TCW Strategic Income Fund Announces Quarterly Distribution of $0.065 per Share

TCW Strategic Income Fund has announced a quarterly distribution of $0.065 per share, payable on June 30, 2025. The distribution is based on a policy approved by the Board of Directors in 2013 to pay dividends out of accumulated net investment income and/or other sources. The fund has net assets of approximately $247 million. TCW is a global asset management firm with over half a century of investment experience.

TCW Strategic Income Fund, Inc. (NYSE: TSI) has announced a quarterly distribution of $0.065 per share, payable on June 30, 2025. This distribution is part of a policy approved by the Board of Directors in December 2013, which allows for the payment of dividends out of the Fund’s accumulated net investment income and/or other sources, subject to the requirements of the Investment Company Act of 1940 and Sub-chapter M of the Internal Revenue Code [1].

The fund, which began operations in March 1987, currently has net assets of approximately $247 million. The distribution policy is a matter of Board discretion and may be modified or terminated at any time without prior notice. The TCW Group, the parent company of TCW Strategic Income Fund, is a leading global asset management firm with over half a century of investment experience. It manages a broad range of products across fixed income, alternative investments, equities, and emerging markets [1].

This announcement follows a trend of quarterly distributions from closed-end funds, as seen with other funds such as ClearBridge Energy Midstream Opportunity Fund Inc., Franklin Templeton’s Putnam closed-end funds, and Nuveen Credit Strategies Income Fund [2]. The quarterly distribution policy is designed to provide shareholders with a steady income stream, which can be beneficial for investors seeking regular dividend payments.

As with any investment, it is essential for investors to consider the risks associated with TCW Strategic Income Fund. The fund’s performance and the value of its shares can be affected by various factors, including general economic conditions, market volatility, and the availability of certain types of securities for investment. Investors should review the fund’s SEC filings for a comprehensive understanding of these risks [1].

References:
[1] https://www.businesswire.com/news/home/20250616421432/en/TCW-Strategic-Income-Fund-Announces-Quarterly-Distribution
[2] https://www.businesswire.com/newsroom/subject/closed-end-fund