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Los Angeles, December 16, 2022–( BUSINESS WIRE )–TCW Strategic Income Fund, Inc. (NYSE: TSI ) today announced a year-end dividend of $0.1533 per share payable to shareholders of record on December 30, 2022 and January 13, 2023. The distribution represents Regular quarterly net investment income of $0.06, $0.0808 in long-term capital gains, and an additional special year-end distribution of $0.0125 in net investment income.
The distribution was based on a policy approved by the Board of Directors in December 2013, which was to be paid out of net investment income accumulated by the Fund and/or other sources in accordance with the requirements of the Investment Company Act of 1940, as amended. , and Internal Revenue Code Subchapter M. The Directors regularly monitor conditions and circumstances related to dividends and, in consultation with the Fund’s portfolio managers, make such changes as they deem appropriate. Distribution Policy is at the discretion of the Board and may be modified or discontinued 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 team
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 portfolios 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 are forward-looking statements within the meaning of federal securities laws. Actual results and the timing of certain events may differ materially from those anticipated or implied by these forward-looking statements, including general economic conditions, the general availability of certain types of securities for investment by the Fund, volatility in the securities markets and the Fund’s share price, and other risk factors described in the Fund’s SEC filings. .
Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20221216005429/am/
Contacts
Investor Relations:
Phone: 800-386-3829
Media Contact:
Doug Morris
Head of Corporate Marketing and Communications
Phone: 213-244-0509
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