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TCW Strategic Income Fund Announces Year End Distribution
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Rhea-AI Summary
TCW Strategic Income Fund (NYSE: TSI) announced a year-end distribution of $0.2019 per share for shareholders of record as of December 31, 2021, payable on January 14, 2022. This includes a regular net investment income distribution of $0.0550, $0.0402 from short-term capital gains, and $0.0777 from long-term capital gains, plus a special distribution of $0.0290. The fund has net assets of approximately $280 million and follows a Board-approved distribution policy.
Positive
Year-end distribution of $0.2019 per share indicates strong net investment income.
Total net assets of approximately $280 million provide a solid financial base.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a year-end distribution of $0.2019 per share to holders of record on December 31, 2021 and payable January 14, 2022. The distribution represents a regular quarterly net investment income distribution of $0.0550, $0.0402 of short-term capital gain, $0.0777 of long-term capital gain, and an additional special year-end distribution of $0.0290 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 $280 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 $266 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.
Media Contact:
Doug Morris Head of Corporate Marketing and Communications Tel: 213-244-0509
Source: TCW Strategic Income Fund, Inc.
FAQ
What is the distribution amount announced by TCW Strategic Income Fund (TSI)?
TCW Strategic Income Fund announced a year-end distribution of $0.2019 per share.
When is the distribution payable for TCW Strategic Income Fund (TSI)?
The distribution is payable on January 14, 2022.
What components make up the $0.2019 distribution for TSI?
The distribution consists of $0.0550 in net investment income, $0.0402 in short-term capital gains, $0.0777 in long-term capital gains, and a special distribution of $0.0290.
What is the net asset value of TCW Strategic Income Fund (TSI)?
TCW Strategic Income Fund has net assets of approximately $280 million.
When was the distribution policy for TCW Strategic Income Fund (TSI) approved?
The distribution policy was approved by the Board of Directors in December 2013.
