets of approximately $242 million, reflecting its size and stability.

Negative

• None.

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 31, 2023, with the payable date of April 14, 2023.

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 $242 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 $205 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.

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Investors:

Tel: 800-386-3829

Media:

Doug Morris

Head of Corporate Marketing and Communications

Tel: 213-244-0509

Source: The TCW Group

FAQ

What is the quarterly distribution amount for TSI in 2023?

TCW Strategic Income Fund announced a quarterly distribution of $0.06 per share.

When will the TSI distribution be paid?

The distribution will be payable on April 14, 2023.

What are the net assets of TCW Strategic Income Fund?

The Fund currently has net assets of approximately $242 million.

When was the distribution policy for TSI approved?

The distribution policy was approved in December 2013.

What is the significance of the TSI distribution policy?

The policy allows distributions from accumulated net investment income, providing income to shareholders.