SOURCE: The TCW Group, Inc.
LOS ANGELES, CA--(Marketwire - Feb 28, 2013) - TCW Strategic Income Fund, Inc. (NYSE: TSI) announced that its Board of Directors declared a quarterly distribution of $0.098 per share. The distribution is payable on April 12, 2013 to shareholders of record on March 28, 2013.
The quarterly distribution is based on the managed distribution policy which is to make a quarterly distribution equal to 7% per annum of the Fund's prior year-end net asset value per share stated in the audited annual report. It is estimated that the distribution will be from net investment income. The final character of the distribution will be determined as part of the annual audit. Distribution policies are 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 $277 million.
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.
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 had approximately $138 billion in assets under management as of Dec. 31, 2012. 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. For more information, please refer to www.tcw.com.