TCW Strategic Income Fund Announces Quarterly Distribution
December 17 2024 - 3:15PM
Business Wire
TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a
quarterly distribution of $0.205 per share payable to shareholders
of record on December 31, 2024, with the payable date of January
10, 2025. The distribution represents a regular quarterly
distribution of $0.06 and an additional special year-end
distribution of $0.145 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 $251 million.
About The TCW Group
TCW is a leading global asset management firm with a broad range
of products across fixed income, alternative investments, equities,
and emerging markets with over half a century of investment
experience. Through its ETFs, TCW MetWest Funds, and TCW Funds, TCW
manages one of the largest 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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Investor Contact: Tel: 800-386-3829
Media Contact: Doug Morris Head of Corporate
Communications Tel: 213-244-0509
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