LOS ANGELES--(BUSINESS WIRE)--
TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a year-end distribution of $0.147 per share payable to shareholders of record on December 29, 2017, with the payable date of January 12, 2018. The distribution includes $0.114 from net investment income and $0.033 from long-term capital gain.
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 $288 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 over $200 billion in
client assets. Through the MetWest Funds, TCW Funds and TCW Alternative
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.
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