STOCK TITAN

TCW Strategic Income Fund Announces Year End Distribution

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

TCW Strategic Income Fund (NYSE: TSI) announced a year-end distribution of $0.1533 per share for holders of record on December 30, 2022, payable on January 13, 2023. This includes $0.06 as regular net investment income, $0.0808 in long-term capital gain, and a special distribution of $0.0125. The distribution policy allows the Board of Directors to adjust payouts based on various conditions. TSI has approximately $245 million in net assets and operates since March 1987.

Positive
  • Year-end distribution of $0.1533 per share.
  • Includes regular, long-term capital gain, and special distributions.
Negative
  • None.

LOS ANGELES--(BUSINESS WIRE)-- TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a year-end distribution of $0.1533 per share to holders of record on December 30, 2022 and payable January 13, 2023. The distribution represents a regular quarterly net investment income distribution of $0.06, $0.0808 of long-term capital gain, and an additional special year-end distribution of $0.0125 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 $206 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.

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 TSI year-end distribution amount for 2022?

The TCW Strategic Income Fund (TSI) announced a year-end distribution of $0.1533 per share.

When is the TSI distribution payment date?

The distribution is payable on January 13, 2023.

What components make up the TSI distribution?

The distribution includes $0.06 in net investment income, $0.0808 in long-term capital gain, and $0.0125 as a special distribution.

When is the record date for TSI's year-end distribution?

The record date for the distribution is December 30, 2022.

What is the net asset value of TCW Strategic Income Fund?

The TCW Strategic Income Fund (TSI) currently has net assets of approximately $245 million.

TCW Strategic Income Fund, Inc.

NYSE:TSI

TSI Rankings

TSI Latest News

TSI Stock Data

239.41M
47.79M
7.41%
38.86%
0.06%
Asset Management
Financial Services
Link
United States of America
Los Angeles