SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

December 04, 2009 16:16 ET

TCW Strategic Income Fund Announces Portfolio Management Change

Follows TCW's Definitive Purchase Agreement to Acquire MetWest

LOS ANGELES, CA--(Marketwire - December 4, 2009) - The TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced that it named Tad Rivelle, Stephen Kane and Laird R. Landmann as Co-Portfolio Managers of the Fund. This change follows TCW's announcement today that it reached a definitive purchase agreement to acquire Metropolitan West Asset Management LLC (MetWest), a nationally recognized fixed income investment management firm with close to $30 billion in assets under management. The firm also announced that Jeffrey E. Gundlach has been relieved of his duties as the Portfolio Manager of the TCW Strategic Income Fund. The new portfolio management team will begin managing operations for the Fund on Monday, December 7, 2009.

"We do not anticipate any change in TSI's investment strategy, discipline or style as a result of this change," said Ron Redell, President of the TCW Strategic Income Fund.

For more details about the acquisition of MetWest or related matters, please visit

About TCW's Strategic Income Fund

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 $187 million.

About MetWest

MetWest manages a wide array of traditional and non-traditional fixed income strategies. With close to $30 billion in assets under management, the firm's investment philosophy has been predicated on a strict value discipline and orientation since its founding in 1996.

About TCW

Founded in 1971, The TCW Group, Inc. develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $110 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Société Générale Asset Management, which has approximately $400 billion under management. For more information, please refer to

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.

Contact Information

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    Erin K. Freeman
    Managing Director, Corporate Communications
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